From Matthew Graham at Mortgage News Daily: Mortgage Rates Move Slightly Higher, But Still Effectively at 3-Month Lows
Apart from this past Friday, you’d have to go back to September 1st to see lower mortgage rates than today. … the incoming economic data has the potential to send rates significantly higher or lower. … The first key report is CPI, the consumer price index, which serves as the most widely traded update on inflation. The last release was on November 14th and it sent rates quickly lower. [30 year fixed 7.11%]
emphasis added
Tuesday:
• At 8:00 AM ET, Corelogic House Price index for October.
• At 10:00 AM, Job Openings and Labor Turnover Survey for October from the BLS.
• Also at 10:00 AM, the ISM Services Index for November. The consensus is for 52.5, up from 51.8.