Brought to you by
,

Forecast for the week of July 12, 2021

Please enjoy this complimentary mortgage rate forecast provided to keep you informed of where interest rates may be headed, and to help you gain the advantage in securing low rates and payments.

It is never our intention to send you spam.

If you don't want to receive future emails like this one, please
CLICK HERE TO UNSUBSCRIBE

Last Week's Mortgage Rate Recap:

Rates improved

Average mortgage rates were better last week as sentiment shifted in favor of bonds, setting the stage for rates to improve. Concerns about inflation have seemed to evaporate and concerns about global reflation have taken their place, slowing down stocks but helping bonds and keeping rates low.

This Week's Mortgage Rate Forecast:

Rates will remain low

Average mortgage rates this week will remain low, but could move either way depending on how traders react to this week's economic data and how market sentiment plays out. Sometimes we find ourselves at a crossroads, like now, and we have to be reactionary to how the markets move during the week. This week is a great time to stay in touch with your mortgage professional for guidance.

What's affecting rates this week:

• Fed testimony: Fed Chair Jerome Powell will provide his semiannual report to Congress about the state of the economy, and his comments could cause some movement in rates this week.
• Economic data: A busy week for economic data, including consumer inflation data that could pressure rates for the week. We will also see wholesale economic data, and a few Treasury auctions.
• Investor sentiment: A distinct shift in investor risk tolerance is helping rates.

If you would like to discuss interest rates further or find out the benefits of locking your rate today, please contact your mortgage professional at or .

Interest Rate Forecast and Commentary provided by: