by Calculated Danger 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 an odd and irritating couple of weeks for anybody who mistakenly believed that mortgage charges would transfer decrease after the Fed charge lower. … Backside line, markets acquired locked into the idea that knowledge would slowly deteriorate (with a number of weight being given to the previous few jobs stories) solely to see the latest jobs report say “not so fast!” There is a little bit of a re-set taking place for the time being. We will not know precisely how large it will likely 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 Steadiness 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.
