Monday, October 29, 2018

Tuesday: Case-Shiller House Prices, Q3 Housing Vacancies and Homeownership

by Bill McBride on 10/29/2018 07:05:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Stay Near Recent Lows as Busy Week Begins

Mortgage rates didn't move today, despite a fair amount of underlying market volatility. … Holding steady today means that rates remain at their lowest levels in just over 2 weeks. That sounds like a good thing, but the catch is that we really haven't moved too far from recent highs during that time, and those are the highest highs in more than 7 years. [30YR FIXED - 4.875-5.0%]
emphasis added
Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for August. The consensus is for a 6.0% year-over-year increase in the Comp 20 index for August.

• At 10:00 AM, the Q3 2018 Housing Vacancies and Homeownership from the Census Bureau.