Mortgage interest rates rose this week due to stronger economic data and as a result of continued trade negotiations which stalled this week. As a result mortgage interest rates ended the week higher than last week.
Next week the following economic data will be released and events will occur which could impact mortgage interest rate:
- The ISM National Services Index will come out on Tuesday;
- The European Central Bank will meet on Thursday; and
- The Employment report will be released on Friday.
Additionally the ongoing trade negotiations with China can influence both the equity and bond markets.