There was little reaction to the economic news that was released this week or to a speech that was given by the Federal Reserve Chair. There was some volatility caused by political news but overall mortgage interest rates ended the week lower than last week.
Next week the following economic data will be released and events will occur which could impact mortgage interest rates:
- The first revision to second quarter GDP will be released on Wednesday;
- The Core PCE Price Index will be released on Thursday;
- The Employment Report and the ISM Manufacturing Index will be released on Friday; and
- There will be Treasury Auctions on Monday and Tuesday.