Mortgage Rates Still Near 2 Month Lows
Excitement, volatility, non-stop action... concepts that have absolutely nothing to do with mortgage rate movement over the course of the past two weeks. In fact, since rates plummeted in response to the November 10th CPI data, they've been as flat as we've seen in 2022.
This is the goal for financial markets and mortgage rates as they traverse a time frame like the Thanksgiving holiday, but it's also a byproduct of relevant events. Specifically, inflation data dominates the landscape. It was no surprised to see a big reaction to the CPI data 2.5 weeks ago, and markets may largely be waiting for the next installment before the next substantial shift in rates.
This doesn't mean rates will remain as flat as they have been--only that they may resist moving too far in either direct
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