Freddie Mac will be reporting this week’s mortgage rate print tomorrow after the 30-year fixed rate mortgage cooled to 6.2% last week. Additionally, initial jobless claims for the prior week will be reported.
FedEx (FDX), Lennar (LEN), and Darden Restaurants (DRI) are also slated to share their latest quarterly earnings results.
Lastly, Trump Media & Technology Group (DJT, DJTWW) is exiting its lockup period, which could allow major shareholders like former President Donald Trump to sell their stake. In recent weeks, Trump has denied any plans to sell his shares of Trump Media.
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This post was written by Luke Carberry Mogan.
Time now for to watch Thursday, September 19th sponsored by Tasty trade starting off on housing new weekly mortgage rate data from Freddie Mac out at 12 p.m. Eastern.
The 30 year fix fell to 6.2% in the most recent reading rates have dropped three out of the last four weeks with the Federal Reserve’s 50 basis point cut earlier.
Today, we’ll see what impact the fed’s decision will have on the housing market going forward, but the cut will not be reflected in tomorrow’s report.
Take a look at earnings.
We’ll be getting some more from corporate America.
When you take a look at Lenar, fedex and Dardan restaurants, Lenar announcing results for the third quarter after the close of mortgage rates retreating in today’s interest rate decision.
Analysts expecting Lear sales incentives to be the focal point of the home builders Q three report and weekly jobless claims data out ahead of the opening bell economist forecasting 230,000 people filed for first time benefits for a second straight week.
And tomorrow marks the lock of exploration for former president Donald Trump which enables him and other insiders to sell shares of Trump media Trump saying last week that he does not intend to sell shares has taken, the company is valued at more than a billion dollars DJ T shares closed lower on the day.
