by Calculated Risk on 9/23/2024 06:59:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Move Slightly Higher to Start New Week

Mortgage rates rose modestly last week after hitting long term lows before the Fed announced its 0.50% rate cut. In not so many words, mortgage rates had already gotten in position for that cut and were thus left to undergo a mild correction. [30 year fixed 6.20%]
emphasis added

Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for July. The consensus is for a 5.9% year-over-year increase in the Composite 20 index for July.

• At 9:00 AM, FHFA House Price Index for July. This was originally a GSE only repeat sales, however there is also an expanded index.

• At 10:00 AM, the Richmond Fed manufacturing survey for September.