Producer Price Index (PPI)
March's Producer Price Index (PPI) will also be posted early tomorrow morning. It measures inflationary pressures at the producer level of the economy. If inflation is rapidly rising, bonds become less appealing to investors, leading to bond selling and higher mortgage rates. However, inflation isn’t a concern in the current economic situation. Accordingly, unless it shows a huge surprise it likely will not have a noticeable influence on mortgage rates.