by Calculated Danger on 11/04/2024 06:38:00 PM
From Matthew Graham at Mortgage Information Each day: Mortgage Charges Begin Week Barely Decrease as Election Volatility Works Each Methods
Find it irresistible or hate it, election-related volatility has been having a big effect on the bond market and, thus, mortgage charges.
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Mortgage charges did not react in an excessive trend, however the common lender moved again down towards 7% for a prime tier typical 30yr mounted situation. The identical situation was nearer to 7.125% late final week. [30 year fixed 7.05%]
emphasis added
Tuesday:
• U.S. Election
• At 8:30 AM ET, Commerce Stability report for September from the Census Bureau. The consensus is for the deficit to be $73.5 billion in September, from $70.4 billion in August.
• At 10:00 AM, the ISM Companies Index for October. The consensus is for a lower to 53.3 from 54.9.
