From Matthew Graham at Mortgage News Daily: No, Mortgage Rates Are No Longer "Sharply Lower" This Week!



Mortgage rates were sharply higher today, with the average 30yr fixed rate quote rising by almost an eighth of a percentage point in some cases. A move of that magnitude in one day is the sort of thing that only happens a few times a year. [Most Prevalent Rates 30YR FIXED - 3.75%]

emphasis added

Friday:• At 8:30 AM ET, Thefrom the BLS. The consensus is for a 0.2% increase in PPI, and a 0.2% increase in core PPI.