With weaker than expected economic data being released and comments from the Federal Reserve indicating a willingness to lower interest rates, mortgage interest rates fell this week to their lowest level in almost two years.
Next week the following economic data will be released and events will occur that could impact mortgage interest rates:
- 1. The Consumer Price Index will be released on Wednesday;
- 2. The Retail Sales report will be released on Friday; and
- 3. There will be Treasury Auctions on Wednesday and Thursday.