Posted To: Mortgage Rate Watch

Mortgage rates started the day modestly lower , but many lenders ended up offering mid-day improvements in response to market conditions. When it comes to rates, the bond market sets the tone. Bonds can move for a variety of reasons, but economic data is one of the quintessential inputs. If the incoming data suggests a hotter economy or higher inflation, rates tend to rise . The opposite is also true (weaker data = lower rates) as was the case today. The Bureau of Labor Statistics released the Consumer Price Index for the month of August today. This is one of the more widely-followed inflation reports. As such, rates improved when the report suggested inflation decelerated by more than expected. Rates didn’t drop too much, but they’re nonetheless back in line with their lower recent levels…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Published On: September 14, 2021 / Categories: Mortgage News /

Subscribe To Receive The Latest News

Curabitur ac leo nunc. Vestibulum et mauris vel ante finibus maximus.

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

Add notice about your Privacy Policy here.