Current Dwelling Gross sales, FOMC Minutes

by Calculated Danger on 11/20/2023 07:08:00 PM

From Matthew Graham at Mortgage Information Day by day: Boring Day For Mortgage Rates, But That’s a Good Thing

Mortgage charges moved right down to the bottom ranges in roughly 2 months final week. … “Low” is relative, after all. Earlier than September, right this moment’s charges would have been depressingly excessive, however they signify important progress from October’s multi-decade highs of over 8% for standard 30yr fastened charges. For a similar state of affairs, right this moment’s charges are down 5/8ths of a % from these peaks. [30 year fixed 7.38%]
emphasis added

Tuesday:
• At 8:30 AM ET, Chicago Fed Nationwide Exercise Index for October. This can be a composite index of different information.

• At 10:00 AM, Current Dwelling Gross sales for October from the Nationwide Affiliation of Realtors (NAR). The consensus is for 3.93 million SAAR, down from 3.96 million in September.

• At 2:00 PM, FOMC Minutes, Assembly of October 31-November 1