Mortgage interest rates continued to rise this week and ended the week at their highest level in several years. During the week the stock market rallied which put additional pressure on mortgage rates and the economic data continued to be positive.
Next week the following events will occur and economic data will be released which may impact mortgage interest rates going forward:
- The Federal Reserve will meet on Wednesday;
- The New Home Sales report will be released on Wednesday;
- Durable Orders will come out on Thursday; and
- The Core PCE Price Index will be released on Friday.