Mortgage rates technically hit the lowest levels in 2 months today. The catch is that they were already pretty close and that today's improvement wasn't necessarily that big. In fact, most borrowers will see the same interest rate in today's quotes with the only difference being a slight adjustment in upfront costs/credits. We'd been waiting somewhat eagerly for today's Consumer Price Index (CPI)--a key inflation report with a consistent track record (at least in the past year) of causing movement for rates. When CPI is stronger than expected, rates tend to rise. When it's weaker, rates fall--all other things being equal. Today's CPI came out largely in line with expectations. The important "Core" number showed annual inflation right in line with the 2.1% forecast. In other words, our big potential

April 11, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Inch Down to 2-Month Lows Mortgage rates technically hit the lowest levels in 2 months today. The catch is that they were already pretty close and that today's improvement wasn't necessarily that big. In fact, most borrowers will see the same interest rate in today's quotes w... (read more) Housing News The Past is Not Prologue in Housing Markets Can the past be reliably expected to predict the future? Probably not if one is talking about consumer behavior and structural breaks in the housing cycle. That, at least, is the opinion of Wells Fargo Economists John E. Silvia, Azhar Iqbal, and Abig... (read more) Rob Chrisman Construction Product; Tax Guideline Changes From Lenders Here’s some trivia for Happy Hour tonight. Who is Irene Triplett? Triplett is the sole surviving person sole surviving person to be receiving a Civil War pension from the VA. She is 87, the daughter of a “War of Northern Aggression”... (read more) Housing News Mortgage Apps Declined Last Week, Despite Lower Rates Mortgage applications, both for home purchases and refinancing, declined for the second consecutive week during the period ending April 6. The Mortgage Bankers Association (MBA) reports that its Market Composite Index, a measure of application volume... (read more) MBS Commentary MBS Live Day Ahead: Syria Headlines Help, but CPI, Auctions, and Fed Remain in Focus Bonds were flat yet again in the overnight session, but began to improve after Trump tweeted "get ready Russia," missiles "will be coming" in response to rising tensions in Syria.  As can be seen in the following chart, this was somewhat of a ... (read more) Housing News Record Commercial/Multifamily Volume in 2017 Multifamily mortgage financing was the big winner overall in what was a record setting year for commercial and multifamily originations. The Mortgage Bankers Association (MBA) said a record $530.1 billion in loans were closed in 2017, an 8 percent ga... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% 0.00 0.00 15 Yr. Fixed 5.91% 0.00 0.00 30 Yr. FHA 6.19% -0.01 0.00 30 Yr. Jumbo 6.80% 0.00 0.00 7/6 SOFR ARM 6.29% -0.04 0.00 30 Yr. VA 6.20% -0.02 0.00 Updates Daily - Last Update: 7/1 15 Yr. Fixed Rate 5.91% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.91 -0.01 Price / Yield Change MBS UMBS 5.5 99.91 -0.01 UMBS 6.0 101.58 0.00 GNMA 5.5 100.07 +0.01 GNMA 6.0 101.43 +0.02 Pricing as of: 7/1 10:17PM EST 10 Year US Treasury 4.2446 +0.0054 Price / Yield Change US Treasury 2 YR Treasury 3.772 -0.004 5 YR Treasury 3.834 -0.006 7 YR Treasury 4.019 +0.006 10 YR Treasury 4.245 +0.005 30 YR Treasury 4.767 0.000 Pricing as of: 7/1 10:17PM EST Latest Video Surprising if the Fed doesn't continue with gradual rate pace, says economi... Fed discussed shifting to 'neutral' policy Economist says CPI 'mixed bag' but in line with expectations Around the Web NAHB Eye on Housing Housing Share of GDP CNBC Fed minutes: 'All' members see higher GDP and inflation, and more rate hikes CNBC Mulvaney pitches his revamp of consumer protection agency to Congress Bloomberg Yield Curve Spreads Are the Lowest Since 2007 CNBC Fed's Powell could sound more like Yellen if market turbulence gets too bad Bloomberg Portugal Wants Next ECB Head to Stick With Draghi's Approach Fannie Mae Fannie Mae Announces Offering of New Issue 3-Year ... Calculated Risk Blog BLS: CPI decreased 0.1% in March, Core CPI increased 0.2% Washington Post Tread very carefully when considering purchase of a home in a tax or foreclosure sale Reuters Missiles 'will be coming' to Syria, Trump warns Russia Reuters Futures drop on rising U.S.-Russia tensions over Syria Bloomberg Luxury Homes Are Taking Longer to Sell and That's Costing Owners Reuters Russia warns any U.S. missiles fired at Syria will be shot down

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