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MORTGAGE MARKET UPDATE FOR THE WEEK ENDED JULY 27, 2018

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Mortgage interest rates moved higher this week in a noticeable way.  Strong GDP growth numbers and news of a potential easing of Tariffs were positive for equities and put upward pressure on interest rates.

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

  1. The Core PCE Price Index will be released on Tuesday;
  2. The ISM National Manufacturing Index will come out and the Federal Reserve will meet on Wednesday; and
  3. The ISM National Services Index and the Employment report will be released on Friday