Trade Deficit, Fed Chairman Powell

To Estimated risk per 06.02.2023 21:00:00

Mortgage rates From Matthew Graham of Mortgage News Daily: Mortgage rates jump to highest level in a month

Mortgage rates were already under some pressure on Friday after a stunningly strong employment report this morning. Strong economic data tends to have a bad effect on rates. One reason for this is the impact of data on decisions made by the Federal Reserve. This is especially true for job postings. …

In just two days, the average lender is nearly half a percentage point higher than the typical top-tier 30-year scenario. [30 year fixed 6.39%]
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Tuesday:
• At 8:00 AM ET, CoreLogic House Price Index for December.

• AT 8.30 AM, Trade balance report for December from the Census Bureau. By all accounts, the trade deficit will be $68.5 billion. The US trade deficit in November amounted to $61.5 billion.

• At 12:40, Discussion Fed Chairman Jerome PowellConversation with David Rubenstein, Chairman of the Economics Club of Washington, D.C. at the Economics Club of Washington, D.C.