From Matthew Graham at Mortgage News Daily: Highest Mortgage Rates in More Than a Month
Mortgage rates may have managed to remain mostly flat last week, but they did so near their highest levels in several weeks. After moving up at a moderate pace today, they’re now at the highest levels in just over a month. After being as low as 3.375-3.5% for a top tier conventional 30yr fixed quote in early September, the average lender is now roughly 0.5% higher in rate. [Most Prevalent Rates 30YR FIXED 3.75-3.875%]
emphasis added
Tuesday:
• At 10:00 AM ET, Existing Home Sales for September from the National Association of Realtors (NAR). The consensus is for 5.45 million SAAR, down from 5.49 million in August. Housing economist Tom Lawler expects the NAR to report 5.36 million SAAR.
• Also at 10:00 AM, Richmond Fed Survey of Manufacturing Activity for October.