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A weekly look at where mortgage interest rates are headed.

Market Commentary

Over the past week treasuries were range-bound trading between 2.09% and 2.05%, largely due to consensus economic news and Fed speak.

The FOMC rate decision will be released on Wednesday, which will give better insight into the current economic situation.

Economic Calendar for the week of 07/29/2019 to 08/02/2019:

Tuesday: Consumer spending, Consumer confidence index, Pending home sales index
Wednesday: ADP employment, FOMC announcement, Jerome Powell press conference
Thursday: Weekly jobless claims, Market manufacturing PMI, ISM manufacturing index
Friday: Nonfarm payrolls, Unemployment rate, Consumer sentiment index

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