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MORTGAGE MARKET UPDATE FOR THE WEEK ENDED MARCH 16, 2017

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The economic news that was released this week was largely in line with expectations and it was a quiet week for mortgage interest rates as they ended the week slightly lower than last week.

Next week the following events will occur and economic data will be released:

  1. The Federal Reserve will meet on Wednesday and investors expect an increase in interest rates and will be seeking guidance on the pace of future rate increases;
  2. Existing Home Sales will be released on Wednesday; and
  3. New Home Sales and the Durable Orders report will come out on Friday.