Скачать или смотреть Economic Data(CPI) and Mortgage Rates (8/14/24)

Today, we saw the release of crucial economic data that has the potential to significantly impact mortgage rates. A variety of economic reports guide investors and influence Federal Reserve policy, which in turn affects investor decisions. This dynamic causes fluctuations in the bond market, leading to daily changes in interest rates.
Among these reports, some have a more pronounced effect on rates. The Consumer Price Index (CPI) often causes the largest swings each month. However, August's CPI report aligned with market expectations, resulting in minimal market and rate movement—especially for a CPI day.
Bonds saw a modest improvement, causing the top-tier conventional 30-year fixed-rate index to dip just below 6.5%.
Looking ahead, other economic data will continue to influence the market, for better or worse. Tomorrow's Retail Sales data poses the biggest volatility risk for this week. However, we won't see the next major data releases until early September with the jobs report, followed by the next CPI report the following week. Stay tuned for more updates!