From Matthew Graham at Mortgage News Daily: Mortgage Rates Modestly Lower To Start The Week
Most mortgage lenders set rates for the first time this week on Tuesday (today) due to yesterday’s holiday. … In the bigger picture, rates are still very close to their highest levels in more than 2 months following a series of higher inflation readings last week. [30 year fixed 7.11%]
emphasis added
Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• During the day, The AIA’s Architecture Billings Index for January (a leading indicator for commercial real estate).
• At 2:00 PM, FOMC Minutes, Meeting of Meeting of January 30-31, 2024