Monday, July 30, 2018

Tuesday: Personal Income and Outlays, Case-Shiller House Prices

by Bill McBride on 7/30/2018 07:14:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Edge to 2-Month Highs

Mortgage rates edged higher today, keeping alive a trend toward higher rates that began just over a week ago. While the overall amount of ground covered as a part of this move isn't necessarily alarming, it's significant because it brings us back to the highest levels since the end of May. [30YR FIXED - 4.625% - 4.75%]
emphasis added
Tuesday:
• At 8:30 AM ET, Personal Income and Outlays for June. The consensus is for a 0.4% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.2%.

• At 9:00 AM, S&P/Case-Shiller House Price Index for May. The consensus is for a 6.6% year-over-year increase in the Comp 20 index for May.

• At 9:45 AM, Chicago Purchasing Managers Index for July. The consensus is for a reading of 62.0, down from 64.1 in June.