Mortgage Report: Week of March 20th - 24th
Retail sales for February were weak and appeared to be spread across most types of retail outlets. Weak economic news tends to benefit Bond pricing and that's why home loan rates improved slightly last week. This week there are a few ecomomic reports that may influence housing rates and will reveal inflation on the producer level. A favorable PPI report on Tuesday will likely benefit both stocks and bonds and bring more improvement in loan rates.