The week in review:
The two biggest economic reports of last week came in lower than expected. Both the Consumer Price Index and the Retail Sales Report helped home loan rates slightly decline on the week.
What to Expect:
The markets were closed Monday in observance of Martin Luther King, Jr. day, but there will be plenty of news the rest of the week. We’ll receive another key report on inflation and on Thursday we’ll get a read on the manufacturing sector with the Philadelphia Fed Report.
As with last week, a tame inflation reading and a weaker than expected manufacturing report could lead to an interest rate decrease.
Breg-ometer:
Next 7 Days: Same range
Next 30 days: Same range
Next 90 Days: Rates expected to rise
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30080]