Mortgage rates moved slightly higher today as trade war fears waned for financial markets. There's not a direct connection between trade issues and mortgage rates, but like any prominent financial news, there are usually only a few degrees of separation. In the current case, stocks had moved quickly lower in recent weeks as the trade war potential increased. That weakness ultimately threatened to push stocks below early February's "crash" levels. Investors assumed that additional weakness would follow if that line in the sand is crossed. With that in mind, the bond market got in position to soak up some of the panic money fleeing from the stock market. When there is extra demand for bonds, bond prices rise and interest rates fall--all other things being equal. From there, the bonds that underlie

April 5, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Edge Higher Ahead of Jobs Report Mortgage rates moved slightly higher today as trade war fears waned for financial markets. There's not a direct connection between trade issues and mortgage rates, but like any prominent financial news, there are usually only a few degrees of separat... (read more) Housing News Lenders Tightening Credit Access; Index Down for Second Month Mortgage credit access tightened for the second straight month in March. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) declined 1.5 percent to 177.9 compared to February and has lost 5.0 points since Januar... (read more) Housing News Renters Losing Interest in Homeownership Along with a declining rate of homeownership, analysts have noted over the last few years that fewer Americans appear to be heavily invested in the dream of owning a home. New research from Freddie Mac gives more credence to what a company official c... (read more) Rob Chrisman Cyber Certification and Compliance Products; FHA and VA Updates My father was in the U.S. Navy for 20 years (1942-1962) and his first home loan in 1967 was a VA 30-year fixed rate mortgage. That was obviously pre-internet, and now there are tools on the web to help veterans. For example, want to help your VA borr... (read more) MBS Commentary MBS Live Day Ahead: Bonds Back in March's Range The month of March was characterized by 10yr yields repeatedly bouncing at a floor of 2.80% in terms of 10yr yields.  At the time, I argued that--while we were indeed seeing 2018's first correction after the nasty little sell-off in the first 45... (read more) MBS Commentary MBS Live Recap: Less Volatile Version of Same Old Theme; NFP Tomorrow I'm running out of ways to talk about trade-war-related headlines driving risk-on vs risk-off movement in stocks and bonds.  In case you've missed it, this simply refers to stock market losses heading into the end of last week in response... (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 99.92 +0.08 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 4:53AM EST 10 Year US Treasury 4.2553 -0.0245 Price / Yield Change US Treasury 2 YR Treasury 3.771 -0.017 5 YR Treasury 3.848 -0.019 7 YR Treasury 4.035 -0.021 10 YR Treasury 4.260 -0.020 30 YR Treasury 4.786 -0.023 Pricing as of: 7/3 4:53AM EST Latest Video Closing Bell Exchange: Volatility reminiscent of what we saw in '87, says C... Navarro: Our goal to stop trade imbalances Initial jobless claims up 24,000 to 242,000 Around the Web CNBC Here's how we'll know when it's an actual trade war NY Times C.F.P.B.'s Chief Gives Big Raises, Even as He Criticizes Spending consumerfinancemonitor.com Treasury issues recommendations for modernizing the CRA Reuters Wall St. rises, on track for third day of gains as trade fears ebb Freddie Mac Mortgage Rates Drive Declines in Apartment Investment Market Index NAR - Realtor.com Home Solar Dims as Tesla, Others Curb Aggressive Sales NAHB Eye on Housing Construction Self-Employment Rates Exceed 23% Calculated Risk Blog March Employment Preview CNBC How much you need to save to afford to buy a home Calculated Risk Blog Weekly Initial Unemployment Claims increase to 242,000 CNBC Home buying market so brutal, some home buyers make offer sight unseen Calculated Risk Blog Trade Deficit at $57.6 Billion in February Bloomberg U.S. Is Restricting Lenders in Veterans' Mortgage Crackdown

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