by Calculated Risk on 7/15/2019 07:28:00 PM
Monday, July 15, 2019
From Matthew Graham at Mortgage News Daily: Mortgage Rates Little-Changed Despite Bond Market Gains
Mortgage rates were mostly flat to begin the new week, even though underlying bond markets were in stronger territory. … Mortgage-backed bonds have improved somewhat throughout the day. At face value, that seems like it should help mortgage rates and indeed it might. The issue is that there hasn't been quite enough improvement for the average lender to go to the trouble of adjusting rates in the middle of the business day. [Most Prevalent Rates 30YR FIXED - 4.0%]Tuesday:
• At 8:30 AM, Retail sales for June is scheduled to be released. The consensus is for 0.1% increase in retail sales.
• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for June. The consensus is for a 0.1% increase in Industrial Production, and for Capacity Utilization to increase to 78.2%.
• At 10:00 AM, The July NAHB homebuilder survey. The consensus is for a reading of 65, up from 64. Any number above 50 indicates that more builders view sales conditions as good than poor.
• At 1:00 PM, Speech, Fed Chair Jerome Powell, Aspects of Monetary Policy in the Post-Crisis Era, At the French G7 Presidency 2019 – Bretton Woods: 75 Years Later, Thinking About the Next 75, Paris, France
Posted by Calculated Risk on 7/15/2019 07:28:00 PM