by Calculated Risk on 11/18/2024 06:53:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Didn't Move Much Over The Weekend

The average top tier conventional 30yr fixed rate was just a hair over 7% on Friday afternoon and the same is true at the start of the new week.
...
As for the risk of more serious volatility, the only sure bet is that the first two weeks of December are the most important 2 weeks left in 2024. This has to do with the economic data on tap and its impact on the Fed announcement that will follow on the 3rd week. [30 year fixed 7.08%]
emphasis added

Tuesday:
• At 8:30 AM ET, ,Housing Starts for October. The consensus is for 1.338 million SAAR, down from 1.354 million SAAR.

• At 10:00 AM, State Employment and Unemployment (Monthly) for October 2024