HomeLoans Blog

So far so good with the recent, slight, improvement in the mortgage bond market. We are far from regaining the low rates that everyone enjoyed even in December, not to mention way back in November.

This week we have some very important economic reports due that may push bonds, and mortgage rates, either way. The most important of the reports are the Producer Price Index tomorrow, and the Consumer Price Index on Thursday.

It is tough to predict which way the reports will swing, but today's Retail Sales figures were a little surprisingly low. In fact the numbers with Retail Sales seem to be developing into a downward trend.

Anyway, I at least hope that the longer term trend of increasing rates since November has been slowed down.