by Calculated Risk on 7/26/2021 09:00:00 PM

From Matthew Graham at Mortgage News Daily: MBS RECAP: Slow Monday, But Late Warning Shots

It was a slow trading day for the most part until the last 90 minutes. ...  As the day wound down, yields bumped up to the highs--right in line with the 1.295% technical level--and MBS coughed up a quick eighth of a point. That was enough for several lenders to reprice for the worse even though the weakness doesn't speak to any bigger picture issues. ... [30 year fixed 2.86%]
emphasis added

Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for May. The consensus is for a 16.3% year-over-year increase in the Comp 20 index for May.

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

• At 10:00 AM: Richmond Fed Survey of Manufacturing Activity for July. This is the last of the regional surveys for July.

• Also at 10:00 AM, The Q2 Housing Vacancies and Homeownership report from the Census Bureau.