From Matthew Graham at Mortgage News Daily: Mortgage Rates a Hair Lower to Start The Week
As hoped, Friday’s big rate spike did not carry additional momentum into the new week. This is occasionally a risk when rates are responding to big surprise in the jobs report, but slightly less of a risk when the other economic data had been weaker. [30 year fixed 6.95%]
emphasis added
Tuesday:
• At 6:00 AM ET, NFIB Small Business Optimism Index for April.