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Monday, March 18, 2024

Tuesday: Housing Starts

by Calculated Risk on 3/18/2024 07:24:00 PM

Mortgage Rates From Matthew Graham at Mortgage News Daily: Mortgage Rates Inch to March Highs

Rates marched higher to the highest levels in March today, but most lenders are only microscopically worse off than Friday afternoon. In the slightly bigger picture rates have moved up roughly a quarter of a percent in just over a week and that's a relatively quick move.
...
We already know the Fed will not be cutting rates. We don't know how they'll adjust their rate outlook for the rest of the year. [30 year fixed 7.11%]
emphasis added
Tuesday:
• At 8:30 AM ET, Housing Starts for February. The consensus is for 1.435 million SAAR, up from 1.331 million SAAR.