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Tuesday: Housing Starts, Case-Shiller House Prices, and More

Summary:
From Matthew Graham at Mortgage News Daily: Mortgage Rates Still Moving Lower After Last Week's Stellar DropMortgage rates continued deeper into long-term lows today as the underlying bond market experiences its most impressive rally of the year. In a rally, bond prices are moving higher and rates are moving lower. [30YR FIXED - 4.00 - 4.125]emphasis addedTuesday:• At 8:30 AM ET: Housing Starts for February. The consensus is for 1.201 million SAAR, down from 1.230 million SAAR in January.• At 9:00 AM: FHFA House Price Index for January 2019. This was originally a GSE only repeat sales, however there is also an expanded index.• At 9:00 AM: S&P/Case-Shiller House Price Index for January. The consensus is for a 4.2% year-over-year increase in the Comp 20 index for December.• At 10:00 AM:

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From Matthew Graham at Mortgage News Daily: Mortgage Rates Still Moving Lower After Last Week's Stellar Drop
Mortgage rates continued deeper into long-term lows today as the underlying bond market experiences its most impressive rally of the year. In a rally, bond prices are moving higher and rates are moving lower. [30YR FIXED - 4.00 - 4.125]
emphasis added
Tuesday:
• At 8:30 AM ET: Housing Starts for February. The consensus is for 1.201 million SAAR, down from 1.230 million SAAR in January.

• At 9:00 AM: FHFA House Price Index for January 2019. This was originally a GSE only repeat sales, however there is also an expanded index.

• At 9:00 AM: S&P/Case-Shiller House Price Index for January. The consensus is for a 4.2% year-over-year increase in the Comp 20 index for December.

• At 10:00 AM: Richmond Fed Survey of Manufacturing Activity for March.
Bill McBride
A full time blogger, Mr. McBride retired as a senior executive from a small public company in the '90s. Mr. McBride holds an MBA from the University of California, Irvine, and has a background in management, finance and economics.

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