Tuesday: Case-Shiller House Prices, New Home Sales

From Matthew Graham at Mortgage News Daily: Mortgage Rates Improve Modestly From Long-Term Highs

Mortgage rates began the day right in line with Friday afternoon’s latest levels. Lenders likely would have been able to offer lower rates if the bond market hadn’t begun the day at weaker levels (bond market weakness = higher rates, all other things being equal). As the day progressed, bonds improved enough for most lenders to make positive adjustments. The so-called mid-day reprices left the average lender in just slightly better shape on the day. [30 year fixed 3.27%]
emphasis added

Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for August.  The consensus is for the Composite 20 index to be up 20.1% year-over-year.

• Also at 9:00 AM, FHFA House Price Index for August. This was originally a GSE only repeat sales, however there is also an expanded index.

• At 10:00 AM, New Home Sales for September from the Census Bureau. The consensus is for 760 thousand SAAR, up from 740 thousand in August.

• Also at 10:00 AM, Richmond Fed Survey of Manufacturing Activity for October.

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