Mortgage interest rates continued on a roller coaster this week. The large swings in the stock market this week were a factor as well as ongoing negotiation of the budget in Washington DC and increasing concerns about inflation and its impact on interest rates.
Next week the following events will occur and economic data will be released:
- On Wednesday the Consumer Price Index and the Retail Sales report will be released;
- The Industrial Production report will be released on Thursday; and
- The Housing Starts report will be released on Friday.