by Calculated Risk on 8/28/2023 08:01:00 PM

From Matthew Graham at Mortgage News Daily: Rates Relieving Some Pressure After Last Week's Highs

Mortgage rates hit fresh multi-decade highs last week with many lenders hitting the mid-7% range earlier in the week for top tier conventional 30yr fixed scenarios. There was some immediate relief on Wednesday, but things have been broadly sideways since then. ...

There are several economic reports that have a strong track record of causing volatility for rates--at least one on each of the remaining days this week. [30 year fixed 7.29%]
emphasis added

Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for June. The consensus is for a 1.1% year-over-year decrease in the Comp 20 index for June.

• Also at 9:00 AM, FHFA House Price Index for June. This was originally a GSE only repeat sales, however there is also an expanded index.

• At 10:00 AM, Job Openings and Labor Turnover Survey for July from the BLS.