This morning bought one of the more significant inflation metrics for the US economy through the "Incomes and Outlays" report. This report measures incomes and "outlays." This data also contains a PCE Price Index which is one of the first places the Fed looks to get an analysis on long-term, broad-spectrum inflation.
If PCE advances, it could put a fold in bond market resilience as seen yesterday and earlier this morning. Bonds are bidding to stage a bounce at technical levels that conquered the first part of 2017
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 3.97% (-0.02%).
• 15 year (FRM) rates at 3.24% (-0.02%).
• FHA 30 year Fixed rates at 3.60% (+0.00%).
• Jumbo 30 year Fixed rates at 4.17% (-0.03%).
• 5/1 ARM rates at 3.21% (-0.02%).
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