by Bill McBride on 1/30/2017 07:54:00 PM
Monday, January 30, 2017
From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Lower to Begin Week
Mortgage rates fell modestly today, keeping rates near the lower end of the range seen since January 18th. The catch is that rates moved sharply higher on the 18th, and from there, you'd have to go back to late December to see anything higher. Simply put, we're at the lower end of the recently higher range. ... 4.25% remains the most prevalent quote on top tier conventional 30yr fixed scenarios.Thursday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for November. Although this is the November report, it is really a 3 month average of September, October and November prices. The consensus is for a 5.0% year-over-year increase in the Comp 20 index for November. The Zillow forecast is for the National Index to increase 5.6% year-over-year in November.
• At 9:45 AM, Chicago Purchasing Managers Index for January. The consensus is for a reading of 55.2, up from 54.6 in December.
Posted by Bill McBride on 1/30/2017 07:54:00 PM