by Calculated Risk on 7/13/2020 07:34:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Have Moved Up From Last Week's Lows

Mortgage rates definitely hit the lowest all-time lows of all-time last week, at least for conventional 30yr fixed scenarios without many risk-based adjustments. The most recently available Freddie Mac rate survey (which drives a majority of mortgage rate headlines) reported all-time lows as of last Thursday. Indeed, that was still true as of Thursday, but things have changed since then. ... Context is important here. We're not even talking about an eighth of a percentage point in interest on average (though some lenders/programs have moved by as much as .25%.) [Top Tier Scenarios 30YR FIXED - 2.93%]
emphasis added

Tuesday:
• At 6:00 AM ET, NFIB Small Business Optimism Index for June.

• At 8:30 AM, The Consumer Price Index for June from the BLS. The consensus is for a 0.6% increase in CPI, and a 0.1% increase in core CPI.