On Friday the first quarter GDP report was released which was favorable for mortgage interest rates due to continued low inflation and slower growth in consumer spending. Late in the week mortgage rates fell and ended the week lower than last week.
Next week the following economic data will be released and economic events will occur:
- The core PCE report will be released on Monday;
- The ISM Manufacturing Index will be released and the next Federal Reserve meeting will occur. Both on Wednesday;
- The Employment report and the ISM National Services Index will be come out on Friday.