Compared to yesterday, today's mortgage rates are a moving target depending on the lender. Some are better. Some are worse. On average, rates are unchanged from yesterday's latest rate sheets. The variability has to do with yesterday's fairly sharp losses in bond markets (which dictate rates). Lenders respond to that type of weakness in different ways. Some of them adjusted rate sheets aggressively yesterday. Those lenders are less likely to be showing higher rates today (because they already accounted for the market movement yesterday). Other lenders ended the day yesterday without fully adjusting their rate sheets to reflect the losses. Those lenders are more likely to be showing higher rates today. 4.25% remains the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios

March 29, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Steady, Depending on Lender Compared to yesterday, today's mortgage rates are a moving target depending on the lender. Some are better. Some are worse. On average, rates are unchanged from yesterday's latest rate sheets. The variability has to do with yesterday's fairly sharp l... (read more) Housing News Second Best Month in 11 Years for Pending Home Sales Pending home sales in February surprised everyone with an unexpected jump of 5.5 percent . The National Association of Realtors® said its Pending Home Sales Index, which is a leading indicator based on signed home purchase contracts, rose to 112.... (read more) Housing News Time for FHA to Ease Credit - and Lender Angst Back in December the Urban Institute (UI) put a number on the much maligned but somewhat amorphous term "tight credit." It maintained that, between 2009 and 2014, lenders failed to make about 5.2 million mortgages because of rigid underwriting standa... (read more) MBS Commentary MBS Live Day Ahead: Bonds Fight to Quarantine Yesterday's Weakness We characterized yesterday's bond market weakness as a simple and somewhat logical correction.  The initial move was Monday morning's rally that was based on an absence of updates regarding the healthcare bill.  In other words, the bill l... (read more) Rob Chrisman Training/Events; Digital Mortgage Survey; Vendors/Lenders Raising Capital The average residential loan file has 367,000 documents - and each one must be verified by the underwriter. Okay, just kidding. But every Boeing 737 (like Southwest flies) has 367k parts. Boeing’s assembly line moves at 2 inches per minute, and... (read more) Housing News Refinance Share Back to 2008 Levels Mortgage applications saw a third straight decline in volume during the week ended March 24. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, was down 0.8 percent on a non-seasonally adjusted basis com... (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 5:06AM EST 10 Year US Treasury 4.2592 -0.0206 Price / Yield Change US Treasury 2 YR Treasury 3.769 -0.019 5 YR Treasury 3.846 -0.021 7 YR Treasury 4.034 -0.023 10 YR Treasury 4.258 -0.022 30 YR Treasury 4.785 -0.024 Pricing as of: 7/3 5:06AM EST Latest Video Fed's Williams: Should not rule out more than 3 hikes this year Real estate mogul: Don't spend on renovations before doing this Fed's Rosengren calls for 4 rate hikes this year Around the Web CNBC Real estate mogul: This is the biggest mistake house-flippers make CNBC Fed's Williams: Don't 'rule out' more than three rate hikes this year Calculated Risk Blog Zillow Forecast: "Case-Shiller national index is forecastto grow 6 percent year-over-year" in February CNBC Fed's Rosengren wants four rate hikes this year Bloomberg Deutsche Bank Said to Eye New Home Lending for Settlement CNBC Homebuilders struggle to fill jobs 'Americans don't want' Reuters Fed's Evans says he supports one or two more rate hikes this year Market Watch Here's what happens now that the U.K. has triggered Article 50 Freddie Mac Five Tips to Get the Most Cash Out of Your Small Rental Property NPR Brexit: Prime Minister May Is Triggering U.K.'s Exit From EU Today Reuters Spooked by yield rise, ECB wary of changing message again: sources CNN Wells Fargo fails test over 'discriminatory and illegal' practices Bloomberg KB Home CEO Says Rate Increase Didn't Slow Sales - Bloomberg

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