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
