Existing Home Sales from National Assoc of Realtors
Tomorrow is the big day of the week, starting with November’s Existing Home Sales figures at 10:00 AM ET. The National Association of Realtors is expected to announce a small decline in home resales last month, indicating more housing sector weakness. A sizable decline in sales would be considered positive for bonds and mortgage rates because a softening housing market makes broader economic growth more difficult. But unless the actual sales figures vary greatly from forecasts, the results will probably have a minor impact on rates.