Calculated Risk: Tuesday: Richmond Fed Mfg

by calculated risks 1/23/2020 09:05:00 PM

From Matthew Graham in Daily Mortgage News: Mortgage rates are up a bit

After hitting 4-month lows at times over the past week, rates have picked up a bit. There wasn’t much rhyme or reason behind the bounce. … Next week is a bit of a wild card as there are no hotly anticipated events on tap. Some market participants would claim that the first look at Q4 GDP on Thursday or PCE inflation on Friday are exceptions to that claim, but they pale in comparison to next week’s Fed announcement and Friday’s jobs report. [30 year fixed 6.20%]
Affirmations added

• 10:00 a.m. ET, Richmond Federal Reserve Survey of Manufacturing Activity for the month of January.

• Also at 10:00 am, Government employment and unemployment (monthly) for December 2022.

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