What’s Ahead For Mortgage Rates This Week – July 22, 2013
Last week's economic news was a mixed bag with retail sales and housing starts coming in lower than expected, but home builder confidence in housing markets increased. Weekly jobless claims fell, and Fed Chair Ben Bernanke testified before the Senate, saying that falling gold prices were an indication of increasing confidence in the economy, but that it was "way too soon" to say when the Fed's quantitative easing program would be reduced. Monday: Retail sales for June came in lower than expected at 0.4 percent. Economists estimated a reading of 0.9 percent based on May's reading of 0.5 percent. Tuesday:…