Today has one piece of economic data that has the potential to affect mortgage rates. It will come from the Conference Board, who is a New York-based business research group and not a governmental agency. They will post their Leading Economic Indicators (LEI) for September at 10:00 AM today. This report attempts to predict economic activity over the next three to six months. It is expected to show a rise, indicating that the overall economy is likely to grow in the immediate future. The data is not known to be highly influential on mortgage rates, so it will take a large variance from forecasts for it to affect mortgage pricing.
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