Mortgage rates held their ground fairly well today, despite the fact that underlying bond markets were weaker.
All of the nuts and bolts above notwithstanding, the average lender remains in line with the lowest rates in a year. Only January 31st saw anything better, and it wasn’t much better! [30YR FIXED 4.375 – 4.5%]
• At 6:00 AM ET, NFIB Small Business Optimism Index for January.
• At 10:00 AM, Job Openings and Labor Turnover Survey for December from the BLS. Jobs openings decreased in November to 6.888 million from 7.131 million in October.
• At 11:00 AM, NY Fed: Q4 Quarterly Report on Household Debt and Credit
• At 12:45 PM, Speech by Fed Chair Jerome Powell, Economic Development in High Poverty Rural Communities, At the Hope Enterprise Corporation Rural Policy Forum, Itta Bena, Miss.