Mortgage rates could see some movement this week with all the economic data set to be released. Tomorrow, the Fed is expected to cut interest rates another 25 basis points. While this may not directly affect traditional fixed-rate first mortgages, second mortgages could be affected, along with ARMs.
Additionally, there will be inflation numbers released on Thursday and jobs data released on Friday. All of this information will provide a snapshot of the economy and possible affect mortgage rates this week.
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