09/12/2022
๐ก ๐๐ผ๐ฟ ๐๐ต๐ฒ ๐๐ฒ๐ฒ๐ธ ๐ผ๐ณ ๐ฆ๐ฒ๐ฝ๐๐ฒ๐บ๐ฏ๐ฒ๐ฟ ๐ญ๐ฎ, ๐ฎ๐ฌ๐ฎ๐ฎ
๐ฅ๐ฒ๐ฐ๐ฎ๐ฝ ๐ผ๐ณ ๐น๐ฎ๐๐ ๐๐ฒ๐ฒ๐ธ: ๐ฅ๐ฎ๐๐ฒ๐ ๐ถ๐บ๐ฝ๐ฟ๐ผ๐๐ฒ๐ฑ ๐๐น๐ถ๐ด๐ต๐๐น๐ ๐
Last week rates moved almost exactly as we forecasted they would. Average mortgage rates moved higher on Tuesday after the long holiday weekend, matching recent highs, but quickly improved to end the week slightly better as markets adjusted to the idea that the Fed will continue to be aggressive in fighting inflation.
๐ ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐ฅ๐ฎ๐๐ฒ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐: ๐๐ผ๐ผ๐ธ๐ถ๐ป๐ด ๐ณ๐ผ๐ฟ ๐ฟ๐ฎ๐๐ฒ๐ ๐๐ผ ๐ถ๐บ๐ฝ๐ฟ๐ผ๐๐ฒ ๐
Mortgage rates this week are in a position to move lower, but whether they do or not will depend on the inflation data that comes in this week. Tuesday's consumer inflation report is expected to show that inflation has slowed in August after falling slightly in July. If the report comes in as expected, it is likely to help mortgage rates to move at least slightly lower.
๐๏ธ ๐ช๐ต๐ฎ๐'๐ ๐ฎ๐ณ๐ณ๐ฒ๐ฐ๐๐ถ๐ป๐ด ๐ฟ๐ฎ๐๐ฒ๐ ๐๐ต๐ถ๐ ๐๐ฒ๐ฒ๐ธ:
- Inflation data: Tuesday we get the consumer inflation data, and Wednesday we get wholesale inflation data. Signs of easing inflation would help rates improve, but any surprises showing inflation isn't slowing would pressure rates to move higher.
- Europe's economy: Concerns about surging energy costs overseas and the implications on global inflation could be bad for rates here in the U.S.