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Monday, June 10, 2024

"Mortgage Rates Slightly Higher to Start Pivotal Week"

by Calculated Risk on 6/10/2024 06:26:00 PM

Mortgage Rates From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher to Start Pivotal Week

The event calendar ramps up quickly from here and Wednesday will be the most important day of the month due to the release of pivotal inflation data and an updated rate announcement and outlook from the Fed. While there's no chance of a rate cut or hike at this meeting, we should get more clarity on the Fed's interpretation of the very latest trends in inflation. [30 year fixed 7.17%]
emphasis added
• At 6:00 AM ET, NFIB Small Business Optimism Index for April.