The two main economic events that occurred this week were favorable for mortgage interest rates. Following the Fed meeting and the release of inflation data, mortgage interest rates trended down and ended the week lower than last week.
Next week the following economic data will be released and events will occur that may impact mortgage interest rates:
- The ISM National Manufacturing Index will be released on Monday;
- The ISM National Services Index will be released on Wednesday; and
- The Employment Report will come out on Friday.