Looking ahead this week

We have a couple of economic reports due this week that could have an impact on mortgage rates; the core Consumer Price Index is due tomorrow and the Industrial Production report is due Wednesday. If either comes in below expectations we should see an easing of interest rates. If the CPI shows the economy powering through the higher interest rates, we may see more inflation develop and rates will likely move higher. Industrial Production may get a boost as their is some evidence of decreasing retail stock levels; we will see soon enough.