Call for a FREE Consultation and Report

MORTGAGE MARKET UPDATE FOR THE WEEK ENDED JUNE 21, 2019

Consulting

The economic data that was released this week was stronger than expected however, an announcement by the European Central Bank that it may provide additional stimulus measures led to a decline in global bond yields, including mortgage interest rates in the U.S.  As a result, mortgage interest rates end the week at their lowest levels in over 2 years.

Next week the following events will occur and economic data will be released that may impact mortgage interest rates:

  1. The New Home Sales report will be released on Tuesday;
  2. The Durable Orders report will come out on Wednesday; and
  3. The Core PCE Index will be released on Friday