From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Lower to Start The Week
The average lender moved slightly lower in cost. The change was small enough that most borrowers will see it in the form of a modest reduction in upfront costs without any change in the quoted interest rate (relative to what the same scenario would have been quoted on Friday). [30 year fixed 6.59%]
emphasis added
Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for February. The consensus is for a 2.5% year-over-year increase in the Comp 20 index for February.
• Also at 9:00 AM, FHFA House Price Index for February. This was originally a GSE only repeat sales, however there is also an expanded index.
• At 10:00 AM, New Home Sales for March from the Census Bureau. The consensus is for 630 thousand SAAR, down from 640 thousand in February.
• At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for April.