Thursday, August 09, 2018

Friday: CPI

by Bill McBride on 8/09/2018 06:22:00 PM

From Matthew Graham at Mortgage News Daily: Lowest Mortgage Rates in Several Weeks

Before most lenders published their first rate sheet of the day, bonds improved even more thanks to weaker inflation data. This allowed the average lender to move rates to their lowest levels in several weeks. As nice as that might sound, the range has been narrow recently, so we're not talking about huge improvements. [30YR FIXED - 4.625% - 4.75%]
emphasis added
Tuesday:
• At 8:30 AM ET, The Consumer Price Index for July from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.2% increase in core CPI.