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Uneventful Day For Rates. High Stakes Next Week

Near the end of last week, the title of the daily mortgage rate article was "Rates Right in Line With Long-Term Lows, But That Could Change on Friday."  Indeed, rates ended up jumping in a big way--the biggest in more than a year. There was no clairvoyance involved, nor was it a lucky guess.  In fact, the intention of the headline was to point out that rates could go big in EITHER direction.  It was not destined to be the case, necessarily.  All we knew is that we would receive one of the two most important monthly economic reports the following morning and that interest rates routinely react to any big surprises in that report. The report in question was the employment situation (aka "the jobs report"), and if you've read anything about mortgage rates in the past week, you've seen the damage.  The other of the two big reports is the Consumer Price Index (CPI).  That comes out this coming Tuesday morning and carries just as much potential for volatility (in EITHER direction).  To be clear, it's not incredibly likely that rates would fall as much as they jumped last week, but a low CPI reading could make for a very good day for rates.  Conversely, a high CPI reading could send rates higher at a fast pace, but also probably not as fast as last Friday's.  We have to say words like "probably" and "potential" because the reality depends on exactly how the data arrives. 

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Why Some Auto Workers Are Voting No On Historic Contract

Plus Arkansas is getting its own lithium mine and Cruise has now suspended all supervised car rides as well

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U.S. Commercial Real Estate Seems Safe From China's Troubles. That Could Change Fast.

Liquidity problems at two immensely large Chinese companies with real estate holdings are adding to concern that a bubble in Chinese property values could burst and spray the rest of the world with financial contagion. The two Chinese companies’ cash shortage hasn’t triggered a crisis like the one that erupted 15 years ago in the United States and that disrupted the global economy, after a wave of home foreclosures flattened the value of subprime mortgage-backed securities that Lehman and other banks held.

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Code's Return In Boruto Confirms He's The Franchise's Worst Villain

Code's Return In Boruto Confirms He's The Franchise's Worst Villain
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Who Is Agent Burke? Transformers Rise of the Beasts' G.I. Joe Character Explained

Who Is Agent Burke? Transformers Rise of the Beasts' G.I. Joe Character Explained
screenrant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from screenrant.com Daily Mail and Mail on Sunday newspapers.

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Scientists Are Testing Compound in Rosemary as Antiviral Treatment for COVID-19

Rosemary has served its purpose as food garnish or for medicinal use for thousands of years. As luck would have it, an investigation finds early evidence of COVID-19 treatment in the herb's compounds.

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Consumer Reports New Car Winners and Losers for This Important Safety Feature

Is owning the safest vehicle possible high on your new car shopping list? Here’s the latest on what important safety feature makes winners and losers of 5 popular auto makes. Plus, learn how CR analysts are modifying their car inspection ratings.

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Elon Musk Reiterates Tesla Could Be Bigger Than Apple As Q3 Comes To A Close

Elon Musk Reiterates Tesla Could Be Bigger Than Apple As Q3 Comes To A Close
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