Monday, December 14, 2020

Tuesday: Industrial Production, NY Fed Mfg

by Calculated Risk on 12/14/2020 09:04:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Barely Higher For Some; Lower For Others

What do you get when you add a modest amount of cost to the average mortgage rate from last Friday? Rates that are still effectively right in line with all-time lows. ...  Purchase rates (30yr fixed, conventional, top tier) are in the 2.375-2.625% range while refinance rates are another 0.25% higher for most lenders (some have even bigger gaps between purchase and refi rates).
emphasis added
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for December. The consensus is for a reading of 6.8, up from 6.3.

• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for November. The consensus is for a 0.3% increase in Industrial Production, and for Capacity Utilization to increase to 72.9%.