Mortgage rates are fresh off their best week since at least July and their best winning streak (in terms of consecutive days moving lower) in well over a year. The price of admission happened to be the highest rates in more than 20 years, so the recent improvements were really nothing more than a balancing act. … [30 year fixed 7.13%]
• At 8:00 AM ET, Corelogic House Price index for September.
• At 10:00 AM, ISM Manufacturing Index for October. The consensus is for 49.9, down from 50.9.
• Also at 10:00 AM, Construction Spending for September. The consensus is for 0.5% decrease in spending.
• Late, Light vehicle sales for October. The consensus is for sales of 14.3 million SAAR, up from 13.5 million SAAR in September (Seasonally Adjusted Annual Rate).