By 
From Matthew Graham at Mortgage News Daily: Without Conclusive Answers, The Sideways Curse ContinuesWhile it may be blessing for rates to be flatter and more predictable lately, the fact that the sideways range is close to long-term highs feels more like a curse. … Apart from the year-end drift in December and the false start created by strong econ data in February, bonds have spent almost all of their time in the same range for 6 months now. [30 year fixed 6.67%]
emphasis added
Tuesday:
• At 8:30 AM ET, Retail sales for April is scheduled to be released. The consensus is for 0.6% increase in retail sales.
• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for April. The consensus is for a 0.1% decrease in Industrial Production, and for Capacity Utilization to decrease to 79.7%.
• At 10:00 AM, The May NAHB homebuilder survey. The consensus is for a reading of 45 unchanged from 45 last month. Any number below 50 indicates that more builders view sales conditions as poor than good.
Comments