Updated on July 17, 2017 10:18:53 AM EDT
Today has nothing of importance scheduled for release. Neither does tomorrow. In fact, the week brings us very little that is expected to affect mortgage rates with only two monthly economic reports on the calendar. Corporate earnings season gets into high gear, which may end up being the biggest influence on rates.
The two monthly reports come Wednesday and Thursday, but both are considered to be of low or moderate importance. We have no key or highly important economic releases or other events taking place this week. We should see a much calmer week in the markets and mortgage rates than the past couple. No single day stands out as the most important day of the week and the least active day will probably be today or Friday. Despite the lack of key economic data or other events that clearly will cause volatility, it still would be prudent to maintain contact with you mortgage professional as momentum can pick up at any time, especially if earnings are generally strong or weak.
©Mortgage Commentary 2017