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Monday, February 25, 2019

Tuesday: Housing Starts, Case-Shiller House Prices, Fed Chair Powell Testimony, Richmond Fed Mfg

by Calculated Risk on 2/25/2019 08:23:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Only Modestly Higher After Tariff News

Mortgage rates were very nearly unchanged today, although the average lender was just slightly higher.
Potentially more important will be congressional testimony tomorrow with Federal Reserve Chair Jerome Powell. [30YR FIXED 4.375 - 4.5%]
emphasis added
• At 8:30 AM ET, Housing Starts for December. The consensus is for 1.256 million SAAR, unchanged from 1.256 million SAAR.

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

• Also at 9:00 AM, S&P/Case-Shiller House Price Index for December. The consensus is for a 4.5% year-over-year increase in the Comp 20 index for December.

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

• Also at 10:00 AM: Testimony by Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate