From Matthew Graham at Mortgage News Daily: Mortgage Rates Lowest in a Week
Mortgage rates recovered even more of their recent losses today … Whether this proves to be a turning point in the bigger picture remains to be seen. Rates are in a well-established uptrend. [30YR FIXED – 4.0-4.125%]
Tuesday:
• At 9:15 AM ET, S&P/Case-Shiller House Price Index for August. The consensus is for a 6.0% year-over-year increase in the Comp 20 index for August.
• At 9:45 AM, Chicago Purchasing Managers Index for October. The consensus is for a reading of 62.0, down from 65.2 in September.
• At 10:00 AM, the Q3 Housing Vacancies and Homeownership from the Census Bureau.