It was a slow economic newsweek this week. And despite the excitement over the eclipse, it didn’t give us lower rates. Even the news of July new homes sales numbers announced Wednesday had fallen 9.4%, still didn’t help the rates decrease at a noticeable level.
Thursday existing home sales slumped 2.8% which also should have helped interest rates and it did, but ever so slightly. And just to prepare you for the week ahead, it is unlikely to change much as much of the country is in last hurrah of summer mode.
So hold tight for another week of flat rates. Enjoy the summer and know that everything changes with time. 🙂