Last Friday, the Jobs Report came in stronger than expected causing mortgage rates to tick slightly higher (although they’re still historically low). Mortgage rates are based on mortgage backed securities (bonds) and may 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 rates:
Thursday, March 13: Retail Sales and Initial Jobless Claims
Friday, March 14: Producer Price Index (PPI) and Consumer Sentiment Index (UoM)
If you’re interested in a mortgage rate quote for your home located anywhere in Washington state, please contact me!