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Monday, August 14, 2023

Tuesday: Retail Sales, NY Fed Mfg, Homebuilder Survey

by Calculated Risk on 8/14/2023 09:02:00 PM

Mortgage Rates From Matthew Graham at Mortgage News Daily: Mortgage Rates Officially Highest Since November

As of today, it's official. The average lender is quoting top tier 30yr fixed scenarios at the highest rates since November 7th. [30 year fixed 7.24%]
emphasis added
• At 8:30 AM ET, Retail sales for July is scheduled to be released.  The consensus is for 0.4% increase in retail sales.

• Also at 8:30 AM, The New York Fed Empire State manufacturing survey for August. The consensus is for a reading of -0.7, down from 1.1.

• At 10:00 AM, The August NAHB homebuilder survey. The consensus is for a reading of 56, unchanged from 56. Any number above 50 indicates that more builders view sales conditions as good than poor.