Monday, March 13, 2017

"Mortgage Rates Approach 3-Year Highs Ahead of Fed"

by Bill McBride on 3/13/2017 08:23:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Approach 3-Year Highs Ahead of Fed

Mortgage rates rose for the 10th time in the past 11 days today, bringing them very close to highest levels in 3 years.  You'd have to go back to April 30th, 2014 to see the average lender offering higher rates.  The most common conventional 30yr fixed quote is easily up to 4.375% on top tier scenarios with a growing number of lenders moving up to 4.5%.
emphasis added
Tuesday:
• At 6:00 AM ET, NFIB Small Business Optimism Index for February.

• At 8:30 AM, The Producer Price Index for February from the BLS. The consensus is for 0.1% increase in PPI, and a 0.2% increase in core PPI.