by Calculated Risk September 23, 2024 6:59 PM
From Matthew Graham of Mortgage News Daily: Mortgage rates rise slightly at start of new week
Mortgage rates rose slightly last week after hitting long-term lows before the Fed announced a 0.50% rate cut. Simply put, mortgage rates were already gearing up for a cut and therefore would undergo a gradual adjustment.30-year fixed rate of 6.20%)
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Tuesday:
• 9 a.m. ET; S&P/Case-Shiller Home Price Index The consensus forecast is that the 20-index index will rise 5.9% year-on-year in July.
• 9:00 a.m. FHFA Home Price Index July issue. Originally it was a repeat sale of only the GSEs, but there is also an expanded index.
• 10:00 a.m. Richmond Fed Manufacturing Survey September edition.
