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:
- The New Home Sales report will be released on Tuesday;
- The Durable Orders report will come out on Wednesday; and
- The Core PCE Index will be released on Friday
