Mortgage Rates This Week – July 29, 2013

Jul 29, 2013

Last week brought a mixed bag of economic news.  Mortgage rates rose slightly last week, trading was calm as many were on summer vacations.  It will be worth returning from vacation for this week as lots of items are on the economic calendar.

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This week expect lots of rate volatility starting on Tuesday when consumer confidence numbers are released.  Other market moving items on the calendar include GDP, Fed adjournment, Payroll data, unemployment rate and PCE prices.

Keep thing is prospective when thinking about locking a rate.  Rates remain low and it is still a great time to purchase or refinance a home

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