With strong economic data and investors continuing to favor stocks over bonds, mortgage interest rates continued to climb higher this week. For the second week in a row mortgage interest rates have lost ground and ended the week higher than the week before.
Next week the following events will occur and economic data will be released:
- The Industrial Production report and the NAHB Housing Index will be released on Wednesday;
- The Consumer Sentiment report will be released on Friday; and
- The mortgage markets will be closed on Monday in observance of Martin Luther King Day.
