We look at numbers all day long and this week is no different. As I parse out the data, its easy to justify a conclusion.

The Consumer Price Index Report will be released tomorrow morning with a consensus that inflation will drop from 3.7% to 3.3%. This is partially due to decline in oil prices.

The Core inflation that strips out energy and food prices should stay flat. Shelter costs have been on the decline and are now 1.2% lower year/year.

We are holding onto rate gains like a 2 year old and their blanket.

As more data comes in this week, we hope to see continued drop in rates. Lets all be ready for 2024. Remember we do all Soft Pull credit for pre-approvals and fully underwritten pre-approvals. No harm in being proactive.