Weekly MGM Mortgage News Digest 03/05

By AFN Media

Mortgage rates ended last week with little change.

Key influences that affected mortgage rates last week:
- New Fed Chair comments increased expectations for pace of interest rate rises.
- ISM national manufacturing index matched highest levels since 2004.
- President Trump announcement on steel and aluminum tariffs resulted in increased bond demand.

What to look for this week:
- ISM national services index on Monday.
- Factory order stats on Tuesday.
- European Central Bank meeting on Thursday.
- Employment data on Friday.

Source: MBSQuoteline.com