Tuesday was the CPI (Consumer Price Index) which was unchanged but with the core rate up 0.2% – the mortgage rates did not move.

Thursday the PPI (Producer Price Index) was down 0.1% and the core number was up 0.2%. Weekly jobless claims were up 4000.  All together this is “bad” economic news and therefore slightly good for interest rates.

Friday, January’s industrial production drops 0.6% and capacity utilization drops to 78.2% – this is neutral to slightly good news for rates but not for jobs or economic growth.

All in all news was not exciting enough to move the rates in either direction.


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