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