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Wednesday: ADP Employment, ISM Non-Mfg, Beige Book
2 monthes ago - By Calculated Risk
From Matthew Graham at Mortgage News Daily: Mortgage Rates Deeper into 2 Month Lows as Stocks Swoon
On a somewhat frustrating note, mortgage rates didn't experience nearly as big of a move as the broader bond market. For instance, 10yr Treasuries-the most widely-used benchmark for longer-term interest rates) dropped 0.05% today. Mortgages only managed to drop by 0.02% in terms of effective rates.
emphasis added Wednesday:
• At 7:00 AM ET: The Mortgage Bankers Association will release the results for the mortgage purchase applications index.
• At 8:15 AM: The ADP Employment Report for...
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