Calculated Threat: Tuesday: Case-Shiller Home Costs

by Calculated Threat on 12/30/2024 08:21:00 PM

From Matthew Graham at Mortgage Information Day by day: Mortgage Charges Begin New Week With Some Hope

Final week wasn’t nice for mortgage charges. They moved increased on every of the 5 days. Furthermore, there was a definite lack of logical motivation from the financial knowledge. The truth is, on just a few events, the info argued for decrease charges just for issues to maneuver within the different course by the top of the day.

The brand new week is off to a special begin. …

Merchants are already assuming the Fed will pencil in a slower tempo of price cuts than they did within the September assembly. Among the latest rise in charges displays these trades. [30 year fixed 6.72%]
emphasis added

Tuesday:
• At 9:00 AM ET, FHFA Home Value Index for October. This was initially a GSE solely repeat gross sales, nonetheless there may be additionally an expanded index. 

• Additionally at 9:00 AM ET: S&P/Case-Shiller Home Value Index for October. The consensus is for an 4.1% year-over-year improve within the Composite 20 index for October.