Rate Update April 14, 2008
It will be a busy week for economic data to be released.
This morning we started the week off with the government releasing the monthly retail sales report. The report showed that retail sales in March were higher than what analysts had expected. Furthermore, the report revised February’s retail sales figure higher. Ordinarily this would pressure mortgage rates higher but analysts have shrugged their shoulders likely because they view this months report as an outlying figure in an overall weak trend.
Watch today’s you tube video to find what other reports and financial news will likely impact mortgage rates this week.
Current Outlook: neutral