Mortgage rates hit the lowest levels of a lifetime last week. The most aggressive loan pricing was seen on Wednesday following a string of weaker than expected housing data. While mortgage rates did rise a few basis points on Thursday, consumer borrowing costs generally recovered on Friday. After lenders repriced for the better, mortgage rates closed the week near the best levels witnessed on Wednesday. HERE is a recap. Just like last week, the economic calendar in the week ahead is not jammed packed but it does contain a couple of influential data points. The most important release comes on Friday morning with the Official Employment Situation Report. Things got started slow with only one economic release today: Personal Income and Outlays . This monthly report provides market watchers with…(read more)
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