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
Adore it or hate it, election-related volatility has been having a huge impact on the bond market and, thus, mortgage charges.
…
Mortgage charges did not react in an excessive vogue, however the common lender moved again down towards 7% for a prime tier typical 30yr fastened state of affairs. The identical state of affairs 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 Steadiness 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 Providers Index for October. The consensus is for a lower to 53.3 from 54.9.
