On the heels of the strong employment report last week, the economic data that was released this week continued to show that the economy is growing at a solid pace. In general the positive outlook for the economy puts upward pressure on mortgage interest rates and for the week rates inched up slightly from last week.
Next week the following events will occur and economic data will be released which may impact mortgage interest rates:
- The Consumer Price Index report will be released on Tuesday;
- The Federal Reserve will meet on Wednesday; and
- The Retail Sales report will be released on Thursday and the European Central Bank will also meet on Thursday.