From Matthew Graham at Mortgage News Daily: Mortgage Rates Just Barely Lower Ahead of Key Inflation Data
Mortgage rates spent the entirety of last week at the same levels based on end-of-day rates sheets from the average lender. … Whereas today was fairly calm for markets and rates, tomorrow brings bigger risks. This is primarily due to the release of an important report on inflation in the morning. [30YR FIXED – 4.5-4.625%]
emphasis added
Tuesday:
• At 6:00 AM ET, NFIB Small Business Optimism Index for February.
• At 8:30 AM, The Consumer Price Index for February from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.2% increase in core CPI.