From Matthew Graham at Mortgage News Daily: Mortgage Rates Continue Recovering
Mortgage rates remain elevated in the context of the past decade and 2022 in general, but they continue making progress after hitting long-term highs early last week. … The average lender is now getting back into the middle to upper-middle 6% range depending on the scenario and the presence of “points” in the loan quote. [30 year fixed 6.69%]
• At 8:00 AM ET, Corelogic House Price index for August.
• At 10:00 AM, Job Openings and Labor Turnover Survey for August from the BLS.