Mortgage Report: Week of May 15th - 19th
Posted on May 16, 2006 at 10.57 AM
After last weeks hike in rates, all is dependent on the news this week. Inflation is the arch enemy of Mortgage bonds and home loan rates. The Producer price index comes out Tuesday and the Consumer Price Index comes out Wednesday. If the market shows signs of heated inflation, home loan rates will likely worsen. If inflation appears to be controlled, the markets will breathe a sigh of relief and rates may see some moderate improvement.
