MORTGAGE MARKET UPDATE FOR THE WEEK ENDED JANUARY 12, 2017

With strong economic data and investors continuing to favor stocks over bonds, mortgage interest rates continued to climb higher this week.  For the second week in a row mortgage interest rates have lost ground and ended the week higher than the week before.

Next week the following events will occur and economic data will be released:

  1. The Industrial Production report and the NAHB Housing Index will be released on Wednesday;
  2. The Consumer Sentiment report will be released on Friday; and
  3. The mortgage markets will be closed on Monday in observance of Martin Luther King Day.

 

2018-01-12T15:59:55+00:00 January 12th, 2018|Interest Rate Update|