Monday, June 18, 2018

Tuesday: Housing Starts

by Bill McBride on 6/18/2018 06:46:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Little-Changed to Begin Quiet Week

Mortgage rates were sideways to slightly higher today, depending on the lender. The underlying bond market (which dictates rates) was exceptionally quiet. On the heels of last week's important events and without much on the calendar this week, markets may take a couple days to relax.

To put that in context, rates have been holding somewhat steady just below long-term highs. [30YR FIXED - 4.625%]
emphasis added
Tuesday:
• At 8:30 AM: Housing Starts for May. The consensus is for 1.309 million SAAR, up from 1.287 million SAAR in April.