Mortgage rates moved higher late last week, with conventional rates climbing back above 6.5%, and VA rates just over 6%.
In this Monday Rate Update, Larry breaks down what actually matters this week for interest rates.
While the economic calendar is relatively light, three major issues could have the biggest impact: DHS funding, oil prices, and stability in the Strait of Hormuz.
We also covers the key reports and events on this week’s calendar, including ADP data, the Richmond Fed Manufacturing Index, Treasury auctions, jobless claims, and the University of Michigan Consumer Sentiment report.
If you’re watching mortgage rates, home affordability, or the housing market, this update gives you the bigger-picture context behind where rates may be headed next.
We also closes with a message for Hawaii families dealing with severe weather and highlights the importance of federal disaster response and funding.
