What May Impact Mortgage Rates this Week: September 7, 2015

Howdy from Nashville! I’m in Music City to visit my son and check out his new home. I will be back to work on Wednesday morning. My team at Mortgage Master can take great care of you while I’m away.  Right now, my son and I are taking a quick break from exploring the city so I thought I’d share what economic indicators may be impacting mortgage rates this week.

There’s not a lot of economic indicators on the dance card this week, so watch for mortgage rates to take their direction from the stock market. Remember, typically if the stock market is doing well, mortgage rates may be deteriorating. The reverse is also true. This is because investors will seek safety with bonds (like mortgage backed securities).

• Monday, September 7:: Happy Labor Day! Our offices are closed to observe this holiday.
• Thursday, September 10: Initial Jobless Claims
• Friday, September 11: Producer Price Index (PPI); Consumer Sentiment (UoM)

Have a happy Labor Day! I’ll be back soon, Ya’ll.