This week there was stronger than expected economic data that was released. However, at the same time there were increased expectations that the Federal Reserve and the European Central Bank may both lower interest rates in the second half of the year and as a result mortgage interest rates ended the week slightly lower.
Next week the following economic events will occur and economic data will be released which could impact mortgage interest rates:
- The Existing Home Sales report will be released on Tuesday;
- The New Home Sales report will be released on Wednesday;
- The European Central Bank will meet on Thursday; and
- The Gross Domestic Product report will come out on Friday.