by Calculated Risk July 8, 2024 7:26 PM
From Matthew Graham of Mortgage News Daily: Mortgage rates decline modestly to start new week
As far as economic reports go, the CPI is the most important indicator for interest rates. Thursday’s release will be very interesting as it has a chance to confirm the encouraging changes seen in last month’s data. If confirmed, it should easily push interest rates up into the six range.30-year fixed rate 7.01%)
Add emphasis
Tuesday:
• 6 a.m. ET, NFIB Small Business Optimism Index For June.
• 10 am, Testimony of Federal Reserve Chairman Jerome Powell Semiannual Monetary Policy Report to ParliamentU.S. Senate Committee on Banking, Housing, and Urban Affairs
