by Calculated Risk on 2/24/2025 07:06:00 PM
From Matthew Graham at Mortgage News Daily: Mortgage Rates Start New Week at 2 Month Lows
Mortgage rates were already in line with the lowest levels since December 18th by last Thursday. They dropped to the best levels since December 12th a day later. end of last week.
…
The bond market (which underlies and dictates interest rate movement) was very calm today after early gains. Investors are waiting to see Friday’s PCE inflation data before making any big moves in either direction … [30 year fixed 6.87%]
emphasis added
Tuesday:
• At 9:00 AM ET, FHFA House Price Index for December 2024. This was originally a GSE only repeat sales, however there is also an expanded index.
• At 9:00 AM, S&P/Case-Shiller House Price Index for December. The consensus is for a 4.5% year-over-year increase in the Comp 20 index for December, up from 4.3% in November.
• At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for February.
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