The week was relatively light following the release of the prior inflation data and the FOMC rate decision. The Federal Reserve decided to keep its overnight borrowing rate unchanged and has indicated no plans to make changes in the near term.
With the inflation reports showing their cards, the Consumer Price Index has shown to be in line with expectations, but unexpectedly the Producer Price Index has come in substantially higher than expected.
Comparing mortgage rates can feel simple at first. A buyer asks a few lenders for a rate, looks for the lowest number, and assumes that is the best option. But rate quotes can be more complicated than they appear. To compare lenders fairly, you need to know what is behind the quote.
Unemployment data has been released, revealing an interesting trend: different demographic groups are facing varying, and in some cases significantly higher, levels of unemployment.