Tuesday, January 22, 2019

Wednesday: Richmond Fed, Architecture Billings Index

by Bill McBride on 1/22/2019 07:31:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Dodging Some Risk For Now

As it happened, bonds staged a somewhat impressive recovery with help from investor concern about global growth. Oftentimes, a big loss in equities markets can send money running to the bond market where it benefits interest rates. This was the case overnight with Chinese stocks leading the way. The strong start in bonds allowed lenders to keep rates roughly unchanged and--in some cases--slightly lower. [30YR FIXED - 4.5%]
emphasis added
Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 9:00 AM, FHFA House Price Index for November 2018. This was originally a GSE only repeat sales, however there is also an expanded index.

• At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for January.

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