Tuesday: CPI

From Matthew Graham at Mortgage News Daily: Mortgage Rates Have Moved Up From Last Week’s Lows

Mortgage rates definitely hit the lowest all-time lows of all-time last week, at least for conventional 30yr fixed scenarios without many risk-based adjustments. The most recently available Freddie Mac rate survey (which drives a majority of mortgage rate headlines) reported all-time lows as of last Thursday. Indeed, that was still true as of Thursday, but things have changed since then. … Context is important here. We’re not even talking about an eighth of a percentage point in interest on average (though some lenders/programs have moved by as much as .25%.) [Top Tier Scenarios 30YR FIXED – 2.93%]
emphasis added

• At 6:00 AM ET, NFIB Small Business Optimism Index for June.

• At 8:30 AM, The Consumer Price Index for June from the BLS. The consensus is for a 0.6% increase in CPI, and a 0.1% increase in core CPI.