Calculated Risk: Tuesday: Richmond Fed Mfg

by calculated risks 11/21/2022 08:41:00 PM

From Matthew Graham in Daily Mortgage News: Mortgage rates haven’t changed much to kick off the holiday shortening week

Mortgage rates made their biggest move recently (and their biggest single-day move ever)2 last Thursday after a key report showed that inflation was lower than expected in October. There has been some jockeying for a position between the various mortgage lenders since then but little change is noticeable in the 30-year fixed rate average which is again in the 6% median range. … [30 year fixed 6.64%]
Affirmations added

• 8:30 a.m. ET, Richmond Federal Reserve Survey of Manufacturing Activity for the month of november

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