5th
Mortgage Rates - Reports that can move the market this week.
What will direct the daily changes in Mortgage Rates this week?
The financial market have their eyes focused every week on the reports that come out about the state of the economy in the US. There are four reports this week that are coming out.
- ISM Services Index - Monday
- Crude Inventories - Wednesday
- Initial Jobless Claims -Thursday
- Balance of Trade - Friday
In general - the picture that these reports paint about the state of the economy will make mortgage rates move up or down. If the picture looks like an improving economy, then mortgage rates get pressured higher - if the picture looks like a worsening economy then mortgage rates could drift lower.
Any time there is a surprise in the reports the effect on mortgage rates can be greater.
Keep you posted!
Craig Garcia is a Managing Member of Bridge Capital Lending, LLC. A mortgage and investment firm offering Home Loans, Refinances, Purchase Loans, Commercial Loans and more. They also offer Investor Loans that Use Private Lenders to fund Hard Money Loans. Craig can be reached at 877-8GO-GREEN or 954-217-9518.