There were several events that influenced mortgage interest rates this week including testimony by the new Federal Reserve chair and economic data that was released this week. The economic data that was released this week was mixed and while mortgage interest rates were somewhat volatile during the week they ended the week with little change.
Next week the following events will occur and economic data will be released:
- The ISM National Services Index will be released on Monday;
- The Factory Orders report will come out on Tuesday;
- The European Central Bank meeting will take place on Thursday; and
- The Employment report will be released on Friday.