The economic data that was released last week did not have an effect on the mortgage markets and will the news regarding North Korea showing decreased tension, mortgage interest rates rose during the week and ended the week higher than last week.
Next week the following events will occur and economic news will be released which may have an impact on mortgage interest rates:
- The Housing Starts report will be released on Tuesday;
- The Existing Home Sales report will be released on Wednesday; and
- The Federal Reserve Board will meet on Wednesday which could announce new policies.