Mortgage rates moved lower today following a mixed report on the US labor market. The once-a-month Employment Situation (the official name for the "jobs report" that often influences interest rates) was out this morning and it had something for everyone. For those who'd like to remain upbeat on the labor market, there was a 196k increase in the number of jobs created in March, which compared favorably to forecasts calling for 180k. Had this been the only data point, rates may have moved higher (stronger economy/job market = higher rates, all other things being equal). But other components painted a different picture. For those who wanted to see the glass half empty , there was a decrease in the percentage of adults who considered themselves part of the workforce. That's not necessarily a bad

April 5, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Rates Fall Back to Week's Best Levels After Jobs Report Mortgage rates moved lower today following a mixed report on the US labor market. The once-a-month Employment Situation (the official name for the "jobs report" that often influences interest rates) was out this morning and it had something for every... (read more) MBS Commentary MBS Live Day Ahead: Rates Return Perfectly To Midfield Before NFP Calls Next Big Play Yesterday's bond market volume was as low as it's been since Monday, March 18th.  Then, like now, bonds were on the approach to a big potential market mover, although the March 20th Fed announcement was almost guaranteed to be a big deal wh... (read more) Mortgage Rate Watch Rates Look Like They're Planning a Bigger Move Mortgage rates barely budged today after hitting the highest levels in more than a week yesterday. In general, the bond market (which dictates rate movements) looks to be leveling off ahead of tomorrow's important jobs report. And that provides a use... (read more) Rob Chrisman Appraisal and Construction Products; Lots of Events; Agency Changes Some New Yorkers like to think that they’re at the Center of the Universe. But, though larger Java, in terms of islands, in Indonesia, is home to 135 million inhabitants versus Manhattan’s 1.7 million. (And although Manhattan does have ab... (read more) Housing News Jumbo Credit Access Benefits From Recent Drop in Rates Borrowers had a bit of an easier time getting a loan in March, especially those looking for Jumbo products. The Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) rose 1.1 percent from February to a reading of 182.1. A d... (read more) MBS Commentary MBS Live Recap: Quietest Day in Weeks Ahead of Jobs Report Bonds were very modestly stronger today, although the more important takeaway is that they effectively held in line with the highest yields of the past 2 weeks (not to mention the highest yields since before the March 20th Fed Announcement).  &n... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/3 9:43PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/3 9:43PM EST Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web Bloomberg Bond Traders Betting on Rate Cut Scratch Heads on Trump QE View Reuters May's Brexit talks with Labour stall, delay request fails to convince EU Reuters N.Y. Fed raises U.S. second quarter GDP growth view near 2% CNBC Need cash? Now you can sell the equity in your home to investors CNBC Trump says economy would take off like 'rocket ship' if Fed cut rates, ends tightening policy CNBC Here's where the jobs are in one chart CNBC Here are the most and least affordable cities to live in CNBC US added 196,000 jobs in March, vs 175,000 expected CNBC Theresa May reaches out to Jeremy Corbyn in a bid to break Brexit deadlock Bloomberg Trump Steps Up Fed Influence Campaign With Second Loyalist Pick Reuters U.S. job growth seen accelerating from 17-month trough Reuters Merkel hopes May can find a way out Brexit maze by EU summit Calculated Risk Blog Goldman: March Payrolls Preview

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