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Forecast for the week of November 13, 2023

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.

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Last Week's Mortgage Rate Recap:

Rates moved higher

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Mortgage rates crept higher last week as markets reacted to Fed Chair Jerome Powell saying Thursday that he and other Fed officials remain committed to bringing inflation down to 2% and would not hesitate to raise policy rates further as needed to do so.

This Week's Mortgage Rate Forecast:

Rates may be volatile and could move higher

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This week brings inflation data and retail sales data which both will have an effect on mortgage rates for the week. If data comes in favorably, it could help rates drop a bit, however the current outlook shows that inflation could come in higher than expected and pressure mortgage rates higher.

What's affecting rates this week:

  • Economic data: There are concerns that consumer inflation readings on Tuesday could come in higher than expected due to a change in how health care costs are accounted for, which would cause markets to react in a way that could push mortgage rates higher. Wednesday brings wholesale inflation data, although this is generally less of a market mover. Also, if retail sales data on Wednesday shows a strong economy, it could increase concerns about a possible Fed rate hike to come in December, which would pressure mortgage rates higher.

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:

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All information provided is for informational purposes only, and we assume no responsibility to any person who relies on information contained in this report, and disclaim all liability in respect to decisions or actions or lack thereof based on any or all of the contents of this report. This is not an offer to lend.

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Hammer Solutions, LLC 260 Leaping Cat Ln Waynesville, North Carolina 28785 United States (973) 200-6808

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