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Tuesday: ISM Mfg, Construction Spending, Vehicle Sales


by Calculated Risk on 10/31/2022 08:57:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher To Start The Week. More Volatility Ahead

Mortgage rates are fresh off their best week since at least July and their best winning streak (in terms of consecutive days moving lower) in well over a year. The price of admission happened to be the highest rates in more than 20 years, so the recent improvements were really nothing more than a balancing act. … [30 year fixed 7.13%]
emphasis added

o At 8:00 AM ET, Corelogic House Price index for September.

o At 10:00 AM, ISM Manufacturing Index for October. The consensus is for 49.9, down from 50.9.

o Also at 10:00 AM, Construction Spending for September. The consensus is for 0.5% decrease in spending.

o Late, Light vehicle sales for October. The consensus is for sales of 14.3 million SAAR, up from 13.5 million SAAR in September (Seasonally Adjusted Annual Rate).

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