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Monday, May 24, 2021

Tuesday: Case-Shiller House Prices, New Home Sales

by Calculated Risk on 5/24/2021 09:00:00 PM

From Matthew Graham at Mortgage News Daily: MBS RECAP: Uneventful But Slightly Stronger Start

10yr yields hit the lowest levels in almost 2 weeks this morning ... The low yields were less than 2bps away from Friday's lows and we only traded about a 2bp range on the day. MBS prices picked up almost an eighth of a point early in the day and were perfectly flat from there on out. [30 year fixed 3.14%]
emphasis added
Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for March. The consensus is for a 12.3% year-over-year increase in the Comp 20 index for March.

• Also at 9:00 AM, FHFA House Price Index for March 2021. This was originally a GSE only repeat sales, however there is also an expanded index.

• At 10:00 AM, New Home Sales for April from the Census Bureau. The consensus is for 975 thousand SAAR, down from 1.021 million SAAR in March.

• Also at 10:00 AM, Richmond Fed Survey of Manufacturing Activity for May.