Monday, October 28, 2019

Tuesday: Case-Shiller House Prices, Pending Home Sales

by Calculated Risk on 10/28/2019 07:12:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Near 3-Month Highs

Mortgage rates increased again today as lenders continued to get caught up with 2 days of bond market weakness. … With the early October lows representing a modest increase from the early September lows, there's a risk that a bigger-picture shift is taking place. Simply put, the long-term trend of falling rates that began roughly 1 year ago could be in the process of shifting toward a trend of rising rates. [Most Prevalent Rates 30YR FIXED 3.75-3.875%]
emphasis added
Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for August.

• At 10:00 AM, Pending Home Sales Index for September. The consensus is 0.2% decrease in the index.

• At 10:00 AM, The Q3 2019 Housing Vacancies and Homeownership report from the Census Bureau.