by Bill McBride on 4/17/2017 07:45:00 PM
Monday, April 17, 2017
From Matthew Graham at Mortgage News Daily: Mortgage Rates Fairly Steady Near 2017 Lows
For the third day in a row, mortgage rates set new 2017 lows this morning. But as bond markets weakened into the afternoon, several lenders recalled rate sheets for "negative reprices." This brought the afternoon's rate sheet offerings back in line with those seen on Thursday afternoon. Although that's slightly worse than this morning, rates are still effectively at 2017 lows.Tuesday:
The average lender continues to quote 4.0% on top tier conventional 30yr fixed scenarios. Any changes from Thursday would be seen in the form of slightly higher upfront costs. Many borrowers will see no difference.
• At 8:30 AM ET, Housing Starts for March. The consensus is for 1.262 million, down from the February rate of 1.288 million.
• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for March. The consensus is for a 0.4% increase in Industrial Production, and for Capacity Utilization to increase to 76.0%.
Posted by Bill McBride on 4/17/2017 07:45:00 PM