Mortgage rates held steady today, despite a key report from the Labor Department showing stronger-than-expected job creation in February. Typically, a strong jobs report is bad for rates. This one likely would have been bad as well, but markets got advance notice from another report earlier in the week. Remember Wednesday's ADP data? It thoroughly trounced the 190k expectation, coming in at 298k. Given that the ADP data attempts to track/predict the Labor Department's report, rates were able to rise preemptively before this morning's data ever came out. With the official numbers not quite as stellar as ADP suggested, bond markets (and thus, mortgage rates) were able to hold their ground. While ground-holding is good, the ground itself could be better. Rates remain at 2017's highs with the average

March 10, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Hold Steady Despite Strong Jobs Data. Here's Why... Mortgage rates held steady today, despite a key report from the Labor Department showing stronger-than-expected job creation in February. Typically, a strong jobs report is bad for rates. This one likely would have been bad as well, but markets got a... (read more) Rob Chrisman Shift Out of FHA Loans Yet Ginnie Sets New Record; Worst Seller Traits in M&A The last time I checked Americans enjoy living indoors, especially given storms like today’s in the Northeast. How’s this for a combination of edifices and technology: If you think you don’t understand how blockchain works, how abou... (read more) Mortgage Rate Watch Mortgage Rates Keep Pushing 2017 Highs Mortgage rates rose again today, bringing them further into the highest levels of the year. If there's anything redeeming about the move it's that it wasn't nearly as abrupt as yesterday. In fact, several lenders were fairly close to yesterday's offe... (read more) MBS Commentary MBS Live Day Ahead: Any Weakness After NFP Means a Showdown With 3-Year Highs Bonds are right on the edge of the relative abyss.  If 10yr yields break much higher today, we'll be operating in territory not seen since early 2014.  Frustratingly, if bond yields break lower, we'll be right back in the position of wonder... (read more) MBS Commentary MBS Live Recap: 9th Straight Day of Weakness and More Risk Ahead The title sums it up.  Bonds are having a bad time .  Fed rate hike expectations started this unpleasant party last week and economic data added to the drama this week (chiefly, Wednesday's ADP employment data).   This morning saw f... (read more) MBS Commentary MBS Live Recap: ADP Armor Helps Bonds Fend Off Strong Jobs Report ADP provided a cruel gift on Wednesday.  It isn't the most trusted advance indicator of the infinitely more important NFP data, but when it beats the forecast by more than 100k, markets can't help but adjust.  And adjust they did!  W... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% 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 99.91 +0.07 Price / Yield Change MBS UMBS 5.5 99.91 +0.07 UMBS 6.0 101.62 +0.05 GNMA 5.5 100.05 +0.09 GNMA 6.0 101.46 +0.06 Pricing as of: 7/3 4:54AM EST 10 Year US Treasury 4.2592 -0.0206 Price / Yield Change US Treasury 2 YR Treasury 3.770 -0.018 5 YR Treasury 3.847 -0.020 7 YR Treasury 4.034 -0.022 10 YR Treasury 4.259 -0.021 30 YR Treasury 4.786 -0.023 Pricing as of: 7/3 4:54AM EST Latest Video Markets digest jobs report ahead of big Fed meeting Rate hike odds hit 90% Hatzius: Close call between 3 hikes with balance sheet adjustment and 4 rat... Around the Web Bloomberg US Subprime Auto Loan Losses Reach Highest Level Since the Financial Crisis Market Watch The Fed: Fed expected to send hawkish signals with the dot plot Bloomberg Yellen Claim Fed Isn't Behind Curve Challenged by Robust Hiring CNBC Don't take the 235K jobs number at face value, Goldman's chief economist says Bloomberg ECB Said to Have Discussed Whether Rates Can Rise Before QE Ends The Atlantic 3 Takeaways From the February Jobs Report Market Watch Jobs report takes away last hurdle to Fed interest-rate hike CNBC Jobs and wages both jumped in February Bloomberg Proof Daylight Saving Time Is Dumb, Dangerous, and Costly Bloomberg Freddie Mac Considers Backing Single-Family Home Rentals Market Watch A third of American families have roller coaster' finances NY Times Jobs Report: What to Watch For CNBC Final countdown to big jobs Friday and a rate hike

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