Trade news related to Mexico and the economic data released during the week caused come volatility in mortgage interest rates, especially early in the week. As a result, rates were slightly higher at the end of the week compared to the end of last week.
Next week the following economic data will be released and events will occur:
- 1. The Housing Starts report will be released on Tuesday;
- 2. On Wednesday the Federal Reserve will meet and provide guidance on future interest rate increases; and
- 3. The Existing Home Sales report will be released on Friday.