by calculated risk March 11, 2024 07:52:00 PM
Mortgage interest rates reached their highest level in about a month by the end of last week, after declining for four consecutive days. If there's one takeaway from today, it's that while interest rates didn't extend their winning streak, they're still very close to Friday's levels, and far above the average borrower's concern. It means that there is.
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(A) Tomorrow's CPI will attract attention. If rates are significantly higher or lower than expected, interest rates are likely to react significantly. (Fixed for 30 years 6.87%)
Emphasis added
Tuesday:
• 6 a.m. ET, NFIB. Small Business Optimism Index For February.
• At 8:30 a.m.; February consumer price index From BLS. The consensus is for CPI to rise by 0.4% and core CPI to rise by 0.3%. The consensus is that CPI will rise 3.1% year-on-year (YoY) and core CPI will rise 3.7% YoY.