Mortgage rates managed to recover only some of Friday's heavy losses. The most prevalent conventional 30yr rate for top tier scenarios remains at its new perch of 4.0%, though a few lenders remain at 3.875%.CR Note: The Ten Year yield decreased to 2.20% today from 2.24% on Friday.
Tuesday:
• 7:30 AM ET, NFIB Small Business Optimism Index for February.
• At 10:00 AM, Job Openings and Labor Turnover Survey for January from the BLS. Jobs openings increased in December to 5.028 million from 4.847 million in November. The number of job openings were up 28% year-over-year, and Quits were up 12% year-over-year.
• Also at 10:00 AM, Monthly Wholesale Trade: Sales and Inventories for January. The consensus is for a 0.1% decrease in inventories.
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