While there was a lot of economic news this week, none of the news had a major impact on mortgage interest rates. The most significant item was that the Employment Report, released on Friday, showed lowered than expected wage growth. Largely based on this report, mortgage interest rates ended the week slightly lower than last week.
Next week the following events will occur and economic reports will be released, any of which could impact mortgage interest rates:
- The JOLTS report will be released on Tuesday;
- There will be Treasury auctions on Wednesday and Thursday;
- Ongoing negotiations on tax reform and the Asian summit next week may also generate news that impacts mortgage interest rates