During the week the Federal Reserve announced a quarter point reduction in the rate, the unemployment report was released on Friday and trade tensions between the U.S. and China flared up with the announcement of new tariffs on Chinese imports. As a result, mortgage interest rates ended the week lower.
Next week the following events will occur and economic data will be released that may impact mortgage interest rates:
- The ISM National Services Index will be released on Monday;
- The JOLTS employment report will be released on Tuesday;
- The Producer Price Index will come out on Friday; and
- There will Treasury auctions on Wednesday and Thursday next week.