Monday, February 01, 2021

Mortgage Rates still near Record Lows

by Calculated Risk on 2/01/2021 09:12:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Hold Steady to Start New Week

The average mortgage lender offered rates that were at least as good as Friday's with purchases still seeing 2.5-2.625% and no-cash-out refis in the 2.75-2.875% neighborhood (this assumes a top tier conventional 30yr fixed loan with at least 20% equity, 740+ credit, and no other negative loan level price adjustments).
emphasis added
Tuesday:
• Early, Corelogic House Price index for December.

• At 10:00 AM ET, the Q4 2020 Housing Vacancies and Homeownership from the Census Bureau.

• All day, Light vehicle sales for January. The consensus is for light vehicle sales to be 16.3 million SAAR in January, unchanged from 16.3 million in December (Seasonally Adjusted Annual Rate).