Monday, January 23, 2017

Tuesday: Existing Home Sales

by Bill McBride on 1/23/2017 06:54:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Erase Last Week's Losses

Mortgage rates fell somewhat significantly today, fully offsetting last week's rise. Specifically, today's average rates are back in line with those seen on Friday ... 4.125% is back in play, now sharing relatively equal territory with 4.25% as the two most prevalently-quoted conventional 30yr fixed rates on top tier scenarios.
emphasis added
Tuesday:
• At 10:00 AM ET, Existing Home Sales for December from the National Association of Realtors (NAR). The consensus is for 5.54 million SAAR, down from 5.61 million in November. Housing economist Tom Lawler expects the NAR to report sales of 5.55 million SAAR in December.

• Also at 10:00 AM, Richmond Fed Survey of Manufacturing Activity for January.

• Also at 10:00 AM, Regional and State Employment and Unemployment (Monthly) for December 2016