Mortgage Rates Slightly Higher, But Bigger Volatility is Coming

Mortgage Rates Slightly Higher, But Bigger Volatility is Coming

Mortgage rates have been remarkably well behaved since the November 10th release of the last Consumer Price Index (CPI), the monthly inflation report that has the biggest impact on the market.  The next CPI comes out next Tuesday.  Much of the time spent between these two reports could be described as an inconsequential waiting game. Today's rates happened to be a bit higher than yesterday's, but we're talking about levels of movement that are only going to matter to borrowers who are actively looking to lock a rate this week.  Even then, the changes won't be big enough for many borrowers to care. All of that changes next week, or at least it has the most potential to change next week.  The CPI report comes out on Tuesday.  If that's not enough to cause an extreme reaction in the