Tuesday, November 13, 2018

Wednesday: CPI

by Bill McBride on 11/13/2018 06:42:00 PM

From Matthew Graham at Mortgage News Daily: Token Improvement For Mortgage Rates

Mortgage rates improved by what could only be described as a token amount today. In other words, we're not talking about any major changes. In fact, mortgage rates themselves will be unchanged from Friday for almost any scenario. As is so often the case, we can only measure the change in terms of "effective rates" (which take upfront costs into consideration). [30YR FIXED - 5.0%]
emphasis added
Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 8:30 AM, The Consumer Price Index for October from the BLS. The consensus is for a 0.3% increase in CPI, and a 0.2% increase in core CPI.

• During the day, The AIA's Architecture Billings Index for October (a leading indicator for commercial real estate).