Mortgage Rates Braced For Impact From Upcoming Events
The week began in fairly uneventful fashion for mortgage rates , at least in the bigger picture. In the smaller picture, there was a modicum of drama as the average lender was compelled to raise costs slightly in the middle of the day due to deteriorating market conditions. But those changes pale in comparison to the volatility that may be seen in the coming days as the market digests the long-awaited Consumer Price Index (CPI) tomorrow morning.
Then a day later, we'll get the next rate hike from the Fed--likely a bit smaller than the previous hike--as well as the quarterly update on the Fed's rate hike outlook. The Fed festivities will end with a press conference with Fed Chair Powell, which will give him a chance to clarify any overly-presumptuous reaction to the forecasts or th
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