May 22nd, 2026 9:49 AM by T. Fanning
Hello! Have a great Memorial Day and thank you to all who served!
This past week, economic news mostly pointed to inflation staying stubborn, which kept pressure on mortgage interest rates. Investors paid close attention to inflation data and comments from the Fed, with growing concerns that cuts to borrowing costs may take longer than hoped. As a result, mortgage rates moved a little higher and remained unpredictable
Next week brings a few important economic reports to watch. Since the markets are closed Monday, things kick off Tuesday with the May Consumer Confidence report. Thursday will be the biggest day, with key inflation data coming out, including the Fed’s preferred inflation report.
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