Today, we remember those who lost their lives on September 11, 2001, and honor the first responders, families, and everyone affected.
Mortgage rates are showing some improvement after a difficult week. Rates have moved higher recently as markets reacted to rising oil prices, inflation concerns, and changing expectations for the Fed.
Today’s inflation report was mixed. Overall inflation came in close to expectations, but some parts of the report still showed price pressure.
What This Means
Markets are responding positively this morning, which is helping mortgage rates recover some ground. Inflation is still getting close attention, and rates can keep moving as markets weigh new information.
Looking Ahead
Next Wednesday’s Fed decision will be the main event. Markets will also watch retail sales, housing data, and jobless claims for more clues about inflation and the economy.
Miguel Terrazas
Mortgage Planner/Planificador Hipotecario // NMLS #227518
