Monday, January 08, 2018

Tuesday: Job Openings

by Calculated Risk on 1/08/2018 07:02:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Back Near Recent Highs

Mortgage rates rose today, largely due to bond market movement from the end of last week that never made it onto last week's rate sheets. ... Lenders normally need to see a certain amount of market movement by a certain time of day before issuing mid-day reprices, and Friday's weakness wasn't quite big enough.

All that having been said, the movements in question are small enough that they're mainly affecting closing costs in most cases (as opposed to actual interest rates). As such, most borrowers are still seeing top tier conventional 30yr fixed quotes in the 4.0-4.125% neighborhood. But the closing costs associated with those rates are just about as high as they've been since early 2017.
emphasis added
• At 6:00 AM ET, NFIB Small Business Optimism Index for December.

• At 10:00 AM, Job Openings and Labor Turnover Survey for November from the BLS. Jobs openings decreased in October to 5.996 million from 6.177 in September. The number of job openings were up 7.3% year-over-year, and Quits were up 3.3% year-over-year.