Mortgage rates didn't move much today, despite a somewhat decent improvement in bond markets. Overnight, trade war brinksmanship between the US and China had investors seeking the safe haven of bond markets. Excess demand for bonds pushes rates lower, all other things being equal. As is often the case with safe haven trades, US Treasuries saw more of the benefit than the bonds that underlie mortgage rates. The net effect is a move back in line with last Friday's levels for the average mortgage lender. Loan Originator Perspective Bond markets rallied as trade war fears grew today. Tariffs hurt economic growth, and boost bonds. I'm not sure rate sheets reflect the improvements yet, will float today's loans overnight and hope gains get passed along. - Ted Rood Talks of a Trade War continue to

June 19, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Barely Budge Despite Market Gains Mortgage rates didn't move much today, despite a somewhat decent improvement in bond markets. Overnight, trade war brinksmanship between the US and China had investors seeking the safe haven of bond markets. Excess demand for bonds pushes rates lower... (read more) Housing News A New CFPB Director? Perhaps That's Not the Intention The White House announced on Monday the nomination of Kathy Kraninger as head of the Consumer Financial Protection Bureau (CFPB) to replace acting director Mick Mulvaney. The appointment caught many in Washington by surprise as Kraninger is not widel... (read more) MBS Commentary MBS Live Recap: Lowest Yields of The Month June began with yields plateauing after rising from the Italy-inspired lows of late May.  10yr yields managed to avoid breaking above 3% until last week's much-anticipated Fed Day.  Even then, the Fed and the ECB ultimately gave way to the ... (read more) Housing News Housing Starts Rebounded in May, Permits Still Lag Residential construction data was mixed for May as reported on Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Housing starts recovered strongly from their April loss while permits continued lower. Housing start... (read more) Rob Chrisman LO Training and Events; Trade Turmoil's Effect on Rates When I grow up I want to live in a ranch style… shipping container? If you have a builder complaining about lumber costs or labor to frame a house, there’s always metal. “From rooftop decks to custom wood floors, these repurposed s... (read more) MBS Commentary MBS Live Day Ahead: Bonds Begin With a Bang You're welcome!   I knew if I lamented the slow and boring nature of the week ahead yesterday that I could trick the bond market into doing something exciting.  Sure, it was a 50/50 chance that my little ploy could backfire, but at least th... (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 Escalating tariffs pose major risks to the economy 'This is a trade dispute, nothing more, nothing less' says White House Trad... Trade tensions escalate between China and the United States Around the Web Calculated Risk Blog Existing Home Sales: Take the Under for May Bloomberg Bond Traders Get Ready for Yield-Curve Inversion as Soon as Next Week Bloomberg Trade Tensions Escalate, Draghi Patience, Jobs Puzzle Calculated Risk Blog Comments on May Housing Starts Freddie Mac Freddie Mac Forgoes Issuing a Reference Notes Security on its June 19, 2018 Announcement Date Freddie Mac Freddie Mac Prices $1.0 Billion Multifamily K-Deal, K-077 OCC OCC Reports Mortgage Performance Unchanged CNBC Most people still don't understand a thing about their credit score, and it's costing them BIG time blog.stewart.com Another Top-10 List Where Millennials Are Moving 2018 Bloomberg US Homes Are a Lot Cheaper Than They Look, Harvard Study Finds Reuters Germany's Ifo sees euro crisis 2.0, trade war slashing growth Reuters ECB patient and gradual with rate hikes, Draghi says Reuters China slams U.S. 'blackmailing' as Trump issues new trade threat

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