Mortgage rates moved modestly lower today, despite an absence of improvement in underlying bond markets. Rates typically rise in this scenario, but this pattern has been more and more common recently. It's nothing too scandalous--or even terribly interesting. Lenders are simply less eager to follow every little juke and head-fake in bond markets when things have been so flat in the bigger picture. The summertime phenomenon only adds to the apathy. The net effect is that lenders often find themselves with the need to adjust prices based on bond market movement in the previous business day. In the current case, that means lenders are getting caught up with Friday afternoon's bond market improvement, thus allowing for lower rates on a day where bonds are technically weaker. The coming days bring

July 31, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Modestly Lower Despite Flat Markets Mortgage rates moved modestly lower today, despite an absence of improvement in underlying bond markets. Rates typically rise in this scenario, but this pattern has been more and more common recently. It's nothing too scandalous--or even terribly int... (read more) Rob Chrisman Vanguard Stops Taking Apps; Fed Owns How Much Agency MBS? How much would you pay to drive a cab? In New York City, in 2014, the price of a Taxi Medallion hit $1.3 million. With Uber and Lyft, Medallions are now running in the $200,000s to the $500,000s. These valuable licenses that allow yellow cabs to oper... (read more) Housing News June Pending Sales Increase the First in Four Months Pending home sales recovered from a three-month swoon in June, increasing 1.5 percent in June. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) rose to 110.2. NAR also revised the May PHSI up slightly, from 108... (read more) Housing News Another Price Index Goes a Little Wobbly The last of the May's four home price indices (HPI) that MND tracks, the version supplied by Black Knight Financial Services, was released on Monday. Like the others, it shows accelerating price increases on a year-over-year basis, but indicated a sm... (read more) MBS Commentary MBS Live Week Ahead: Bonds Begin Week Storing Energy For a Breakout Last Friday's AM commentary had a detailed write-up on the significance of " month-end bond buying ." Here's a link to that, and here's a link to our primer on the topic.  With today being the last day of July, it's possible we'll still see some... (read more) MBS Commentary MBS Live Recap: Post-GDP Rally Keeps Same Range Intact Overnight weakness almost ruined it, but 10yr yields just barely held inside the necessary levels to claim their third straight "inside day."  In other words, the entire trading range of the past 3 days has fallen inside Tuesday's trading rang... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.85% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.85% +0.02 0.00 15 Yr. Fixed 6.07% +0.04 0.00 30 Yr. FHA 6.40% +0.03 0.00 30 Yr. Jumbo 6.92% +0.02 0.00 7/6 SOFR ARM 6.25% -0.02 0.00 30 Yr. VA 6.41% +0.02 0.00 Updates Daily - Last Update: 7/15 15 Yr. Fixed Rate 6.07% +0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 6.72% +0.05 0.00 15 Yr. Fixed 5.86% +0.06 0.00 Updates Weekly - Last Update: 7/10 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries UMBS 30YR 5.5 98.95 -0.21 Price / Yield Change MBS UMBS 5.5 98.93 -0.24 UMBS 6.0 100.96 -0.16 GNMA 5.5 99.34 -0.19 GNMA 6.0 101.14 -0.07 Pricing as of: 7/15 5:31PM EST 10 Year US Treasury 4.4833 +0.0480 Price / Yield Change US Treasury 2 YR Treasury 3.952 +0.043 5 YR Treasury 4.048 +0.058 7 YR Treasury 4.256 +0.061 10 YR Treasury 4.486 +0.051 30 YR Treasury 5.015 +0.036 Pricing as of: 7/15 5:31PM EST Latest Video Gary Cohn: Trump is 100% committed to getting tax reform done Low volatility makes it harder to determine market risk: QS Investors' Mike... Pending home sales post first annual gain since March Around the Web CNBC GOP Sen Hatch says cutting corporate rate to 25% is a challenge in tax reform Market Watch The Fed: Demand for business loans weakened in second quarter, Fed finds CNBC Debt ceiling fears are casting a shadow over Fed plans Reuters U.S. pending home sales rise; Midwest factory activity slows CNBC Marcus Lemonis: These are the 2 essential reasons you should buy a home Calculated Risk Blog Dallas Fed: "Texas Manufacturing Activity Strengthens" in July Federal Reserve Fischer, The Low Level of Global Real Interest Rates Market Watch Bond Report: Treasury yields steady, but on track to end July lower CoreLogic CORELOGIC INTEGRATES WITH FANNIE MAE TO PROVIDE DAY 1 CERTAINTY SERVICE consumerfinancemonitor.com Can President Trump appoint an Acting Director upon Director Cordray's departure? Bloomberg Sneak Preview in the Works For Timing of US Libor Alternative Market Watch The real reason so many millennials still live with their parents CNBC Younger house hunters prefer dog-friendly features to family-friendly ones when buying first home

© 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.