From Matthew Graham at Mortgage News Daily: Great Day For Mortgage Rates, But There’s a Catch Mortgage rates added to last week’s friendly rebound with their best single-day drop in more than a month today. Weak economic data in Europe and tepid domestic data helped drive demand in safe-haven bond markets. [Most Prevalent Rates...
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Weekend:• Schedule for Week of September 1, 2019 Tuesday:• At 10:00 AM, ISM Manufacturing Index for August. The consensus is for the ISM to be at 51.5, up from 51.2 in July. • Also at 10:00 AM, Construction Spending for July. The consensus is for a 0.3% increase in construction spending From CNBC: Pre-Market...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Miraculously Flat Despite Massively Lower Treasury Yields Mortgage rates were unchanged to slightly higher today … despite a substantial drop in Treasury yields, mortgage rates are stuck in the mud. emphasis added Tuesday:• At 6:00 AM ET,...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Under Some Pressure Mortgage rates began the day in slightly lower territory compared to last Friday afternoon, but they’d risen noticeably from Wednesday to Friday. The recovery seen this morning wasn’t enough to get them back in line with Wednesday’s levels. To make matters slightly...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Stay Flat, But Risks Will Increase From Here Mortgage rates were only modestly higher today. Most lenders were still quoting the same rates compared to Friday with the only difference being slightly higher upfront costs. This means the rate at the top of the average...
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Tuesday:• At 9:00 AM, S&P/Case-Shiller House Price Index for March. The consensus is for a 2.5% year-over-year increase in the Comp 20 index for March. • At 9:00 AM, FHFA House Price Index for March 2019. This was originally a GSE only repeat sales, however there is also an expanded index. • At 10:30...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Modestly Higher to Start The Week Mortgage rates were higher again on Monday, but just barely. The average lender was still in worse shape on Tuesday or Wednesday of last week when rates were the highest they’d been in about a month. [30YR FIXED -...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Surge 0.125% Higher Mortgage rates spiked quickly today, capping a 3-day run leading back up from the lowest levels in more than a year. Today’s move was by far the biggest and it leaves the average lender offering rates that are at least an eighth...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Start Week Near Long-Term Lows Mortgage rates were roughly unchanged to begin the week. That means they are staying in line with the lowest levels in more than a year. Only 2 or 3 days have been any better, depending on the lender, and the...
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Weekend:• Schedule for Week of February 17, 2019 Tuesday:• 10:00 AM, The February NAHB homebuilder survey. The consensus is for a reading of  59, up from 58. Any number above 50 indicates that more builders view sales conditions as good than poor. From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 and DOW futures...
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