Fixed and ARM rates open even this week, and should remain stable until later in the week. The biggest report is the Consumer Price Index on Friday, which will be the last consumer inflation reading the markets and the Fed will have before the Fed’s next rate-setting meeting next Wednesday (9/20). If this number is
September 2006
Fixed and ARM rates are down about .25% over the past two weeks, and with Labor Day now behind us, the big question is: Will housing fall further this Fall? There’s certainly many clever press headlines to be written on the topic, but a headline is meant to sell a story for a few days.