by Calculated Risk on 6/02/2025 08:09:00 PM
From Matthew Graham at Mortgage News Daily: Mortgage Rates Edge Higher to Start Busy Week
Mortgage rates have been in an exceptionally narrow range since last Tuesday with the 30yr fixed index hovering just under 7%. The average lender is just a hair higher today versus last Friday, but still just under 7%.
…
As the week continues, several other important reports will be released. Friday’s jobs report is traditionally the most closely watched when it comes to the rate market. [30 year fixed 6.96%]
emphasis added
Tuesday:
• At 10:00 AM ET, Job Openings and Labor Turnover Survey for April from the BLS.
• Late, Light vehicle sales for May. The consensus is for light vehicle sales to be 16.4 million SAAR in May, down from 17.3 million in April (Seasonally Adjusted Annual Rate).
