Inflation was the headline economic data point this week. One report was right in line; another was a bit higher than expected but had minimal impact on rates. All in all, we will end the week pretty much right where we started at 6.25% for our best 30-year fixed conventional rate.

It was a quiet week for mortgage news. There wasn’t much going on as far as economic news goes, so markets were very calm. We are still at 6.25% for our best 30-year fixed conventional scenario.

Mortgage rates finally started to move off center this week and they moved in a favorable direction. We moved down to 6.25% for our best 30-year fixed conventional scenario.

It was a pretty quiet week for economic data this week with mortgage bond trading in a pretty narrow range this week. Not a lot of movement in the markets so rates will end the week right where we started at 6.375% for our best 30-year fixed conventional scenarios.

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