Mortgage Rates End Week at Best Levels

Mortgage rates are experiencing increased volatility at the end of this week, which was to-be-expected given the calendar of events and economic data. Fortunately, the volatility worked in favor of lower rates this morning after Retail Sales and a key consumer inflation report both came in lower than expected. In general, weaker economic data coincides with rates moving lower. Investors are particularly interested in inflation data at the moment as it seems to be the Fed’s biggest hang-up when it comes to removing “accommodation” (a broad term that refers to the level of the Fed Funds Rate and the Fed’s bond buying policies). A removal of accommodation could take the form of a Fed rate hike …
Mortgage Rates Newsletter – Market Analysis

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