Monday, August 13, 2018

Tuesday: Q2 Quarterly Report on Household Debt and Credit

by Bill McBride on 8/13/2018 06:51:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Hold Steady at 3-Week Lows

Mortgage rates stayed steady at the lowest levels in more than 3 weeks as financial markets are still accounting for additional risks relating to Turkey. Simply put, Turkey is in the midst of a debt/currency/banking crisis and investors are worried about some sort of domino effect among banks that are heavily invested in Turkish banks. All this is worth a bit of "safe-haven" demand for US Treasuries, which offer essentially risk-free returns and a liquid place to park money temporarily. [30YR FIXED - 4.625% - 4.75%]
emphasis added
Tuesday:
• At 6:00 AM ET,: NFIB Small Business Optimism Index for July.

• At 11:00 AM,: NY Fed: Q2 Quarterly Report on Household Debt and Credit