Thirty-year fixed-rate mortgages continued to hover near 5.5 percent for the lowest-fee packages.
This week’s economic data were overshadowed by the mega-reports due on Monday from the purchasing managers’ association and next Friday’s news of February payrolls. There may have been a predictive glimmer in the Conference Board’s confirmation that consumer confidence fell hard in February, as confidence is heavily influenced by job market conditions. If that pattern holds, then February will have been another thin month for payrolls.
Alan Greenspan had a big week.