From Matthew Graham at Mortgage News Daily: Mortgage Rates Starting The Week Closer to Recent Highs
Mortgage rates moved moderately higher to begin the new week, but they remained just under the highest recent levels seen last Thursday. Many lenders were closer to ‘unchanged’ at the outset but were then forced to issue mid-day increases in response to weakness in the bond market.
…
Some of this week’s data could have an impact, but next week’s data represents a much bigger risk (or opportunity). [30 year fixed 7.13%]
emphasis added
Tuesday:
• At 8:30 AM ET, Durable Goods Orders for January from the Census Bureau. The consensus is for a 4.5% decrease in durable goods orders.
• At 9:00 AM, FHFA House Price Index for December 2023. This was originally a GSE only repeat sales, however there is also an expanded index.
• Also at 9:00 AM, S&P/Case-Shiller House Price Index for December. The consensus is for a 5.5% year-over-year increase in the National index for December, up from 5.1% in November.
• At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for February.