From Matthew Graham at Mortgage News Daily: Mortgage Rates Modestly Lower To Start The WeekMost mortgage lenders set rates for the first time this week on Tuesday (today) due to yesterday's holiday. ... In the bigger picture, rates are still very close to their highest levels in more than 2 months following a series of higher inflation readings last week. [30 year fixed 7.11%]Wednesday:
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• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• During the day, The AIA's Architecture Billings Index for January (a leading indicator for commercial real estate).
• At 2:00 PM, FOMC Minutes, Meeting of Meeting of January 30-31, 2024