Mortgage rates moved just a bit lower today, bringing them to their best levels in exactly 1 week. Most borrowers will see little-to-no difference between yesterday and today's loan quotes with the exception, perhaps, of a modest reduction in upfront costs. That means 4.25% remains intact as the most prevalent conventional 30yr fixed rate on top tier scenarios. Bond markets (and thus, rates) responded favorably today to a series of weaker economic reports. In general, weaker economic data tends to help bonds and hurt stocks. Some of the positivity was also motivated by the calendar as certain traders are required to hold a certain mix of bonds by the end of any given month. In other words, some investors were buying bonds because they wanted to and other were buying because they had to. From

January 31, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Just a Bit Lower as Data Falls Short Mortgage rates moved just a bit lower today, bringing them to their best levels in exactly 1 week. Most borrowers will see little-to-no difference between yesterday and today's loan quotes with the exception, perhaps, of a modest reduction in upfront... (read more) Housing News Selections From Urban Institute's Housing Chartbook The Urban Institute releases a regular report, Housing Finance at a Glance , a "chartbook" loaded with charts and commentary on mortgage activity. The current edition is primarily for the period ending with the third quarter of 2016. Much of the mate... (read more) Housing News Status Quo: 5-6% Annual Home Price Gains The headline of the S&P CoreLogic Case-Shiller Indices press release for the last three months has been exactly the same: NATIONAL INDEX HITS NEW PEAK AS HOME PRICE GAINS CONTINUE. The actual numbers haven't changed much either. The newest result... (read more) Rob Chrisman Upcoming Events and Training; Walter and Reverse Mortgages As the old adage goes, “Women spend more time wondering what men are thinking than men spend thinking.” But certainly women spend a good deal of time thinking about other things, like…thinking about the global economy. Federal Rese... (read more) MBS Commentary MBS Live Day Ahead: Bonds Battle New Micro Range, Hoping for Month-End Help Yesterday was a bit of a puzzler for bond markets.  Volumes were decent, but movement was contained in a very narrow range (seen in the chart below).  On one hand, that could be seen as a victory considering bond markets absorbed a huge cor... (read more) MBS Commentary MBS Live Recap: Bonds Avoid Committing For Better or Worse It was an uneventful day for bond markets from most points of view.  After opening slightly stronger in Asia, Treasuries sold-off modestly during the first part of the European session.  The key consideration at the time was stronger Germ... (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: 7/6 9:47AM 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: 7/6 9:47AM EST Latest Video Closing Bell Exchange: Uncertainty the word of the day January consumer confidence comes in slight under forecasts Santelli Exchange: The Fed & your portfolio Around the Web Calculated Risk Blog Real Prices and Price-to-Rent Ratio in November freddiemac.mwnewsroom.com Freddie Mac Releases Outlook on Multifamily Demand, Oversupply Risks in 2017 Calculated Risk Blog HVS: Q4 2016 Homeownership and Vacancy Rates CNBC US consumer confidence hits 111.8 in January vs estimate of 113 Redfin The Redfin Housing Demand Index Reached a New High in December Bloomberg Why Single Women Are Buying Homes at Twice the Rate of Single Men federalregister.gov Housing Counseling: New Certification Requirements; Correction Bloomberg Everything You Thought You Knew About Bond Yields Is Wrong: HSBC Bloomberg Treasury Curve Steepens as Microsoft Issue Includes 40-Year Debt Fannie Mae Fannie Mae Releases December 2016 Monthly Summary ... Reuters Fed exempts smaller banks from part of 'stress test' in expected move Bloomberg There's a Huge Gap Between American Economic Hopes and Reality Reuters U.S. can withhold some documents in Fannie, Freddie case: court

© 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.