What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.
Today the Treasury will be auctioning $32 billion two-year notes, but more compelling - and mixed - data comes from the housing sector. The Case Shiller 20 city Index rose by 13.4% from the same time last year, just below the expected 13.6%. From November to December, prices climbed 0.8%. According to the Dow Jones Index Committee, we could be seeing the last leg of the housing recovery.
Treasury note auctions will continue Wednesday and Thursday for $32 billion two-year, $35 billion five-year and $29 billion seven-year notes, respectively. For the rest of the week, watch out for Yellen's meeting with the Senate Banking Committee Thursday, and Consumer Sentiment and GDP, both out Friday.
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