Mortgage rates didn't move much today , which keeps them right in line with last week's lowest levels. That sounds pretty good! Unfortunately, any time prior to last week, those "lowest levels" would have been the highest in more than 4 years. To make things simple , look at like this: rates didn't move more than an eighth of a percentage point (.125) for most of March and early April (lenders typically divide rate sheet offerings in 1/8th increments). Last week brought rates a quarter of a point (.25) higher at its worst, and now we've recovered about an eighth. In other words, we're right in between the March plateau and last week's highs. The rest of this week brings several important economic reports including Friday's big jobs report (The Employment Situation, aka "Nonfarm Payrolls").

April 30, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.22% +0.09%   6.11% 7.26% 15 Yr. Fixed 5.75% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.14% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Apr 30, 2018 Mortgage Rates Mostly Sideways to Begin Busy Week Mon, Apr 30, 2018 3:48PM Mortgage rates didn't move much today , which keeps them right in line with last week's lowest levels. That sounds pretty good! Unfortunately, any time prior to last week, those "lowest levels" would have been the highest in more than 4 years. To make things simple , look at like this: rates didn't move more than an eighth of a percentage point (.125) for most of March and early April (lenders typically divide rate sheet offerings in 1/8th increments). Last week brought rates a quarter of a point (.25) higher at its worst, and now we've recovered about an eighth. In other words, we're right in... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% +0.09 0.00 15 Yr. Fixed 5.75% +0.04 0.00 30 Yr. FHA 5.95% +0.04 0.00 30 Yr. Jumbo 6.14% -0.01 0.00 7/6 SOFR ARM 5.65% 0.00 0.00 30 Yr. VA 5.98% +0.06 0.00 Updates Daily - Last Update: 9/17 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 99.64 +0.06   95.05 100.47 UMBS 30YR 5.5 101.11 +0.08   97.47 101.61 10 YR Treasury 4.081 +0.001   3.706 4.780 MBS Live Week Ahead: Big Economic Data and Big Decisions For Bonds Mon, Apr 30, 2018 9:42AM This week brings several top tier economic reports as well as a Fed announcement.  Combine that with today's month-end trading process, it makes for a robust and evenly-distributed slate of potential market movement.  The caveat is tha... (read more) MBS Live Recap: Bonds Add to Friendly Bounce Fri, Apr 27, 2018 6:53PM Bonds managed to scratch out a 2nd day of "recovery" leading back from the highest yields in more than 4 years seen on Wednesday.  If you don't want to read more than 3 sentences, I can tell you that it looks like yield curve trading and technical levels in the 2s/10s curve were primarily responsible for the gains.  If you're in that 3 sentence c... (read more) MBS Live Recap: Bonds Avoid Commitment to Begin Busy Week Mon, Apr 30, 2018 4:36PM April was a bummer of a month for the bond market.  Actually, it was decent through the 11th, but it got ugly quickly after that--especially during the past 2 weeks.  Contrast that to March, which was decidedly, albeit mildly positive.  If bonds stick to this same pattern of clearly delineated monthly trading themes, the rest of the week coul... (read more) MBS Price Change UMBS 4.5 97.66 +0.03 UMBS 5.0 99.65 +0.06 UMBS 5.5 101.11 +0.08 GNMA 4.5 98.06 +0.04 GNMA 5.0 99.95 +0.13 GNMA 5.5 100.99 +0.10 Pricing as of: 9/17 9:08PM EST US Treasury Yield Change 2 YR Treasury 3.543 -0.021 5 YR Treasury 3.644 -0.012 7 YR Treasury 3.830 -0.009 10 YR Treasury 4.080 -0.001 30 YR Treasury 4.680 -0.008 Pricing as of: 9/17 9:08PM EST Other News Pending Sales Post Slight Increase in March Mon, Apr 30, 2018 10:34AM It wasn't much of a gain , even missing analysts' predictions, but given the recent performance of the Pending Home Sales Index (PHSI), any positive change is a relief. The National Association of Realtors® said the PHSI, which measures new contracts for existing home purchases, managed an 0.4 percent increase in March, bringing the index to 107.6. At th... (read more) MI and Jumbo Products; FHA, VA, and Ginnie News; Rates Take a Breather Mon, Apr 30, 2018 9:11AM Demographics will tell you that it makes more sense organizing populations by how they live – rather than where they live – is a much more precise way to talk about the world. People are human so we all tend to gravitate to those with similar interests and personalities. Every lender knows that people need a place to live, and it’s nice to ... (read more) Latest Video Tariff exemptions for U.S. allies set expire Tuesday Economic boom runs for 106th straight month How to use your home as a source of cash Around the Web consumerfinancemonitor.com CFPB announces May 10 and May 22 meetings of Consumer Advisory Board subcommittees CNBC The Fed is about to get more aggressive, and 'collateral damage' may ensue Fannie Mae Fannie Mae Announces Scheduled Release of First Quarter ... Calculated Risk Blog Dallas Fed: "Growth in Texas Manufacturing Rebounds Strongly" CNBC 10 most affordable places to live in the US Reuters U.S. treasury chief: 'Cautiously optimistic' on China trade talks CNBC US annual inflation measures jump as consumer spending rises Reuters Fed faces new challenge: A world without labor 'slack' Bloomberg Fed Not Ready to Declare Mission Accomplished on Inflation Market Watch Don't expect the Treasury to take advantage of a flat yield curve Bloomberg Bond Fraud Prosecutors Rest Case After Just Days of Testimony - Bloomberg Reuters Wall Street flat as earnings offset inflation jitters CNBC David Rosenberg on why interest rates could help snuff out the equity rally

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