- The Consumer Price Index rose slightly in July, but inflation is still not a concern. Inflation leads to higher rates, so no risk of inflation helps rates remain low.
- Problems in China's economy and low oil prices are causing global concern. Mortgage bonds are benefitting from the weakness, supporting lower rates
- Housing starts rose to a near 8-year high in July, led by construction of single-family homes. A strong housing market indicates an improving economy.
- Building permits were down slightly in July, but that follows three straight months of hefty increases. Permits are expected to improve again for August.
Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.