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Sacramento Mortgage Rate Update

CPI

The 30 year fixed rate closed the week unchanged at 6%.

Behind the Numbers

In a quiet week, largely devoid of significant economic reports, the main excitement was Wednesday’s CPI report which came in higher than expected at 0.2%.

The core CPI rate also rose more than expected at 0.3%, and the January year over year rose to 2.7%. This last little piece of data suggests a trend toward higher inflation that bothered both the stock and bond markets and temporarily

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Posted by Marc Brinitzer on 02/24/2007 07:13 PM

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