Mortgage rates fell again today as several economic updates painted a slightly gloomier picture. In general, weaker economic data coincides with lower rates. First up were Retail Sales numbers, which moved into negative territory in February. Analysts expected a modest improvement. Later in the morning, several widely-followed sources of GDP tracking adjusted Q1 estimates significantly lower. For instance, the Federal Reserve Bank of Atlanta keeps a running tally of where GDP would come out today given the incoming data. Today's reading fell to 1.9% from 2.5% last week. Following the GDP tracking updates, stock prices added to an already weaker performance and bond yields followed. Declining bond yields coincide with lower mortgage rates although that depends on lenders seeing enough of a decline

March 14, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Match 2-Week Lows Mortgage rates fell again today as several economic updates painted a slightly gloomier picture. In general, weaker economic data coincides with lower rates. First up were Retail Sales numbers, which moved into negative territory in February. Analyst... (read more) Housing News Millennial Homeownership Up, Inventory Woes Persist Millennials are picking up the pace of moving into homeownership, but the National Association of Realtors® (NAR) says not all are finding a way. Its 2018 Home Buyer and Seller Generational Trends study found that inventory constraints and higher... (read more) MBS Commentary MBS Live Day Ahead: Bonds Face Minefield of Resistance From Here The first month and a half of 2018 was fairly brutal for bond markets.  Metaphorically speaking, it was like retreating from their home across a field of landmines getting blown to bits repeatedly along the way.  Finally, in mid-February, f... (read more) Rob Chrisman Advice for Those New to the Industry; Economy Continues to Move Forward As this week marks the 10 year anniversary of JPM Chase taking over Bear Stearns, the residential lending industry is rife with rumors about companies going out of business, scaling back, or being sold. But for hard stats, no one does it like the U.S... (read more) Housing News Purchase Applications Strengthen; Refis Wallow at Long-Term Lows Purchase mortgage applications held their ground for the third consecutive week, pushing the Mortgage Banker Association's Market Composite Index a bit higher. The Index, a measure of mortgage loan application volume, increased 0.9 percent on a seaso... (read more) MBS Commentary MBS Live Recap: The Return of Logical Economic Cause & Effect? We've seen plenty of instances of bond markets shrugging off clear suggestions in the economic data, but today wasn't one of them!  Retail Sales and GDP tracking weakened and rates fell.  That's about it, really! But the recap would loo... (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 4:57AM EST 10 Year US Treasury 4.2592 -0.0206 Price / Yield Change US Treasury 2 YR Treasury 3.772 -0.016 5 YR Treasury 3.849 -0.018 7 YR Treasury 4.037 -0.020 10 YR Treasury 4.262 -0.018 30 YR Treasury 4.788 -0.021 Pricing as of: 7/3 4:57AM EST Latest Video Fed is more confident with policy normalization: BlackRock strategist Challenges for incoming NEC Chair Larry Kudlow February PPI up 0.2%, retail sales down 0.1% Around the Web Reuters Wall St. slides as trade war worries weigh consumerfinancemonitor.com Bipartisan House bill introduced to change CFPB leadership to 5-member commission Bloomberg Rising Yields Won't Blunt the US Economy's Momentum"For Now builderonline.com California Man Pleads Guilty to Running $24M Real Estate Ponzi Scheme Washington Post Kudlow to be top White House economic adviser as Trump adds longtime loyalist NAR - Realtor.com Home Sellers Now Use Spycams to Gather Intel on Prospective Buyers During Open Houses Fannie Mae Fannie Mae Announces Winner of its Latest Non-Performing ... Calculated Risk Blog Atlanta Fed: GDPNow delines to 1.9% for Q1 Freddie Mac Freddie Mac Prices $1.3 Billion Multifamily K-Deal, K-F44 Bloomberg Yield-Curve Flattening Gets New Life After Inflation Fears Subside CNBC Gundlach predicts a 3% yield on the 10-year Treasury will spell the end of the bull market Calculated Risk Blog Retail Sales decreased 0.1% in February CNBC Rising services costs lift US producer prices in February

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