Mortgage rates had a calm day. Lenders who had offered improved rate sheets yesterday afternoon didn't see much reason to drop rates any further today. Lenders who took a more conservative route yesterday ended up being a little better off. Although there were several economic reports this morning, bonds (which drive rates) did nothing to respond and have generally been uninspired so far this week. In fact, in a broader sense, bonds haven't exhibited much inspiration for more than a month. Although rates have descended modestly since late February, it's just as fair to label that movement as "flat" in the context of typical rate movement. For example, most borrowers would still be quoted the same "note rate," with the only difference being slight changes in upfront fees/points. Loan Originator

April 17, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Modest Improvements For Mortgage Rates Mortgage rates had a calm day. Lenders who had offered improved rate sheets yesterday afternoon didn't see much reason to drop rates any further today. Lenders who took a more conservative route yesterday ended up being a little better off. Although ... (read more) Housing News Trade War Risks a Dark Cloud For an Otherwise Bright Economy - Fannie Mae Fannie Mae's economists remain upbeat about economic growth in the medium term but said on Monday that they see increasing downside risks. In its March forecast, the company's Economic Research Team had predicted that growth would slow during the fir... (read more) Housing News Annual Mortgage Bank Profits Fall by Nearly Half Less than a month after reporting some bad news about mortgage production and profits in the fourth quarter of 2017 the Mortgage Bankers Association (MBA) is back with a roundup of those measures for the entire year. The news didn't get any better. M... (read more) MBS Commentary MBS Live Day Ahead: Technically Under Attack, But is There Hidden Hope? Much of the analysis of the past few days has focused on the downwardly sloped trend channel seen in today's first chart.  This can be thought of as the "correction trend" that helped bonds settle down after a glut of selling pressure to kick of... (read more) Housing News Housing Starts, Permits Stage Spring Recovery Both housing permits and housing starts recovered in March from very disappointing performances in February. The New Residential Construction Report , jointly issued by the U.S. Census Bureau and the Department of Housing and Urban Development, has b... (read more) MBS Commentary MBS Live Recap: Bonds Hold Ground Despite Stronger Data/Stocks With elevated stock/bond correlation of late, it's always worth noting when things move in the opposite direction.  Today was such a day, with stocks making solid gains while bonds managed to hold their ground near unchanged levels.  Corp... (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 99.90 -0.03 Price / Yield Change MBS UMBS 5.5 99.90 -0.03 UMBS 6.0 101.56 -0.02 GNMA 5.5 100.06 0.00 GNMA 6.0 101.42 +0.01 Pricing as of: 7/1 11:21PM EST 10 Year US Treasury 4.2504 +0.0112 Price / Yield Change US Treasury 2 YR Treasury 3.778 +0.001 5 YR Treasury 3.840 +0.001 7 YR Treasury 4.025 +0.012 10 YR Treasury 4.250 +0.011 30 YR Treasury 4.773 +0.006 Pricing as of: 7/1 11:21PM EST Latest Video Bull bet on the housing market and this gold play IRS payment website suffering tech issues on Tax Day Mick Mulvaney on tax cuts and the US economy Around the Web CNBC Morgan Stanley issues warning that the end is near for the bull market Reuters Fed can keep rate hikes gradual without risking inflation: Evans CNBC 2-year yield hits highest level since 2008 after Fed official says he sees more inflation ahead NAR - Realtor.com Buyers Dilemma: Fewer Newly Constructed Single-Family Homes in the Pipeline Bloomberg London Home Prices Keep Falling Freddie Mac Freddie Mac Announces the Issuance of a New Two-Year Reference Notes Security CNBC Fed's Williams sees U.S. inflation at or above goal for years Calculated Risk Blog Industrial Production Increased 0.5% in March CNBC You can buy a home for less than $1,000 a month in these big cities Bloomberg China Builder Kaisa Group Is Said to Discuss Dollar-Bond Sale With Banks CNBC US Treasury yields rise ahead of key Fed remarks NAR - Realtor.com Cities With the Worst Rent: Is This How Much You're Coughing Up? Calculated Risk Blog Sacramento Housing in March: Sales Decrease Slightly YoY, Active Inventory up 19% YoY

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