Mortgage rates have been on a tear recently , moving sideways with reckless abandon. Since the middle of February, the "effective rate" (based on actual rate sheet offerings and upfront costs) has held inside a narrow range of 4.52% and 4.58%. This lies in stark contrast to the persistent move higher during the first month and a half of 2018 which saw the same effective rate rise from roughly 4.0% into the 4.5% range. When rates are as flat as they are on the approach to a key market event like this Wednesday's Fed announcement. We often see a break in that narrow range after the key event. For now, there's no reason to believe Wednesday WON'T be such a day this time around. Even if Wednesday turns out to be a dud in terms of its impact on rates, it's always safest to plan for the risk (or

March 19, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.22% +0.09%   6.11% 7.26% 15 Yr. Fixed 5.75% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.14% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Mar 19, 2018 Mortgage Rates Maintain Flat Trajectory Ahead of Fed Mon, Mar 19, 2018 4:17PM Mortgage rates have been on a tear recently , moving sideways with reckless abandon. Since the middle of February, the "effective rate" (based on actual rate sheet offerings and upfront costs) has held inside a narrow range of 4.52% and 4.58%. This lies in stark contrast to the persistent move higher during the first month and a half of 2018 which saw the same effective rate rise from roughly 4.0% into the 4.5% range. When rates are as flat as they are on the approach to a key market event like this Wednesday's Fed announcement. We often see a break in that narrow range after the key event. Fo... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% +0.09 0.00 15 Yr. Fixed 5.75% +0.04 0.00 30 Yr. FHA 5.95% +0.04 0.00 30 Yr. Jumbo 6.14% -0.01 0.00 7/6 SOFR ARM 5.65% 0.00 0.00 30 Yr. VA 5.98% +0.06 0.00 Updates Daily - Last Update: 9/17 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 99.75 -0.21   95.05 100.50 UMBS 30YR 5.5 101.18 -0.06   97.47 101.61 10 YR Treasury 4.058 +0.028   3.643 4.780 MBS Live Week Ahead: Absolutely No Significant Data Ahead of The Fed Mon, Mar 19, 2018 9:15AM If it weren't for the Fed Announcement on Wednesday, this would look like a prime vacation week for market participants as there is a distinct lack of relevant economic data.  In fact, there's only one top tier report: Friday's Durable Goods.&... (read more) MBS Live Recap: Typically Boring Consolidation Ahead of The Fed Fri, Mar 16, 2018 5:36PM There were quite a few economic reports on tap today, and that made for some entertaining market watching!  Reason being, every time a report came out, bonds were in the middle of one of their periodic sideways plateaus that followed what little... (read more) MBS Live Recap: Stock Losses Helped But Bonds Had Their Own Limits Mon, Mar 19, 2018 4:44PM Bonds entered the domestic session feeling a bit down on their luck.  There was some general weakness early in the overnight session, but just before 8am, European Central Bank (ECB) sources were quoted (anonymously) as generally approving of the market's consensus for policy tightening.  Specifically, the sources didn't push back on the view tha... (read more) MBS Price Change UMBS 4.5 97.80 -0.23 UMBS 5.0 99.80 -0.15 UMBS 5.5 101.17 -0.06 GNMA 4.5 98.12 -0.04 GNMA 5.0 100.07 -0.13 GNMA 5.5 101.15 -0.06 Pricing as of: 9/17 4:33PM EST US Treasury Yield Change 2 YR Treasury 3.536 +0.033 5 YR Treasury 3.630 +0.044 7 YR Treasury 3.815 +0.044 10 YR Treasury 4.061 +0.031 30 YR Treasury 4.663 +0.011 Pricing as of: 9/17 4:33PM EST Other News Future Housing Market at Mercy of Young Adults Mon, Mar 19, 2018 3:23PM Freddie Mac's economists headlined their March Outlook economic report "Adulting is Hard." The newest crop of young adults may find this to be truer than others. They have been slow to reach life's milestones like getting married, starting families and living independently, but with some valid reasons. Many came of age in the midst of recession ; wage growth... (read more) Tax and Sales Products; Mergers Continue; Fed Meeting This Week Mon, Mar 19, 2018 9:08AM For me the last seven days included California, Texas, Nevada, and Illinois. What am I seeing? Some companies are doing well. Others aren’t, and unfortunately, probably more fall into this latter category due to margins and volumes both dropping. Here’s a note from a warehouse rep in the Southeast. “Rob, everyone knew, at some point, rates ... (read more) Latest Video A lot of concerns causing market sell off: Kenny Polcari Santelli Exchange: U.S. 10-year note yields trade in a tight range Trade and tariffs front and center Around the Web Calculated Risk Blog Lawler: Early Read on Existing Home Sales in February Bloomberg Quicken Loans Is Sued by Data Startup Claiming Trade Secrets Theft CNBC January's record highs may have been the market top for 2018, Morgan Stanley says NAR - Realtor.com San Francisco's Surging Market Shows No Signs of Slowing Down, Bubble Bursting CNBC A surprise from the Fed this week could trigger a market tantrum, says market watcher Calculated Risk Blog Q1 GDP Forecasts PR Newswire Inventory Limits February Home Sales While Pushing Up Prices The Basis Point One-Click Home Sales: Opendoor CEO Eric Wu's Vision Freddie Mac Past as Prologue: How Rising Rates Affect the Industry CNBC Trump may ease bankruptcy rules to cut student loan debt Calculated Risk Blog FOMC Preview builderonline.com HUD Says it Needs More Funding for Much-Needed Updates builderonline.com How Real Estate Agents Find the Best Deals - For Themselves

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