by Bill McBride on 3/13/2017 08:23:00 PM
Monday, March 13, 2017
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%.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.
Posted by Bill McBride on 3/13/2017 08:23:00 PM