The economic data released this week was weaker than expected and mortgage interest rates declined during the week. Additionally, ongoing trade negotiations between the U.S. and China added to the volatility in the markets.
Next week the following economic data will be released and events will occur that may impact mortgage interest rates:
- The Existing Home Sales report will be released on Tuesday;
- The minutes from the May 1 Federal Reserve meeting will be released on Wednesday;
- The New Home Sales report will come out on Thursday; and
- The Durable Orders report will be released on Friday.