by Calculated Danger on 10/21/2024 07:53:00 PM
From Matthew Graham at Mortgage Information Every day: Charges Soar Shortly to Highest Ranges Since July
By the smallest of margins, mortgage charges are again as much as ranges final seen in July. Which means we have gone from being pretty shut to six% in mid-September to being almost as near 7% at the moment in terms of prime tier 30yr fastened situations for the typical lender.
Right this moment’s bounce was notably fast and frustratingly missing in satisfying explanations. It is not the reasons make dangerous information any extra palatable, but it surely’s at all times extra irritating to be confronted with unpleasantness that appears to be taking place for no good cause. [30 year fixed 6.82%]
emphasis added
Tuesday:
• At 10:00 AM ET, Richmond Fed Survey of Manufacturing Exercise for October.
• Additionally at 10:00 AM, State Employment and Unemployment (Month-to-month) for September 2024
