Mortgage rates moved higher for some lenders and lower for others, depending on how that particular lender adjusted their rate sheets on Friday afternoon. While the bonds that underlie mortgage rates are moving constantly throughout the day, lenders want to see a certain amount of movement in any given direction before they go to the trouble of adjusting their mortgage rate offerings. Friday began with weaker bonds. Consequently the first mortgage rate sheets of the day were worse than Thursday's (i.e. rates were higher). But bonds improved throughout the day--just enough for a handful of lenders to adjust rates lower. Lenders in that "handful" had to move rates back up a bit today. Lenders not in that handful were able to drop rates just a hair from Friday morning's levels. All this having

August 27, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Higher (or Lower) Depending on Lender Mortgage rates moved higher for some lenders and lower for others, depending on how that particular lender adjusted their rate sheets on Friday afternoon. While the bonds that underlie mortgage rates are moving constantly throughout the day, lenders ... (read more) MBS Commentary MBS Live Week Ahead: Last Week of Summer For Bonds Even though quite a few kids are going back to school today, there's still one week of Summer remaining for the bond market.  Labor Day (this upcoming weekend) is a major dividing line.  It marks the shifting of gears back into a more serio... (read more) Mortgage Rate Watch Mortgage Rates Edge Higher, Then Lower Mortgage rates began the day slightly higher . In fact, for several lenders, it was the biggest day-over-day move higher in more than 2 weeks. The key word here is "was." Things quickly changed in the mid-morning hours after Fed Chair Jerome Powell d... (read more) Housing News Fannie/Freddie Invoke Disaster Policies in Wake of Hurricane Lane The rain is still pouring down in Oahu, but Fannie Mae and Freddie Mac are ahead of the game. Both GSEs have already announced that their disaster relief programs are in effect for those impacted by Hurricane Lane. Assistance is available for borrowe... (read more) MBS Commentary MBS Live Recap: Stocks and Bonds Cheer Dovish Powell If you knew what to look for, today's comments from Fed Chair Powell erred on the side of dovishness--that is, they were rate-friendly.  They were also stock-friendly for that matter, which is probably why both stocks and bonds rallied in resp... (read more) MBS Commentary MBS Live Day Ahead: A Petition to Rename The Jackson Hole Symposium Dear Kansas City Fed, Thank you for hosting another year of the storied Jackson Hole Symposium.  I'm not here to vent about the fact that you could easily handle this event in Kansas City instead of in a venue that sort of exemplifies much ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.41 -0.10 Price / Yield Change MBS UMBS 5.5 99.35 -0.15 UMBS 6.0 101.28 -0.12 GNMA 5.5 99.62 -0.16 GNMA 6.0 101.22 -0.11 Pricing as of: 7/23 1:04PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.877 +0.048 5 YR Treasury 3.931 +0.046 7 YR Treasury 4.145 +0.047 10 YR Treasury 4.390 +0.044 30 YR Treasury 4.957 +0.041 Pricing as of: 7/23 1:04PM EST Latest Video Futures Now: Bond yields bounce Stocks rally following US-Mexico trade deal Odds are increasing that something goes wrong in the economy, says Moody's ... Around the Web Bloomberg Starter-Home Affordability Hits a Decade Low Calculated Risk Blog Housing Inventory Tracking Reuters Markets may be signaling rising recession risk: Fed study Calculated Risk Blog Dallas Fed: "Robust Expansion in Texas Manufacturing Continues" Bloomberg Fed Hikes May Create Depressed, Not Inverted Yield Curve, Says Purves Reuters Turkey says wants to take relations with EU to a new phase Reuters Mexico-U.S. NAFTA agreement close, but item still pending: minister NAHB Eye on Housing Age of Housing Stock by State CNBC El-Erian sees a 60% chance that Trump's hard line with China and Europe yields 'fairer trade' Calculated Risk Blog Chicago Fed "Index points to a moderation in economic growth in July" Bloomberg Pimco's Ivascyn Says Trade Tensions May Actually Benefit Economy CNBC US Treasury yields lower after Fed's Powell signals further rate rises Reuters S&P 500 reaches new high to clinch record bull run

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