There are no scheduled economic indicators due to be released today. However, mortgage rates are trending lower this morning due to steepened worries from the Euro-zone, namely Spain and Greece. How could Greece and Spain’s pain cause lower mortgage interest rates? Investors are seeking the safety of bonds, like mortgage backed securities. As I write this post (6:35 PST), the DOW is down about 121 and the Euro has fallen to a two year low.
Here are some of economic indicators scheduled to be released this week:
- Wednesday, July 25: New Home Sales
- Thursday, July 26: Initial Jobless Claims, Durable Goods Orders, Pending Home Sales
- Friday, July 27: Gross Domestic Product (GDP), Auto Sales, Consumer Sentiment Index
If you are interested in refinancing or buying a home (primary, investment or vacation) anywhere in Washington state, I’m happy to help you.