From Matthew Graham at Mortgage News Daily: Mortgage Rates Roughly Unchanged Over The Weekend
Mortgage rates held fairly steady over the weekend. That wasn’t necessarily destined to be the case as the underlying bond market suggested another mover higher earlier this morning. But bonds rallied after an important economic report on the services sector suggested slower growth (bonds tend to improve in response to weaker cues on the economy and inflation). … With the next major inflation report (CPI) and the next Fed rate announcement on Tuesday and Wednesday next week, rates might not be inclined to make a big run in either direction between now and then. [30 year fixed 6.89%]
emphasis added
Tuesday:
• At 8:00 AM ET, CoreLogic House Price index for April.