Happy Tax Day everyone!

The Consumer Price Index rose 0.2% in March, double the analysts expectations, but right in line with policy makers’ target increase to keep inflation growing at 2.0-2.5% per year.

NAHB Housing Index is still below the “contented” line of 50, measuring a 47 in March.

While I was in San Diego last week, MBS staged a little rally.  Trading days saw a lot of volatility and Conventional loans benefitted at the end of the week, dropping 1/8% in interest rate.