by Calculated Risk on 6/30/2025 08:16:00 PM
From Matthew Graham at Mortgage News Daily: Mortgage Rates Take Another Step Toward April Lows
April 3rd and 4th saw the average top tier 30yr fixed mortgage rates well into the “mid 6’s.” Many lenders were able to quote 6.5% at the time. Just a few days ago, we noted there was still a ways to go before breaking below those early April levels, but the past few days have taken us within striking distance. [30 year fixed 6.67%]
emphasis added
Tuesday:
• At 9:30 AM ET, Discussion, Fed Chair Jerome Powell, Policy Panel Discussion, At the European Central Bank Forum on Central Banking 2025, Sintra, Portugal
• At 10:00 AM, ISM Manufacturing Index for June. The consensus is for the ISM to be at 48.8, up from 48.5 in May.
• At 10:00 AM, Construction Spending for May. The consensus is for a 0.1% decrease in construction spending.
• At 10:00 AM, Job Openings and Labor Turnover Survey for May from the BLS.
• Late in the day, Light vehicle sales for June. The consensus is for light vehicle sales to be 15.5 million SAAR in June, down from 15.6 million in May (Seasonally Adjusted Annual Rate).
