Consumer Price Index (CPI) coming out tomorrow at 7:30 am cst. Market expects Ex Food and Energy 0.4% monthly increase and 5.5% for a year . With Food and Energy 0.4% monthly and 6.0% yearly.
7:28 AM : The NFIB Small Business Optimism Index increased by 0.6 points in February to 90.9, which was above expectations of 90.4.
7:39 AM : The Consumer Price Index (CPI), which measures inflation on the consumer level, was reported at 0.4% for the month, and decreased by 0.4% to 6% year over year, in line with expectations. The Core CPI Rate, which strips out food and energy prices, increased by 0.1% for February, which was above the 0.4% estimate, and decreased by 0.1% to 5.5% year over year, also in line with expectations.
For more information click: Yahoo Article on CPI
7:40 am cst - Reaction Mortgage Bond yields are higher and the 10 year Treasury is up 3 bp to 3.5790% from yesterday’s close of 3.545%.
Year to date high for the 10 year treasury 4.062% 3/02/23
Year to date low for the 10 year treasury 3.368% 1/18/23.
Stay tuned for more information during the day.
For updates click: John's Blog on Mortgage Rates and Residential Real Estate
To apply for a mortgage click: John's online application
Feel free to call or text John Marbury at 205-266-5669, or email john.marbury@colonybank.com.
John Marbury
Mortgage Banker
Residential Lending
Cell 205-266-5669
2100 Southbridge Parkway, Suite 650
Birmingham AL 35209
john.marbury@colonybank.com
NMLS# 740833
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