Mortgage rates continued higher today as markets reacted to news that North Korea would tactically abstain from launching nuclear weapons at Guam because it was having such a good time watching the "foolish and stupid conduct of the Yankees." Perhaps Kim Jong Un is a Sox fan? Someone should tell him that series is over and that the Mets might not put up as much of a fight. Or perhaps "Yankees" referred to America in general. Either way, markets took solace in the absence of global nuclear war by buying stocks and selling bonds. Net selling pressure in bonds pushes rates higher . Strong economic data in the morning only added to bond market weakness. Fortunately, movement in rates continues to be muted by historical standards. Most consumers would still be seeing the same rates quoted today

August 15, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Aug 15, 2017 Rates Rising as North Korea Talks Baseball Tue, Aug 15, 2017 3:21PM Mortgage rates continued higher today as markets reacted to news that North Korea would tactically abstain from launching nuclear weapons at Guam because it was having such a good time watching the "foolish and stupid conduct of the Yankees." Perhaps Kim Jong Un is a Sox fan? Someone should tell him that series is over and that the Mets might not put up as much of a fight. Or perhaps "Yankees" referred to America in general. Either way, markets took solace in the absence of global nuclear war by buying stocks and selling bonds. Net selling pressure in bonds pushes rates higher . Strong economi... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.22 -0.06   97.47 101.61 UMBS 30YR 6.0 102.47 -0.07   99.66 102.50 10 YR Treasury 4.065 +0.026   3.621 4.780 MBS Live Recap: Bonds Threaten Momentum Shift Tue, Aug 15, 2017 4:15PM Today was mostly about North Korean de-escalation, and somewhat about stronger economic data.  If you haven't heard 43 times already, North Korea graciously decided to hold off on their little plan to nuke Guam (though the little plan of marching up and down the square remains intact for now).  Considering that nuking Guam (or more likely, "attem... (read more) MBS Live Day Ahead: The Blessing and Curse of The Geopolitical Risk Cycle Tue, Aug 15, 2017 9:08AM Geopolitical risk is one of the most intuitive market movers for bonds.  Threats of nuclear attacks from North Korea (as well as the rhetorical response from the US) are a classic example of geopolitical risk.  Were there to be an actual ... (read more) MBS Price Change UMBS 5.0 99.70 -0.08 UMBS 5.5 101.24 -0.04 UMBS 6.0 102.48 -0.06 GNMA 5.0 100.02 -0.05 GNMA 5.5 101.19 +0.00 GNMA 6.0 102.13 -0.05 Pricing as of: 9/9 7:02AM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.011 5 YR Treasury 3.576 +0.014 7 YR Treasury 3.784 +0.016 10 YR Treasury 4.061 +0.022 30 YR Treasury 4.719 +0.029 Pricing as of: 9/9 7:02AM EST Other News Big Landlord Merger Sounds Scary but Probably Isn't Tue, Aug 15, 2017 1:04PM One of the many shifts endured by the housing industry during the Great Recession was the entry of institutional investors into the single-family housing market. Hedge funds and other Wall Street types bought up thousands of single family residences (SFRs), largely from lender inventories of foreclosed homes. There were worries in the moment about the compet... (read more) Nice Rebound in Builder Confidence - NAHB Tue, Aug 15, 2017 10:31AM Builder confidence made a strong comeback this month , surprising analysts and belying some of the gloom expressed by the National Association of Home Builders (NAHB) earlier this week about construction labor problems. NAHB said the NAHB/Wells Fargo Housing Market Index (HMI) rose 4 points from its July reading to 68. "Our members are encouraged by rising d... (read more) Lender's New Capital Partner; Conferences and Training Coast to Coast Tue, Aug 15, 2017 9:17AM The science of persuasion? Any good salesperson, or LO, can talk someone into buying just about anything using scarcity, reciprocity, commitment, social proof, authority, and liking. Here's a good article to share with your loan officers. A good site to review if you want to go to a conference and your company's travel budget is frozen. Upcoming Events, Conf... (read more) Latest Video As housing affordability weakens, more buyers are left out in the cold The idea that Home Depot is just going to roll over and die from Amazon is ... Home builder sentiment at highest level since May: NAHB Around the Web CNBC Newly built homes skew ever richer Market Watch Traders lift bets on one more rate hike this year up above 50% Reuters Americans' debt level notches a new record high CNBC US business inventories post biggest gain in seven months CNBC Amazon's debt offering to fund Whole Foods acquisition includes 40-year bond CNBC The North Korea factor: Jittery ETF investors look for ways to safeguard their portfolios CNBC US import prices rebound after two straight monthly declines CNBC US retail sales post biggest gain in seven months CNBC Guam missile launch plan: Kim Jong Un waiting for foolish Yankees' next move Reuters Home Depot's quarterly profit jumps 9.5 percent Bloomberg After a Summer Bond Binge, Signs of Angst Are Growing in the Market Market Watch S&P 500 on track for best daily gain in about 4 months NPR Our Homes May Get Smarter, But Have We Thought It Through?

© 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.