by Calculated Risk on 10/18/2022 08:51:00 PM
From Matthew Graham at Mortgage News Daily: Fighting For Survival or Accepting Fate
For traders who believe the Fed’s restrictive policies will eventually drive growth and inflation lower, it’s hard to make a case for longer-term yields going much above 4%, even with core inflation over 6%. If you ask traders, the actual outlook for inflation over the next 10 years is close to the Fed’s target range. … [30 year fixed 7.15%]
o At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
o At 8:30 AM, Housing Starts for September. The consensus is for 1.478 million SAAR, down from 1.575 million SAAR.
o During the day, The AIA’s Architecture Billings Index for September (a leading indicator for commercial real estate).
o At 2:00 PM, the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.