by Calculated Risk on 7/28/2025 09:09:00 PM
From Matthew Graham at Mortgage News Daily: Mortgage Rates Hold Perfectly Flat to Start New Week
If any given week of movement in the mortgage rate world came with disclaimer, this one would be: “Warning. An absence of volatility on Monday has no bearing on odds for volatility in the rest of the week.” More simply put, you’re essentially guaranteed to see more rate movement over the next 4 days simply because today saw none.
Of all of the days this week, Monday was the best candidate for a ho-hum level of movement because it was the only day without any major economic data on tap. Rates are based on bonds, and econ data is a key source of inspiration for bonds. [30 year fixed 6.81%]
emphasis added
Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for May. The consensus is for a 2.5% year-over-year increase in the Comp 20 index for May.
• At 9:00 AM, FHFA House Price Index for May. This was originally a GSE only repeat sales, however there is also an expanded index.
• At 10:00 AM, Job Openings and Labor Turnover Survey for June from the BLS.
