Last week, rates ended the week once more about .25% higher than where they began, as the economy continued to struggle. Last week's Fed meeting seemed to do little to change the course of the economy, as both bonds and stocks continued to move in the wrong direction. The week ahead boasts several high impact economic reports, including the block buster Jobs report due out on Friday. But it is likely that the economic reports alone will not drive home loan rates in the week ahead.
The bottom line: Expect rates to continue to be volatile and likely move higher as the stimulus bill continues to be debated, and job losses continue to mount.
Conventional Loan 