Monday, July 18, 2016

Tuesday: Housing Starts

by Bill McBride on 7/18/2016 09:11:00 PM

Tuesday:
• At 8:30 AM ET, Housing Starts for June. Total housing starts decreased to 1.164 million (SAAR) in May. Single family starts increased to 764 thousand SAAR in May. The consensus for 1.170 million, up from the May rate.

From Matthew Graham at Mortgage News Daily: Mortgage Rates Sideways to Slightly Higher

Mortgage rates remain under pressure over the past few weeks after hitting near-all-time lows in early July. With one exception, rates have been either sideways or higher every day since July 6th. In that time, they've moved up roughly an eighth of a point. Today would be easier to characterize as "sideways" for most lenders, although a few raised costs just slightly. The most prevalently-quoted conventional 30yr fixed rate for top tier scenarios remains 3.375%.
emphasis added
Here is a table from Mortgage News Daily: