by Calculated Threat on 10/07/2024 07:17:00 PM
From Matthew Graham at Mortgage Information Every day: Highest Mortgage Charges in 2 Months
It has been a wierd and irritating couple of weeks for anybody who mistakenly believed that mortgage charges would transfer decrease after the Fed price reduce. … Backside line, markets received locked into the assumption that knowledge would slowly deteriorate (with plenty of weight being given to the previous couple of jobs reviews) solely to see the latest jobs report say “not so fast!” There is a little bit of a re-set occurring for the time being. We will not know precisely how huge it is going to be till we get by way of 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.
