Rates Down Slightly Despite Heavy Dose of Data – Research

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Rates Down Slightly Despite Heavy Dose of Data By Matthew Speakman on May. 1, 2019 Mortgage rates ticked down slightly this week, fluctuating within a narrow range for most of the last seven days after several key economic releases and news offered mixed signals about the state of the U.S. economy.

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Mortgage rates fell slightly this week amid growing concerns surrounding trade talks between China and the U.S.. In a week light on economic data releases, the ongoing negotiations took center stage after President Trump threatened to raise tariffs on imported Chinese goods.

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In addition to the heavy dose of earnings reports released this week, which for the most part has surprised to the upside, the investment community has received some important news on the economy and has been focused on President Trump’s actions and words during his first few days in office.

Looking deeper into the data. rate that’s putting more money in workers’ pockets, it’s not the 3% or above figure that might have gotten the market concerned about a more aggressive Fed rate hike.