This week continuing political instability in North Korea led to an improvement in mortgage interest rates early in the week. However, the long awaited tax reform proposal was released mid week which led to a rise in mortgage rates late in the week.
Next week the following events will occur and economic data will be released which 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 be released on Friday.