by calculated risk 4/22/2024 08:08:00 PM
Mortgage rates started the new week at about the same level as last weekend. Although there were no major events or economic reports that caused volatility in the underlying bond market, bond prices were able to improve modestly by the end of the day.
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Staying near Friday's levels means the average lender is just shy of the highest interest rate in five months. The traditional top-tier 30-year fixed scenario is still in the mid-7% range. (Fixed for 30 years 7.43%)
Emphasis added
Tuesday:
• 10 a.m. ET; Newly built home sales March data from the Census Bureau. The consensus was SAAR 670,000, up from SAAR 662,000 in February.
• Also at 10 a.m. Richmond Fed Manufacturing Activity Survey For April.