Tuesday: Job Openings, ISM Mfg, Construction Spending, Vehicle Sales
From Matthew Graham at Mortgage News Daily: Mortgage Rates Inch Lower, But Remain Broadly SidewaysSideways" has been the dominant theme for mortgage rates for well over a month now. The average top tier 30yr fixed rate fell below 6.82% on February 25th, and moved down to 6.70% the following week. We haven't been outside of that range since then. Today was just another day in that regard, or perhaps even a prime example considering it was smack dab in the middle of that range. [30 year fixed 6.74%] emphasis added Tuesday: • At 10:00 AM ET, Job Openings and Labor Turnover Survey for February from the BLS. • Also at 10:00 AM, ISM Manufacturing Index for March. The consensus is for the ISM to be at 50.3, unchanged from 50.3 in February. • Also at 10:00 AM, Construction Spending for February. The consensus is for 0.2% increase in construction spending. • All Day: Light vehicle sales for March.
From Matthew Graham at Mortgage News Daily: Mortgage Rates Inch Lower, But Remain Broadly SidewaysSideways" has been the dominant theme for mortgage rates for well over a month now. The average top tier 30yr fixed rate fell below 6.82% on February 25th, and moved down to 6.70% the following week. We haven't been outside of that range since then.Tuesday:
Today was just another day in that regard, or perhaps even a prime example considering it was smack dab in the middle of that range. [30 year fixed 6.74%]
emphasis added
• At 10:00 AM ET, Job Openings and Labor Turnover Survey for February from the BLS.
• Also at 10:00 AM, ISM Manufacturing Index for March. The consensus is for the ISM to be at 50.3, unchanged from 50.3 in February.
• Also at 10:00 AM, Construction Spending for February. The consensus is for 0.2% increase in construction spending.
• All Day: Light vehicle sales for March.
