From Matthew Graham at Mortgage News Daily: Mortgage Rates Modestly Higher, But Volatility Could Increase
Mortgage rates moved up today, but at a fairly tame pace in the bigger picture. The rest of the week, however, may not be as tame. There are multiple economic reports on tap with a history of impacting the bond market (which dictates rates). The data gets most serious starting on Wednesday and finally culminates with … the big jobs report. [30YR FIXED – 4.25-4.375%]
emphasis added
Tuesday:
• At 9:00 AM, S&P/Case-Shiller House Price Index for February. The consensus is for a 3.2% year-over-year increase in the Comp 20 index for February.
• At 9:45 AM, Chicago Purchasing Managers Index for April.
• At 10:00 AM, Pending Home Sales Index for March. The consensus is for a 0.6% increase in the index.