From Matthew Graham at Mortgage News Daily: Low Rates Unfazed by a Bit of Market Weakness
Mortgage rates held their ground fairly well today, despite the fact that underlying bond markets were weaker.
…
All of the nuts and bolts above notwithstanding, the average lender remains in line with the lowest rates in a year. Only January 31st saw anything better, and it wasn’t much better! [30YR FIXED 4.375 – 4.5%]
emphasis added
Tuesday:
• At 6:00 AM ET, NFIB Small Business Optimism Index for January.
• At 10:00 AM, Job Openings and Labor Turnover Survey for December from the BLS. Jobs openings decreased in November to 6.888 million from 7.131 million in October.
• At 11:00 AM, NY Fed: Q4 Quarterly Report on Household Debt and Credit
• At 12:45 PM, Speech by Fed Chair Jerome Powell, Economic Development in High Poverty Rural Communities, At the Hope Enterprise Corporation Rural Policy Forum, Itta Bena, Miss.