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@danny.gosnell60:
God is the best
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Region: US
Friday 16 October 2026 21:00:26 GMT
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Rates hit a two-week low, then inflation ran hot (rate card below) Rates had a good run into this morning. Then the inflation report landed. Mortgage News Daily's index for a top-tier 30-year fixed closed Tuesday at 7.46%, another two-week low. This morning, core inflation (CPI minus food and energy) rose 0.3% in September, and MND says forecasters expected 0.2%. Bonds sold off, and MND expects lenders to raise rates today. MND's read: this week's lows may be the floor for now. If you're under contract and haven't locked, let's talk today about whether to lock or wait: https://calendly.com/mmcdermott-nexalending Sources: Mortgage News Daily daily rate index (10/13/26) and MBS commentary, "CPI Puts a Floor Under Recent Rate Rally" (10/14/26); U.S. Bureau of Labor Statistics, CPI September 2026 (10/14/26). Index average for top-tier borrowers, not a rate quote.
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