by Calculated Risk on 11/25/2024 07:16:00 PM
From Matthew Graham at Mortgage News Daily: Mortgage Rates Near Lowest Levels in a Month
Last Monday, mortgage rates were near the highest levels in more than 3 months. A week later, and the average lender is right in line with the lowest levels in more than a month.
…
The average top tier 30yr fixed mortgage rate fell back below 7% with today’s move, but not by much. This means many borrowers will still be seeing rates in the low 7s, even for top tier scenarios. [30 year fixed 6.93%]
emphasis added
Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for September. The National index was up 4.2% YoY in August and is expected to increase about the same in September.
• Also at 9:00 AM, FHFA House Price Index for September. This was originally a GSE only repeat sales, however there is also an expanded index. The Conforming loan limits for next year will also be announced.
• At 10:00 AM, New Home Sales for October from the Census Bureau. The consensus is for 730 thousand SAAR, down from 738 thousand in September.
• Also at 10:00 AM, Richmond Fed Survey of Manufacturing Activity for November. This is the last of the regional Fed manufacturing surveys for November.
• At 2:00 PM, FOMC Minutes, Minutes Meeting of November 6-7, 2024
