Monday, July 29, 2019

Tuesday: Personal Income & Outlays, Case-Shiller House Prices, Pending Home Sales

by Calculated Risk on 7/29/2019 07:23:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Start Slow, But Risks Increase Throughout The Week

Mortgage rates moved back down, albeit just slightly, into last week's range. … Bigger changes will require bigger swings in the underlying bond market. The potential for such changes increases exponentially throughout the week as a slew of important data and events hit the wires. Headliners include Wednesday's Fed rate decision and Friday's big jobs report. [Most Prevalent Rates 30YR FIXED - 3.875%]
emphasis added
• At 8:30 AM ET, Personal Income and Outlays, June 2019. The consensus is for a 0.3% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.2%.

• At 9:00 AM, S&P/Case-Shiller House Price Index for May. The consensus is for a 2.6% year-over-year increase in the Comp 20 index for May.

• At 10:00 AM, Pending Home Sales Index for June. The consensus is for a 0.3% increase in the index.