What May Impact Mortgage Rates this Week: March 10, 2014

mortgageporter-economyLast 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)

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