Existing Home Sales from National Assoc of Realtors
July's Existing Home Sales report is Thursday’s third report. The National Association of Realtors will give us this measurement of housing sector strength. It covers a high percentage of all home sales in the U.S., but usually does not have a major influence on bond trading and mortgage rates unless it varies greatly from analysts' forecasts. It is expected to show a decline from June's sales, meaning the housing sector softened a little last month. A weakening housing sector makes broader economic growth less likely. Accordingly, the lower the number of sales, the better the news it is for mortgage rates.