Mortgage rates moved slightly higher today as trade war fears waned for financial markets. There's not a direct connection between trade issues and mortgage rates, but like any prominent financial news, there are usually only a few degrees of separation. In the current case, stocks had moved quickly lower in recent weeks as the trade war potential increased. That weakness ultimately threatened to push stocks below early February's "crash" levels. Investors assumed that additional weakness would follow if that line in the sand is crossed. With that in mind, the bond market got in position to soak up some of the panic money fleeing from the stock market. When there is extra demand for bonds, bond prices rise and interest rates fall--all other things being equal. From there, the bonds that underlie

April 5, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.37% +0.15%   6.13% 7.26% 15 Yr. Fixed 5.88% +0.13%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.11%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Apr 5, 2018 Mortgage Rates Edge Higher Ahead of Jobs Report Thu, Apr 5, 2018 4:22PM Mortgage rates moved slightly higher today as trade war fears waned for financial markets. There's not a direct connection between trade issues and mortgage rates, but like any prominent financial news, there are usually only a few degrees of separation. In the current case, stocks had moved quickly lower in recent weeks as the trade war potential increased. That weakness ultimately threatened to push stocks below early February's "crash" levels. Investors assumed that additional weakness would follow if that line in the sand is crossed. With that in mind, the bond market got in position to so... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.37% +0.15 0.00 15 Yr. Fixed 5.88% +0.13 0.00 30 Yr. FHA 6.05% +0.10 0.00 30 Yr. Jumbo 6.25% +0.11 0.00 7/6 SOFR ARM 5.77% +0.12 0.00 30 Yr. VA 6.07% +0.09 0.00 Updates Daily - Last Update: 9/18 Freddie Mac Rate Change Points 30 Yr. Fixed 6.26% -0.09 0.00 15 Yr. Fixed 5.41% -0.09 0.00 Updates Weekly - Last Update: 9/18 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 99.48 -0.10   95.05 100.47 UMBS 30YR 5.5 101.04 +0.01   97.47 101.61 10 YR Treasury 4.108 +0.027   3.706 4.780 MBS Live Day Ahead: Bonds Back in March's Range Thu, Apr 5, 2018 9:07AM The month of March was characterized by 10yr yields repeatedly bouncing at a floor of 2.80% in terms of 10yr yields.  At the time, I argued that--while we were indeed seeing 2018's first correction after the nasty little sell-off in the first 45... (read more) MBS Live Recap: Less Volatile Version of Same Old Theme; NFP Tomorrow Thu, Apr 5, 2018 4:42PM I'm running out of ways to talk about trade-war-related headlines driving risk-on vs risk-off movement in stocks and bonds.  In case you've missed it, this simply refers to stock market losses heading into the end of last week in response to recent tariff announcements and the the corresponding trade war fear.  As stocks approached early F... (read more) MBS Price Change UMBS 4.5 97.40 -0.23 UMBS 5.0 99.48 -0.10 UMBS 5.5 101.04 +0.01 GNMA 4.5 97.49 -0.53 GNMA 5.0 99.72 -0.10 GNMA 5.5 100.91 +0.02 Pricing as of: 9/18 5:32PM EST US Treasury Yield Change 2 YR Treasury 3.569 +0.005 5 YR Treasury 3.668 +0.012 7 YR Treasury 3.857 +0.017 10 YR Treasury 4.108 +0.027 30 YR Treasury 4.724 +0.037 Pricing as of: 9/18 5:32PM EST Other News Lenders Tightening Credit Access; Index Down for Second Month Thu, Apr 5, 2018 11:03AM Mortgage credit access tightened for the second straight month in March. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) declined 1.5 percent to 177.9 compared to February and has lost 5.0 points since January. The Index was benchmarked at 100 in March 2012. All four of the component indices were down, with the Gover... (read more) Renters Losing Interest in Homeownership Thu, Apr 5, 2018 9:17AM Along with a declining rate of homeownership, analysts have noted over the last few years that fewer Americans appear to be heavily invested in the dream of owning a home. New research from Freddie Mac gives more credence to what a company official calls a historic shift in the preferences of older consumers. Freddie Mac's spring edition of its Profile of To... (read more) Cyber Certification and Compliance Products; FHA and VA Updates Thu, Apr 5, 2018 9:13AM My father was in the U.S. Navy for 20 years (1942-1962) and his first home loan in 1967 was a VA 30-year fixed rate mortgage. That was obviously pre-internet, and now there are tools on the web to help veterans. For example, want to help your VA borrower manage their housing benefits? Here’s a nifty site: https://www.ebenefits.va.gov/ebenefits/manage/h... (read more) Latest Video Closing Bell Exchange: Volatility reminiscent of what we saw in '87, says C... Navarro: Our goal to stop trade imbalances Initial jobless claims up 24,000 to 242,000 Around the Web CNBC Here's how we'll know when it's an actual trade war NY Times C.F.P.B.'s Chief Gives Big Raises, Even as He Criticizes Spending consumerfinancemonitor.com Treasury issues recommendations for modernizing the CRA Reuters Wall St. rises, on track for third day of gains as trade fears ebb Freddie Mac Mortgage Rates Drive Declines in Apartment Investment Market Index NAR - Realtor.com Home Solar Dims as Tesla, Others Curb Aggressive Sales NAHB Eye on Housing Construction Self-Employment Rates Exceed 23% Calculated Risk Blog March Employment Preview CNBC How much you need to save to afford to buy a home Calculated Risk Blog Weekly Initial Unemployment Claims increase to 242,000 CNBC Home buying market so brutal, some home buyers make offer sight unseen Calculated Risk Blog Trade Deficit at $57.6 Billion in February Bloomberg U.S. Is Restricting Lenders in Veterans' Mortgage Crackdown

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.