Monday, April 02, 2018

"Mortgage Rates Begin April Near 2-Month Lows"

by Bill McBride on 4/02/2018 07:20:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Begin April Near 2-Month Lows

Mortgage rates moved lower today as underlying bond markets generally followed a much bigger move in stocks. ...with rates already fairly close to recent lows and with lenders generally holding back ahead of the extended holiday weekend, all it took was that modest improvement in bond markets for mortgage rates to drop to the lowest levels since early February. [30YR FIXED - 4.5%]
emphasis added
Tuesday:
• At 10:00 AM ET, Corelogic House Price index for February.

• All day, Light vehicle sales for March. The consensus is for light vehicle sales to be 17.0 million SAAR in March, down from 17.1 million in February (Seasonally Adjusted Annual Rate).