From Matthew Graham at Mortgage News Daily: Mortgage Rates Trying to Find a Ceiling
Mortgage rates were decidedly higher this morning, with most lenders back above last week’s highs. At the time, those were the highest rates in more than a month, although the range has been relatively narrow. Underlying bond markets improved throughout the day, however, resulting in a fair amount of lenders revising rate sheets for the better. After those revisions, rates are pretty close to yesterday’s levels. [30YR FIXED – 3.875-4.0%]
Friday:
• At 8:30 AM ET, Personal Income and Outlays for August. The consensus is for a 0.3% increase in personal income, and for a 0.1% increase in personal spending. And for the Core PCE price index to increase 0.2%.
• Early, Reis Q3 2017 Office Survey of rents and vacancy rates.
• At 9:45 AM, Chicago Purchasing Managers Index for September. The consensus is for a reading of 58.6, down from 58.9 in August.
• At 10:00 AM: University of Michigan’s Consumer sentiment index (final for September). The consensus is for a reading of 97.2, unchanged from the preliminary reading 97.6.