Yesterday we talked about some economic reports that may have barring on today’s rates and maybe even more Monday. The December Industrial Report was twice as bad as expected, www.bloomberg.com reported. It also reported that auto output fell to the lowest in more than a century.
The Consumer Price Index was another report that came out, and it proved to meet right about even with expectations, so that won’t help rates.
Defining Consumer Price Index– defined by Department of Labor Statistics as (CPI) program produces monthly data on changes in the prices paid by urban consumers for a representative basket of goods and services
Lets keep our fingers crossed and hope that we see a mid day change in rates for the better. The pricing for 30 and 15 year fixed loans barely edged out yesterday’s pricing and may not have been enough to shave off today’s rates by .125%, but a bettering again today or Monday by any amount should deliver a change by .125% or at best .25% for prospective refinancers and buyers.