Last week mortgage interest rates improved thanks to Janet Yellen indicating at her confirmation hearing that as our next Fed head, she will continue on with QE and support the Fed’s actions of buying mortgage backed securities to keep mortgage interest rates artificially low. This was sweet news to the markets and we’re still seeing lower mortgage rates this morning.
Here are some of the economic indicators that may impact the direction of mortgage interest rates scheduled to be released this week:
- Monday, November 18: Housing Market Index
- Tuesday, November 19: Employment Cost Index:
- Wednesday, November 20: Retail Sales; Consumer Price Index; Existing Home Sales; FOMC Minutes
- Thursday, November 21: Producer Price Index; Initial Jobless Claims; Philadelphia Fed Index