From Matthew Graham at Mortgage News Daily: Mortgage Rates Sideways to Slightly Lower to Start New Week
Mortgage rates didn’t change much at all over the weekend with the average lender still in the highest territory since November. The average conventional 30yr fixed rate is just under 7.5% for top tier scenarios.
Things could end up changing quite a bit by the end of this week owing to a slew of important events and economic reports. [30 year fixed 7.43%]
emphasis added
Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for February. The consensus is for a 6.7% 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 9:45 AM, Chicago Purchasing Managers Index for April. The consensus is for a reading of 45.0, up from 41.4 in March.
• At 10:00 AM, the Q1 2024 Housing Vacancies and Homeownership from the Census Bureau.