by Calculated Risk on 3/20/2023 09:01:00 PM
From Matthew Graham at Mortgage News Daily: How to Make Sense of Mortgage Rate Info These Days
Shifting gears to today’s MOVEMENT (since that what matters after all), rates are HIGHER today than they were on Friday. Most lenders ended up raising rates during the business day in response to bond market losses. In terms of 30yr fixed rates, the average lender ended up about an eighth of a percent (.125) higher compared to Friday morning. [30 year fixed 6.67%]
o At 10:00 AM: Existing Home Sales for February from the National Association of Realtors (NAR). The consensus is for 4.15 million SAAR, up from 4.00 million. Housing economist Tom Lawler expects the NAR to report sales of 4.51 million SAAR for February (well above consensus).