What May Impact Mortgage Rates this Week: March 17, 2014


mortgageporter-economyHappy Saint Patrick’s Day! Here are some of the scheduled economic indicators which may impact mortgage rates being in the green this week:

Monday, March 17: Empire State Index and Housing Market Index

Tuesday, March 18: Consumer Price Index (CPI); Housing Starts and Building Permits

Wednesday, March 19: FOMC Minutes

Thursday, March 20: Initial Jobless Claims; Existing Home Sales; and Philadelphia Fed Index

You may want to keep a close eye on the stock market and what’s going on in the Ukraine. If the stock market rallies,  we may see mortgage rates trend higher as they’re based on bonds (mortgage backed securities). The reverse is also true, investors often seek the safety in bonds when the stock market is deteriorating.

If I can help you with your next mortgage on a home located anywhere in Washington state, please let me know! Have a great week.

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