From Matthew Graham at Mortgage News Daily: Mortgage Rates Start Slow, But Risks Increase Throughout The Week



Mortgage rates moved back down, albeit just slightly, into last week's range. … Bigger changes will require bigger swings in the underlying bond market. The potential for such changes increases exponentially throughout the week as a slew of important data and events hit the wires. Headliners include Wednesday's Fed rate decision and Friday's big jobs report. [Most Prevalent Rates 30YR FIXED - 3.875%]

emphasis added

Tuesday:• At 8:30 AM ET,. The consensus is for a 0.3% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.2%.• At 9:00 AM,for May. The consensus is for a 2.6% year-over-year increase in the Comp 20 index for May.• At 10:00 AM,for June. The consensus is for a 0.3% increase in the index.