by Bill McBride on 1/09/2017 07:44:00 PM
Monday, January 09, 2017
From Matthew Graham at Mortgage News Daily: Mortgage Rates Recover Most of Friday's Losses
Mortgage rates recovered much of Friday's losses today, moving back near the lowest levels in more than a month. To be fair, that's a claim they could have made on Friday, which was still the 2nd best day in a month despite the deterioration vs Thursday. 2017 has consequently been "so far, so good" for rates. When combined with the 2nd half of December, rates are a quarter of a point lower on average, and as much as a half point lower at certain lenders.Tuesday:
The most prevalent conventional 30yr fixed rate remains 4.125% on top tier scenarios.
• At 6:00 AM, NFIB Small Business Optimism Index for December.
• At 10:00 AM, Job Openings and Labor Turnover Survey for November from the BLS. Jobs openings decreased in October to 5.534 million from 5.631 million in September.
Posted by Bill McBride on 1/09/2017 07:44:00 PM