Monday, November 04, 2019

Tuesday: Trade Deficit, Job Openings, ISM Non-Mfg

by Calculated Risk on 11/04/2019 08:55:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Holding Gain, But Volatility Could Increase

Mortgage rates were flat to slightly higher today after dropping at fairly quick pace last week. In fact, if we're only examining one-day changes in rates, Thursday's drop was the quickest drop in months! That may sound slightly more impressive than it is, however. In terms of hard numbers, we're talking about roughly $22/month on a $300k loan.

Most of those savings are still intact today, but the risk of volatility remains. [Most Prevalent Rates 30YR FIXED 3.625-3.75%]
emphasis added
Tuesday:
• At 8:30 AM ET, Trade Balance report for September from the Census Bureau.  The consensus is for the deficit to be $52.5 billion in September, from $54.9 billion in August.

• At 10:00 AM, the ISM non-Manufacturing Index for October.  The consensus is for an increase to 53.5 from 52.6.

• Also at 10:00 AM, Job Openings and Labor Turnover Survey for September from the BLS.