Rate sheets this morning showed slight improvements with some lenders, but ultimately rates remain the same and should hold through today.
Wholesale inflation came in higher than expected for January, but bonds had only a momentary reaction to the news. It’s become the “new normal” for rates to hold steady, with minimal daily movement. It’s easy to think this will always be the case, but we know it’s finite.
Next week could see rates push to new lows for the year, depending on the labor data release and market reaction. This could signal possible interest rate improvements on the pricing sheets next week.
You’ll notice very little movement in the rates this week; this is the stability we’ve been trumpeting and all have been craving.