From Matthew Graham at Mortgage News Daily: Mortgage Rates Mixed, but Higher on Average
Mortgage rates were lower today for a few lenders, but higher for most others, dragging the average 0.01% higher in terms of effective rates. Note rates (which don’t factor in the upfront costs associated with a loan quote), on the other hand, haven’t changed much in recent days, with 4.0% being the most prevalent for top tier 30yr fixed scenarios. [30YR FIXED – 3.875-4.0%]
Tuesday:
• All day: Light vehicle sales for September. The consensus is for light vehicle sales to be 16.7 million SAAR in September, up from 16.1 million in August (Seasonally Adjusted Annual Rate).
• At 10:00 AM ET, The CoreLogic House Price index for August.