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Monday, May 18, 2020

Tuesday: Housing Starts, Fed Chair Powell Testimony

by Calculated Risk on 5/18/2020 07:34:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Will Have to Wait to Set More Records

Mortgage rates hit all-time lows on Friday, based on the average rate for a top tier conventional 30yr fixed loan scenario. [MND's 30 Year Fixed (daily survey) 30YR FIXED - 3.12%]
emphasis added
• At 8:30 AM ET, Housing Starts for April. The consensus is for 0.950 million SAAR, down from 1.216 million SAAR in March.

• At 10:00 AM, Testimony, Fed Chair Jerome Powell, Coronavirus Aid, Relief, and Economic Security Act, Before the Senate Banking, Housing, and Urban Affairs Committee, U.S. Senate (Watch Live Here)