Thursday, March 21, 2019

Friday: Existing Home Sales

by Calculated Risk on 3/21/2019 08:54:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Move Deeper Into Long-Term Lows

Granted, we're not back to the sub-4% mortgage rates that dominated much of the past 8 years, but breaking into the high 3% range is a valid consideration after the past few days. Yesterday's surprising Fed news hit the rates that were already holding near their lowest levels in well over a year. The net effect has been a decisive break lower with the average lender easily able to offer 4.375% on a typical 30yr fixed scenario. Many lenders are at 4.25% … [30YR FIXED - 4.375%]
• At 10:00 AM, Existing Home Sales for February from the National Association of Realtors (NAR). The consensus is for 5.08 million SAAR, up from 4.94 million. Take the over!

• At 10:00 AM, State Employment and Unemployment (Monthly) for February 2019