Monday, January 22, 2018

"Mortgage Rates Set Another 9-Month High"

by Bill McBride on 1/22/2018 05:05:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Set Another 9-Month High

Mortgage rates pushed up to yet another 9-month high today--something that's become all too common in the past few weeks. Just as troubling is the fact that 10yr Treasury yields--the bigger, more important neighbor that shares the street with mortgage rates--are operating at their highest levels since early 2014. Mortgage rates aren't directly tied to Treasury yields, but big momentum in Treasuries tends to spill over. [30YR FIXED - 4.25-4.375%]
emphasis added
Tuesday:
• At 10:00 AM ET, Richmond Fed Survey of Manufacturing Activity for January.

• Also at 10:00 AM, State Employment and Unemployment (Monthly) for December 2017 (might be delayed)