During the week there was a rally in the stock market with the indexes reaching all time highs this week. Although at the end of the week the employments report was weaker than expected, mortgage interest rates ended the week slightly higher than last week
During the week the minutes from the December 13, 2017 Fed Meeting were released and they contained no surprises. Expectations for the rate of future interest rate increases remain unchanged by analysts.
Next week the following events will occur and economic reports will be released that may impact mortgage interest rates:
- The JOLTS report will be released on Tuesday; and
- The Retails Sales report and Consumer Price Index report will be released on Friday.