Tuesday, September 18, 2018

Wednesday: Housing Starts

by Bill McBride on 9/18/2018 07:30:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Officially Highest in at Least 5 Years

Things are slightly worse for mortgage rates, which only generally follow the 10yr Treasury yield … today's rates are the highest in at least 5 years for some lenders (there were a few days in the middle of September 2013 that were worse) and the highest in 7 years for any other lenders. In both cases, we're talking about average conventional 30yr fixed quotes of 4.75% to 4.875% for top tier scenarios.
emphasis added
Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 8:30 AM, Housing Starts for August. The consensus is for 1.240 million SAAR, up from 1.168 million SAAR.

• During the day, The AIA's Architecture Billings Index for August (a leading indicator for commercial real estate).