Mortgage rates stayed near 6.25 percent this week, but gradually improved in the face of upward pressure from all news.

January economic data have been red hot, but so was the weather, and we really can’t tell the extent of distortion by the warmth. The employment gain, the best month for retail sales in five years, the surge in new-home starts and construction permits, today’s wholesale “core” prices up by double the Fed’s target — that combination should have pushed long-term rates to new highs.

Did not.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top