From Matthew Graham at Mortgage News Daily: MBS RECAP: New Week, New Weakness
The new week wasted very little time in reinforcing the realities of 2021. This is a rising rate environment until further notice and any rapid correction toward lower rates will take some serious motivation. … [30 year fixed 3.37%]
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for January. The consensus is for a 10.7% year-over-year increase in the Comp 20 index.
• Also at 9:00 AM, FHFA House Price Index for January 2021. This was originally a GSE only repeat sales, however there is also an expanded index.