Monday, February 03, 2020

Tuesday: BEA Vehicle Sales

by Calculated Risk on 2/03/2020 07:17:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Digging Deeper Into Multi-Year Lows

Now, as the new week begins, Treasury yields and MBS alike are indicating slightly higher rates than Friday, but because lenders played it so safe, they were instead able to offer slightly LOWER rates today. Simply put, mortgage rates are even deeper into multi-year lows now, even though the bond market is pointing to slightly higher rates versus last Friday. [Most Prevalent Rates For Top Tier Scenarios 30YR FIXED 3.375-3.5%]
emphasis added
Tuesday:
• Early: the BEA will release Light vehicle sales for January. The consensus is for light vehicle sales to be 16.8 million SAAR in January, up from 16.7 million in December (Seasonally Adjusted Annual Rate).

• At 10:00 AM ET, Corelogic House Price index for December.