Mortgage Report: Week of April 24th - 28th
With all the reports coming out this week(Existing home sales,New home salses, GDP, ECI)we need to concentrate on one factor- inflation. Any signs of inflation in the economy will pressure Mortgage Bond prices lower and cause home loan rates to rise. There is some room for improvement in the coming week however it will all be based on how the news releases this week and what they say about inflation.