The outlook for continued economic growth is uncertain and citing this factor the Federal Reserve telegraphed that future rate increases in 2019 are unlikely. As a result, mortgage interest rates ended the week lower than last week.
Next week the following economic events will occur and economic data will be released:
- The Housing Starts report will be released on Tuesday;
- The Pending Home Sales report will come out on Thursday;
- The New Home Sales report will be released on Friday; and
- The Core PCE Index will come out on Friday.