Forgotten Your Password?

Need to Register?

James Brooks

Rates Stable for Now

Wednesday, November 17, 2010 - Article by: James Brooks - Message

There were two reports posted this morning. The first was October's Consumer Price Index (CPI) that showed weaker than expected inflation readings. The Labor Department said that the overall CPI reading rose 0.2% and that the core data was unchanged from September's level. Both of these readings were just shy of forecasts, meaning inflationary pressures were not as strong at the consumer level of the economy as many had thought. That is good news for the bond market and mortgage rates, but did not come as too much of a surprise after yesterday's PPI numbers.

Apply Now Click Here

Related Searches:

Didn't find the answer you wanted? Ask one of your own.

Get an answer
Subscribe to our news feed.