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Mortgage Rates Steady to Slightly Lower Ahead of Big Inflation Report

Mortgage Rates Steady to Slightly Lower Ahead of Big Inflation Report

After spiking to the highest levels in over a month last Monday, rates have held eerily steady.  To be fair, the steadiness started the following day after a moderate recovery that took the average conventional 30yr fixed rate from just over 7% to just below.   To put all of the above in perspective, that rate jumped by 0.41% from Thursday, Feb 1 though Monday, Feb 5.  The following day saw a decent correction of 0.08%, but the day over day change has been limited to 0.02% since then. If any event on the calendar has the power to change this calm, sideways slide, it's Tuesday morning's Consumer Price Index (CPI).  This is the biggest inflation report of any given month and one of the two biggest economic reports (the other being the jobs report that started that 0.41% jump just over
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