Inflation data became an outcast for most of the financial crisis recovery after the long reign of the most meaningful market mover. Now inflation data matters. Many market motivators have a tendency to ignore recent track records if it has consistantly been a certain way in the past.
July was the start of the taper tantrum, and it was the first time that markets had the task of trying to make sense of the Fed removing accommodation.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 3.96% (-0.02%).
• 15 year (FRM) rates at 3.25% (-0.03%).
• FHA 30 year Fixed rates at 3.60% (-0.05%).
• Jumbo 30 year Fixed rates at 4.25% (-0.02%).
• 5/1 ARM rates at 3.15% (-0.01%).
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