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From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Lower to Start The WeekThe average lender moved slightly lower in cost. The change was small enough that most borrowers will see it in the form of a modest reduction in upfront costs without any change in the quoted interest rate (relative to what the same scenario would have been quoted on Friday). [30 year fixed 6.59%]
emphasis added
Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for February. The consensus is for a 2.5% year-over-year increase in the Comp 20 index for February.
• Also at 9:00 AM, FHFA House Price Index for February. This was originally a GSE only repeat sales, however there is also an expanded index.
• At 10:00 AM, New Home Sales for March from the Census Bureau. The consensus is for 630 thousand SAAR, down from 640 thousand in February.
• At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for April.
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