This week’s economic calender would be considered a little on the light side if not for Friday’s Jobs Report. Here are some of the economic indicators scheduled to be released this week.
Tuesday, March 5: ISM Services Index
Wednesday, March 6: ADP National Employment Report and the Beige Book
Thursday, March 7: Initial Jobless Claims and Productivity
Friday, March 8: THE JOBS REPORT
Remember, signs of inflation tend to drive mortgage rates higher. You may also notice that when the stock markets are doing well, mortgage rates tend to rise as investors will trade the safety of bonds (like mortgage backed securities) for the potential greater return of stocks.
Mortgage rates are still very low, however they have been trending higher over the last several weeks.
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