excellent week to lock in some loans

After yet another volatile week for rates, when the smoke cleared rates ended the week slightly better than where they began. The week ahead is jam packed with economic news including Consumer Confidence, GDP, and the all important Jobs Report. So what's in store for rates for the week ahead?

Last week, rates managed to hold fairly steady and then improve as comments from Philadelphia Fed President Charles Plosser, pushed rates lower when he said "inflation is too high" and the Fed must "back up their words with action." These statements helped rates slightly improve.

On Thursday, rates managed to fall to their lowest point of the week as several negative economic reports were released including a higher than expected Jobless Claims report.

Several economic reports are scheduled for release this week including Friday's Jobs Report. So will rates manage to mount even a better come back this week? That remains to be seen, however on thing is almost certain - Rates will likely remain volatile.

The bottom line: It's likely the key economic releases will drive rates, keep your ears open for the breaking economic news and watch the market for what could be an excellent week to lock in some loans.