Monday, August 21, 2017

"Mortgage Rates Steady at 2017 Lows"

by Bill McBride on 8/21/2017 05:11:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Steady at 2017 Lows

Mortgage rates held steady to start the new week.  This keeps them in line with the best levels since November 2016.  There were no interesting developments in financial markets or in terms of economic data today. ...

3.875% remains the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios, although quite a few lenders remain at 4.00%.
Tuesday:
• At 9:00 AM ET, FHFA House Price Index for June 2017. This was originally a GSE only repeat sales, however there is also an expanded index.

• At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for August.

• Also expected at 10:00 AM (not confirmed), Q2 MBA National Delinquency Survey.