Note: Here is Fed Chair Powell’s prepared testimony: Coronavirus and CARES Act
From Matthew Graham at Mortgage News Daily: Mortgage Rates Continue at All-Time Lows, But Caveats Remain
Mortgage rates were unchanged to slightly lower today, bringing the average lender right in line with all-time lows. [30YR FIXED – 2.95%]
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for April. The consensus is for a 3.8% year-over-year increase in the Comp 20 index for April.
• At 9:45 AM, Chicago Purchasing Managers Index for June.
• At 12:30 PM, Testimony, Fed Chair Jerome Powell, Coronavirus Aid, Relief, and Economic Security Act, Before the Committee on Financial Services, U.S. House of Representatives