The Employment report that was released on Friday showed growth in the labor market that exceeded expectations. This factor along with continued volatility in the stock market led to mortgage rates moving higher during the week.
Next week the following events will occur and economic data will be released that may impact mortgage interest rates:
- The ISM National Services Index will be released on Monday;
- The JOLTS report will be released on Tuesday;
- The Federal Reserve meeting will take place on Thursday;
- There will be Treasury Auctions on Tuesday and Wednesday