From Matthew Graham at Mortgage News Daily: Mortgage Rates Still Sideways Ahead of Key Inflation Data
Mortgage rates were roughly unchanged again today. Some lenders were slightly higher in rate, but not enough to affect the average. Underlying bond markets (which dictate rates) have been eerily calm so far this week, ostensibly with an eye on tomorrow morning’s big inflation report. [30YR FIXED – 4.5%]
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 March from the BLS. The consensus is for no change in CPI, and a 0.2% increase in core CPI.
• At 2:00 PM, FOMC Minutes for the Meeting of March 20-21, 2018