From Matthew Graham at Mortgage News Daily: Mortgage Rates Barely Budge To Start The New Week
The average lender is right in line with the rates seen on Friday (which are still substantially lower than the rates seen on the previous Friday). In fact, the average lender is still roughly a quarter of percent lower versus July 6/7. [30 year fixed 6.90%]
emphasis added
Tuesday:
• At 8:30 AM ET, Retail sales for June is scheduled to be released. The consensus is for 0.5% increase in retail sales.
• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for June. The consensus is for a no change in Industrial Production, and for Capacity Utilization to decrease to 79.5%.
• At 10:00 AM, The July NAHB homebuilder survey. The consensus is for a reading of 55, unchanged from 55. Any number above 50 indicates that more builders view sales conditions as good than poor.