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Mortgage Market Update 10/11/18

Rates inched lower Thursday following yesterday’s sharp sell-off of stocks and this morning’s release of weaker than expected inflation data.  The September Consumer Price Index (CPI) rose 0.1%, below the consensus forecast of 0.2%.  Core CPI, which excludes volatile food and energy components, also rose 0.1% and was 2.2% higher year-over-year.  Weekly Jobless Claims increased to 214,000, close to expectations.  Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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