This week there was very little economic data released or news that had an impact on mortgage interest rates. As a result, rates were largely unchanged from last week.
Next week the following events will occur and economic data will be released that could impact mortgage interest rates:
- The Third quarter GDP report will be released on Wednesday;
- The Federal Reserve will meet on Wednesday where a .25% rate reduction in the discount rate is expected;
- The Core PCE Index will be released on Thursday; and
- The Employment Report will come out on Friday.