July 13, 2026

Mortgage rates begin the week relatively unchanged, but that could change quickly.

This week features several key economic reports that investors watch closely when determining the direction of interest rates. While no one can predict exactly how the market will react, this week's data has the potential to create more volatility than we've experienced recently.

📊 Tuesday: Consumer Price Index (CPI)

Tuesday's Consumer Price Index is the headline event of the week.

CPI measures inflation from the consumer's perspective, and inflation remains one of the biggest factors influencing mortgage rates.

If inflation comes in lower than expected, the bond market could respond positively, which may help mortgage rates improve.

If inflation is higher than expected, mortgage rates could move higher as investors adjust expectations for future Federal Reserve policy.

🏭 Wednesday: Producer Price Index (PPI)

Wednesday brings another inflation report with the Producer Price Index, which measures inflation at the wholesale level.

Although PPI doesn't typically move markets as much as CPI, it often confirms—or challenges—the trend established the day before.

Later Wednesday, the Federal Reserve will release its Beige Book, a summary of economic conditions across the country. Investors will be looking for clues about the strength of the economy and the Fed's outlook.

🛍️ Thursday: Retail Sales & Jobless Claims

Thursday's Retail Sales report offers another important look at the economy.

Strong consumer spending can indicate continued economic growth, which sometimes puts upward pressure on mortgage rates. Weaker-than-expected spending could provide some relief for bonds and help rates stabilize or improve.

Weekly unemployment claims will also be released Thursday morning, offering another snapshot of the labor market.

🏗️ Friday: Housing Starts & Consumer Sentiment

Friday wraps up the week with Housing Starts and Consumer Sentiment.

These reports generally have less impact on mortgage rates unless the results are significantly different from expectations.

🏡 What This Means for Buyers and Homeowners

Economic reports can create short-term swings in mortgage pricing, but they shouldn't drive long-term financial decisions.

If you're actively shopping for a home, under contract, or considering a refinance, this is a good reminder that mortgage rates can change quickly when major economic data is released. Having a strategy—and understanding your options—is often more important than trying to perfectly time the market.

I'll be watching the data as it's released throughout the week and keeping a close eye on how lenders respond. If you have questions about today's market or want to discuss your financing options, I'm always happy to help.

This market update is provided for educational purposes only and should not be considered financial or lending advice. Mortgage rates and market conditions are subject to change without notice. Loan approval is subject to underwriting guidelines and program eligibility.