• Tuesday: Housing Starts, Industrial Production

    9 days ago - By Calculated Risk

    From Matthew Graham at Mortgage News Daily: Mortgage Rates Back to Unchanged After Starting Higher
    Mortgage rates began the day at higher levels, as bond markets lost ground overnight. Bonds dictate rates, and "losing ground" means bond prices are falling. When bond prices fall, rates move higher.
    ...
    As bonds improved, most lenders ended up releasing positively-revised rate sheets. After the revisions, today's mortgage rates ended up in substantially similar territory to last Friday's.
    emphasis added Tuesday:
    • At 8:30 AM ET, Housing Starts for March. The consensus is for 1.269 million...
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