Mortgage rates saw their biggest bounce higher in more than a week today as domestic bond markets (which dictate rates) followed a much bigger move in European bond markets. The European move can be traced to comments from European Central Bank President Mario Draghi depending on the lender. In a nutshell, his comments sounded like the Fed's comments in the early days of the "taper tantrum" in the US (a big jump in rates that occurred when the Fed signaled its intention to buy fewer bonds). Translated into simpler terms , big central banks buy lots of bonds. When they do that, prices of those bonds go up and rates come down. Whatever bonds are being bought are those that react most to changes in central banks' policies. In 2013, it was the US Fed signaling less buying of Treasuries and MBS

June 27, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Bounce Higher Mortgage rates saw their biggest bounce higher in more than a week today as domestic bond markets (which dictate rates) followed a much bigger move in European bond markets. The European move can be traced to comments from European Central Bank Presi... (read more) Housing News Curtain May be Rising on Another GSE Drama Bloomberg is reporting there appears to be yet another plan in the long running reality show featuring the government sponsored enterprises or GSEs. Fannie Mae and Freddie Mac, which have been in government conservatorship since 2008, are the perpetu... (read more) Housing News Signs of Deceleration Despite Record High Home Price Index - Case-Shiller The S&P CoreLogic Case-Shiller National Home Price Index for April set a record high , on a non-seasonally adjusted (NSA) basis for the fifth consecutive month. Some of the Case-Shiller numbers however, show some deceleration from their record pa... (read more) MBS Commentary MBS Live Day Ahead: Rattled by Draghi, Traders Wait For Yellen Members of the FOMC are constantly giving speeches and making appearances at various events.  The only exception would be the "blackout period" where Fed speakers refrain from commenting on monetary policy in the week leading up to an official p... (read more) Rob Chrisman Investor Updates; Upcoming Training and Events Worries about Europe’s economies have, in most part, subsided. But rumors swirl regarding The Land of Lincoln. Illinois, it seems, isn't doing too well financially . Underwriters don't have crystal balls, yet must weigh income from Illinois pen... (read more) MBS Commentary MBS Live Recap: Weak Durable Goods Helps Bonds Hold Gains Despite a super narrow range throughout the day, last Friday saw 10yr yields close at the 2nd best levels of the year.  With that in mind, it wouldn't have been a surprise to see some push back into the center of the recently flat range today.... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.35 -0.16 Price / Yield Change MBS UMBS 5.5 99.39 -0.12 UMBS 6.0 101.32 -0.08 GNMA 5.5 99.63 -0.15 GNMA 6.0 101.27 -0.05 Pricing as of: 7/23 1:12PM EST 10 Year US Treasury 4.3887 +0.0427 Price / Yield Change US Treasury 2 YR Treasury 3.870 +0.040 5 YR Treasury 3.926 +0.041 7 YR Treasury 4.141 +0.043 10 YR Treasury 4.387 +0.041 30 YR Treasury 4.955 +0.039 Pricing as of: 7/23 1:12PM EST Latest Video Senate health-care vote delay is significant: Cowen Fed Chair Janet Yellen: Major banks are much stronger this year Housing inventory has gotten worse as demand rises Around the Web Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in April CNBC Yellen: Banks 'very much stronger'; another financial crisis not likely 'in our lifetime' CNBC Watch Fed Chair Janet Yellen and Lord Nicholas Stern discuss world economic issues Freddie Mac Will the Hispanic Homeownership Gap Persist? Calculated Risk Blog Reis: Apartment Vacancy Rate increased in Q2 to 4.4% Bloomberg A Mystery Fed Candidate Won a Seat at the FOMC Table, Then Walked Away CNBC Consumer confidence gains in June, topping estimates Reuters Wells Fargo to sell commercial insurance business Gallup Americans' Confidence in Economy Remains Barely Positive CNBC A Republican and a Democrat team up to split Fannie Mae and Freddie Mac builderonline.com Real Estate Ponzi Scheme Unearthing Leads to Guilty Plea Market Watch Here's how to invest in real estate " think Warren Buffett-style, not shopping malls CNBC Draghi speaks of 'strengthening and broadening recovery' in euro zone, but says stimulus must remain

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