Mortgage Rates Mostly Steady, but Volatility Could Increase

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Posted To: Mortgage Rate Watch

Mortgage rates were steady to slightly higher to begin the new week, depending on the lender. Even in cases where rates rose, the increase was modest at best. The lack of drama is consistent with the week’s economic calendar which essentially had nothing meaningful on tap today. Wednesday, by comparison, has much higher stakes . In the morning, The Department of Labor will release the most widely-followed report on inflation, The Consumer Price Index (CPI). This data, released once a month, has been one of the biggest sources of inspiration for rates over the past year. This time last year, CPI showed an unexpected drop in inflation. Because inflation pushes rates higher, that drop helped stave off what many saw as an inevitable push higher. Investors are anxiously waiting for another push…(read more)

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