by Calculated Threat on 10/07/2024 07:17:00 PM
From Matthew Graham at Mortgage Information Day by day: Highest Mortgage Charges in 2 Months
It has been a wierd and irritating couple of weeks for anybody who mistakenly believed that mortgage charges would transfer decrease after the Fed charge minimize. … Backside line, markets obtained locked into the idea that knowledge would slowly deteriorate (with plenty of weight being given to the previous few jobs reviews) solely to see the newest jobs report say “not so fast!” There is a little bit of a re-set occurring in the intervening time. We will not know precisely how large it will likely be till we get via extra econ knowledge. [30 year fixed 6.62%]
emphasis added
Tuesday:
• At 6:00 AM ET, NFIB Small Enterprise Optimism Index for September.
• At 8:30 AM, Commerce Stability report for August from the Census Bureau. The consensus is for the deficit to be $71.4 billion in August, from $78.8 billion in July.
