Will Rates Rise Tomorrow Morning?

Will rates rise tomorrow morning? - Much depends on the results of the GDP report. There are three reports scheduled for release tomorrow morning. The first is the preliminary version of the 1st Quarter Gross Domestic Product (GDP). This is arguably the single most important report that we see on a regular basis. The GDP is the sum of all products and services produced in the U.S. and is considered to be the best indicator of economic growth or contraction. I expect this report to cause major movement in the financial markets Friday and therefore the mortgage market also. Analysts are expecting to see an increase in output at an annual rate of 3.3%. A much smaller increase would be good news for mortgage rates. But, a stronger than expected reading would almost certainly cause stock prices to rise and bond prices to fall, leading to higher mortgage rates tomorrow morning. For additional information check in on my Daily Rate Lock Advisory at-

http://www.vitek-builderdivision.com/DailyRateLockAdvisory