The government’s monthly Producer Price Index report is out later today, and tomorrow the monthly Consumer Price Index report will be released.
Both will give hints as to the direction of our economy, which will effect mortgage loan interest rates, as well as many other things (such as, will you have a job in six months).
The seiche of subprime lending problems is obviously the biggest story of the day. The irony of the issue is, (some) investors are jumping out of the stock market over fears that things are going to get worse and that their investments are at risk and putting their money into bonds, instead, which is driving mortgage loan rates down.
This may have been the most-poorly written blog entry I have ever written.
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Updated: 1st Quarter 2018
