This morning, mortgage rates are trending lower from Friday’s Jobs Report coming in with weaker than expected data. As I write this post (10:15 am) the DOW is down about 115.
Watch for possible signs of inflation this week, which may reverse the downward trend in rates, with the scheduled economic indicators referenced below:
Wednesday, April 11: Fed’s Beige Book
Thursday, April 12: Producer Price Index (PPI) and Initial Jobless Claims
Friday, April 13: Consumer Price Index (CPI) and Consumer Sentiment (UoM)
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About Rhonda Porter
I always follow your live rate quotes and try to be updated about the rate. Hope rates will increase and we can avoid inflation.
Thanks