The inflation data released this week was in line with expectations and had little impact on mortgage interest rates. The Employment Report, events in North Korea and stronger than expected Manufacturing Data impacted mortgage interest rates although the net effect was that mortgage interest rates were largely unchanged for the week.
Next week the following events will occur and economic data will be released which could impact mortgage interest rates:
- The Factory Orders report will be released on Tuesday;
- The ISM Manufacturing report will be released on Wednesday;
- The European Central Bank will meet on Thursday;
- The mortgage markets will be closed on Monday in observance of Labor Day.