The economic calendar is rather light this week. In the mortgage world, this week's economic calendar highlights come at 8:30 a.m. eastern time on Tuesday, when the feds come out with reports on housing, as well as wholesale prices.
The Census will issue its report on housing starts, building permits and housing completions in July. These numbers are expected to remain weak.
At the same time, the Labor Department will issue July's Producer Price Index, a measurement of inflation on the wholesale level. Overall wholesale prices went down in June, but are expected to have blipped up very slightly in July.
Also on Tuesday, the Obama administration will hold a housing summit, in which experts will discuss the future of Fannie Mae and Freddie Mac. It's my son's first day of high school, so instead of going to D.C. I'll cover the summit from Mahogany Ridge (i.e., by watching it online at my desk), and I'll tweet and blog as warranted.
Tuesday's calendar items are the only ones of interest.