Mortgage Market Update 3/29/18

Mortgage rates inched lower Thursday as newly released economic data came in close to expectations.  This morning, the February Core PCE price index, the Fed’s preferred measure of inflation, rose 0.2%, matching forecast, and was a tame 1.6% higher than one year ago.  Weekly Jobless Claims fell to 215,000, a bit lower than expected, to the lowest level since January 1973.  Consumer Sentiment declined slightly to 101.4 from 102.0.  Mortgage markets will close today at 2:00 PM and will be closed tomorrow in observance of Good Friday.

Leave a Reply

Your email address will not be published.

Back to top