by Calculated Threat on 9/16/2024 07:01:00 PM
From Matthew Graham at Mortgage Information Each day: Mortgage Charges Inch Decrease to Start Probably Wild Week
The new week started on a comparatively quiet word when it comes to mortgage fee motion and the underlying bond market. … Merchants have rapidly shifted again to anticipating barely higher odds of a 0.50% fee reduce versus the minimal 0.25%. That is not even the essential a part of the announcement, nevertheless. Markets shall be extra centered on the speed trajectory outlined within the Fed’s financial projections in addition to the steering provided within the textual content of the announcement and Fed Chair Powell’s press convention. … Any time an final result is assured to shock about half the market, it is just about unattainable to keep away from volatility. [30 year fixed 6.12%]
emphasis added
Tuesday:
• At 8:30 AM ET, Retail gross sales for August shall be launched.  The consensus is for a 0.2% enhance in retail gross sales.
• At 9:15 AM, The Fed will launch Industrial Manufacturing and Capability Utilization for August. The consensus is for a 0.1% enhance in Industrial Manufacturing, and for Capability Utilization to extend to 77.9%.
• At 10:00 AM, The September NAHB homebuilder survey. The consensus is for a studying of 40, up from 39 in August. Any quantity beneath 50 signifies that extra builders view gross sales situations as poor than good.
