What Happened This Week: Inline with analysts’ expectations this week’s economic reports carried little weight as trade negotiations with China garnered the most attention. As a result intra-week volatility returned to capital markets with interest rates nearly reaching their lowest levels in three years before drifting slightly upward leaving rates essentially unchanged from last Friday.
What’s to Come: Looking ahead to next week, we’ll be looking forward to reports on inflation on Wednesday and Retail Sales & Industrial Production Data populating a busy Thursday. Initial forecasts don’t expect any surprises from these upcoming economic reports or meaningful influence on rates. However, we could see another week where trade news with China drives capital markets and the direction of mortgage rates.
Weekend Market Update provided by Thad Musser Group at Atlantic Coast Mortgage