Tuesday: Industrial Production, Homebuilder Confidence
From Matthew Graham at Mortgage News Daily: Mortgage Rates Sideways to Slightly Higher
Mortgage rates were sideways to slightly higher today, depending on the lender. Underlying bond markets suggested a bit more movement, and that will likely be reflected in tomorrow morning's rate sheets unless bonds improve overnight. [30YR FIXED - 3.875-4.0%]Tuesday:
• At 9:15 AM ET, The Fed will release Industrial Production and Capacity Utilization for September. The consensus is for a 0.1% increase in Industrial Production, and for Capacity Utilization to increase to 76.2%.
• At 10:00 AM, The October NAHB homebuilder survey. The consensus is for a reading of 64, unchanged from 64 in September. Any number above 50 indicates that more builders view sales conditions as good than poor.