Monday, September 18, 2017

Tuesday: Housing Starts

by Bill McBride on 9/18/2017 06:30:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Continue Pushing Recent Highs

Mortgage rates resumed their recent uptrend today, after taking a quick break to end the week last Friday.  The result is another push up to the highest levels in just over 3 weeks.  The average scenario is being quoted rates that are about an eighth of a point higher compared to the lows seen in early September.  The most prevalent top-tier conventional 30yr fixed rates still range from 3.875% to 4.0%, but the latter is increasingly in the spotlight.  
Tuesday:
• At 8:30 AM ET, Housing Starts for August. The consensus is for 1.173 million SAAR, up from the July rate of 1.155 million.