by Calculated Risk on 9/23/2019 07:17:00 PM

From Matthew Graham at Mortgage News Daily: Great Day For Mortgage Rates, But There's a Catch

Mortgage rates added to last week's friendly rebound with their best single-day drop in more than a month today. Weak economic data in Europe and tepid domestic data helped drive demand in safe-haven bond markets. [Most Prevalent Rates 30YR FIXED - 3.75%]
emphasis added

Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for July. The consensus is for a 2.1% year-over-year increase in the Comp 20 index for July.

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

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