Mortgage rates gave back yesterday's gains this morning following a stronger-than-expected employment report from ADP. While this is not the week's biggest jobs report, investors view it as one of several early indicators of the official Employment Situation (the big jobs report that comes out tomorrow morning). In general, stronger economic data (i.e. more job growth) tends to push rates higher and vice versa. In the bigger picture, today's move higher in rates will scarcely be detectable for most borrowers. In nearly every case , today's rate quote would be the same as yesterday's with the possible exception of slightly higher upfront costs today. When it comes to "note rates" (the actual interest rate applied to your mortgage balance, without regard for the upfront costs), we're still sideways

June 1, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Rates Edge Higher Ahead of Jobs Report Mortgage rates gave back yesterday's gains this morning following a stronger-than-expected employment report from ADP. While this is not the week's biggest jobs report, investors view it as one of several early indicators of the official Employment S... (read more) Housing News Fannie Mae's Portfolio Rises 2% YTD Fannie Mae said on Wednesday that its Book of Business increased at a compounded annual rate of 1.3 percent in April to a value of $3.164 trillion. The Book has increased by 1.9 percent year-to-date in 2017 and gained 1.4 percent for all of 2016. The... (read more) Housing News Single Family Sector is Rare Winner in Construction Spending Report The total amount of construction put in place nationally fell in April, but continues at a pace higher than at the same point in 2016. The U.S. Census Bureau puts the seasonally adjusted annual rate of spending on all types of construction during the... (read more) Rob Chrisman Collateral and Appraisal News - Fed Addresses Delays Some may have the perception that no MI company has ever paid a claim, which isn’t true. USMI, the trade group for the majority of MIs, states that MI companies have paid over $50 billion since Fannie & Freddie entered conservatorship, havi... (read more) MBS Commentary MBS Live Day Ahead: Bonds Teetering Between Trends Bond markets had been in a clearly-delineated positive trend from mid-March through mid-April followed by a clearly-delineated negative trend though mid-May.  After breaking out of that uptrend--something that was only confirmed on May 17th,--bo... (read more) MBS Commentary MBS Live Recap: All Things Considered, Better Than it Might Have Been Bond markets lost ground today, but less than you might expect given several of the typical inputs.  In terms of economic data, this morning's ADP Employment Report made a fairly strong case for weakness in bonds , coming in at 253k vs a median... (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 99.92 +0.07 Price / Yield Change MBS UMBS 5.5 99.92 +0.07 UMBS 6.0 101.62 +0.06 GNMA 5.5 100.06 +0.09 GNMA 6.0 101.47 +0.06 Pricing as of: 7/3 12:50AM EST 10 Year US Treasury 4.2617 -0.0181 Price / Yield Change US Treasury 2 YR Treasury 3.767 -0.021 5 YR Treasury 3.847 -0.020 7 YR Treasury 4.036 -0.020 10 YR Treasury 4.262 -0.018 30 YR Treasury 4.788 -0.021 Pricing as of: 7/3 12:50AM EST Latest Video ADP reports payrolls up 253K in May Larry Summers: Inflation direction 'interesting' and deserves Fed attention Construction spending down 1.4% for April Around the Web CNBC Changes coming to bank stress tests, Fed's Powell says CNBC US jobless claims rose to 248,000 last week Reuters U.S. private sector adds 253,000 jobs in May: ADP Freddie Mac 30-Year Fixed Mortgage Rate Moves Lower Calculated Risk Blog ISM Manufacturing index increased to 54.9 in May Calculated Risk Blog May Employment Preview consumerfinancemonitor.com CFPB May 2017 complaint report highlights complaints from older consumers Gallup Gallup Good Jobs Rate Rises in May NAR - Realtor.com Mortgage Rates Slide to Fresh 2017 Low as Inflation Slips Through Fed's Fingers Bloomberg Here's What the Fed Will Be Watching for in the Jobs Report Bloomberg Paulson, Blackstone Said to Back Plan for Freeing Fannie-Freddie Calculated Risk Blog Construction Spending decreased in April Bloomberg U.S. Homes Are Finally Shrinking - Bloomberg

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