Monday, January 13, 2020

Tuesday: CPI

by Calculated Risk on 1/13/2020 06:37:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Face More Volatility Later This Week

Mortgage rates didn't do much today, and that's good enough news considering the average lender is closer to the lower end of the rate range since early October. The only counterpoint would be that there isn't much distance between the highs and the lows during that time (not a bad thing, just a bit of context). In other words, rates are "pretty close" to the lowest levels of the past several months, but they're also not too far from the highest levels. [Most Prevalent Rates For Top Tier Scenarios 30YR FIXED 3.75%]
emphasis added
• At 6:00 AM, NFIB Small Business Optimism Index for December.

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