by Calculated Threat on 10/07/2024 07:17:00 PM
From Matthew Graham at Mortgage Information Each day: Highest Mortgage Charges in 2 Months
It has been an odd and irritating couple of weeks for anybody who mistakenly believed that mortgage charges would transfer decrease after the Fed charge reduce. … Backside line, markets bought locked into the assumption that knowledge would slowly deteriorate (with numerous weight being given to the previous couple of jobs stories) solely to see the latest jobs report say “not so fast!” There is a little bit of a re-set taking place in the intervening time. We will not know precisely how huge will probably be till we get via extra econ knowledge. [30 year fixed 6.62%]
emphasis added
Tuesday:
• At 6:00 AM ET, NFIB Small Enterprise Optimism Index for September.
• At 8:30 AM, Commerce Stability report for August from the Census Bureau. The consensus is for the deficit to be $71.4 billion in August, from $78.8 billion in July.
