TABLE OF CONTENTS
RATE RECAP ⏪
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The +/- shown in the Rate Price Index represents how the pricing of mortgage rates changed during the time series.
Learn more and explore additional time series at the LendZen Index Substack.
WEEK AHEAD 🗓️
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Hopefully this is the week bond prices finally break free of the choppy sideways range that has kept mortgage rates prisoner for the last month.
Geopolitics aside, investors will be processing a deluge of manufacturing data throughout the week.
The housing market will also take the stage with reports covering homebuilder sentiment, building permits, housing starts, and pending home sales.
However, the headliner will be Wednesday’s FOMC minutes.
Although recent economic data has reduced the probability of a Fed rate hike next month, the minutes could still rattle bond markets – especially if the overall tone is more hawkish than anticipated.
Thanks for reading…
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The below snapshot is just a glimpse of today’s rates, but the pricing you see is exactly what you get - there are no additional lender fees or origination charges.
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