Here's today's rate update:

30-year fixed: 6.68% 15-year fixed: 6.20% 10-year Treasury: 4.56% Average rates from mortgage news daily

Rates held perfectly flat today at 6.68% after the spike that started with Friday's jobs report and carried into yesterday.

War headlines bounced things around midday (oil jumped on news that Iran shot down a US helicopter), but the bond market held steady and lenders didn't have to reprice.

Tomorrow we get CPI, which is the first of the two government inflation reports. If it comes in hotter than expected, rates go up. Cooler, rates go down. Market is already priced for the forecast, so it's the surprise that moves things.

I write educational posts on buying your home for the first time at r/NewbHomebuyer

Originally shared by u/SamTMortgageBroker in r/NewbHomebuyer — view the original thread.