by Calculated Risk on 2/24/2020 09:40:00 PM
Monday, February 24, 2020
From Matthew Graham at Mortgage News Daily: Important Lessons From Near-Record Low Mortgage Rates
Mortgage rates continue to carve out the unlikeliest of victories in 2020 with significant help from coronavirus. The epidemic has taken a year that was almost certain to start off with a steady move toward higher rates and turned it into one of the strongest starts on record. In fact, when it comes to the combination of ground covered and levels achieved, no other year has started off any better. [Most Prevalent Rates For Top Tier Scenarios 30YR FIXED - 3.375 - 3.5%]Tuesday:
• At 9:00 AM ET, FHFA House Price Index for December 2018. This was originally a GSE only repeat sales, however there is also an expanded index.
• At 9:00 AM, S&P/Case-Shiller House Price Index for December. The consensus is for a 2.8% year-over-year increase in the Comp 20 index for December.
• At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for February.
Posted by Calculated Risk on 2/24/2020 09:40:00 PM