Mortgage rates are based on mortgage backed securities (bonds) and change constantly throughout the day. Here are some of the economic indicators scheduled to be released this week which may impact the direction of mortgage interest rates:
Tuesday, February 25: Consumer Confidence
Wednesday, February 26: New Home Sales
Thursday, February 27: Initial Jobless Claims and Durable Goods Orders
Friday, February 28: Pending Home Sales; Gross Domestic Product (GDP) and Chain Deflator; Chicago PMI; and Consumer Sentiment Index (UoM)
Janet Yellen will be in front of the Senate Banking Committee on Thursday testifying on the economy and monetary policy.
Mortgage interest rates remain low. If you would like me to provide you with a written rate quote for your home located anywhere in Washington state, please click here.