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Tuesday, May 16, 2017

Wednesday: Q1 2017 Household Debt and Credit Report

by Calculated Risk on 5/16/2017 07:38:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Back at 2-Week Lows

Compared to yesterday, mortgage rates are either a little bit higher or lower depending on the lender at the moment.  On average, they've inched just past last Friday's levels, meaning they're the lowest in 2 weeks.

As nice as that sounds, it's worth noting that we're really splitting hairs here.  Most anyone pricing out a mortgage right now won't see any difference in their rate quote over the past few days.  The biggest drop occurred last Friday and we haven't seen appreciable movement since then.   Most lenders continue to quote conventional 30yr fixed rates in a range of 4.0-4.25% for top tier scenarios, with 4.125% being the most /> emphasis added
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 11:00 AM, The New York Fed will release their Q1 2017 Household Debt and Credit Report