Rates Drop As Inflation Concerns Ease

Bonds opened up today on relaxed inflation concerns. Rates should drop by about .25 to the points. The CPI was reported for April below forecasted levels, showing that inflationary pressure at the level of the consumer is weaker than expected. This is positive news for mortgage rates, and cause the market to improve today. Tomorrow we'll receive the April Industrial Production report which will show us the strength of the manufacturing sector. Upcoming on Friday will be April Housing Starts as well as the University of Michigan's Index of Consumer Sentiment. Both reports could affect rates on Friday.

Start here to compare mortgage rates from top lenders in our network.»

More Top Stories »

Rates Up Despite No Economic News

Bonds Down on Inflation Concerns

Bonds were down today on continued concern about inflation. Rates however may remain unchanged due to strength from Monday afternoon.

Mortgage Rates Unchanged

Monday's rates were unchanged after economic news met forecasted levels. However rates could increase today by .25 to price as a result of weakness from last Friday.

Rates Rise This Week On Consistent Inflation Focus

Inflation Concerns Keep Rates Rising

June CPI Strong, Rates Up

Bonds were down this morning on stronger than expected economic data. Rates should increase by .375 to the points.

Rates Up on Inflation Concerns in FOMC Minutes

Inflation concerns and a positive day for stocks have hurt bonds today. Rates will increase by about .5 to price today.

PPI and Retail Sales Weak, Rates Down

Bonds opened higher today on economic news favorable to mortgage rates. The Dow down over 100 points currently. Rates should improve about .25 to price.

National Rates

Loan Type Today
30 Year Fixed   6.28
15 Year Fixed   5.89
5/1 Adjustable   6.11

Get Your Rates »

Rates may contain points

Compare Rates

Browse Mortgage Rates