Mortgage rates didn't move at all, again today. There really hasn't been any meaningful movement for more than 3 weeks. The same thing happened from late June through mid July. And if we broaden our definition of "sideways" just a bit, we can legitimately fit most of 2018 into the same conversation. Just about the only thing that's interesting about recent rate movement is that it continues to keep us generally closer to the highest levels in 7 years. Part of the current problem is simply the time of year. It's not uncommon to see underlying bond markets consolidate at some point in the summertime months before breaking higher or lower in September. The difference this time around is that part about 2018 being broadly sideways for the entire year. That would seem to suggest indecision among

August 30, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates: If You Like Boring, You're in Luck! Mortgage rates didn't move at all, again today. There really hasn't been any meaningful movement for more than 3 weeks. The same thing happened from late June through mid July. And if we broaden our definition of "sideways" just a bit, we can legitim... (read more) MBS Commentary MBS Live Recap: New Tariff News Helps Bonds Dig Into Range While we can't really avoid talking about "the range" recently (roughly 2.80 to 2.90 in terms of 10yr Treasury yields), we can at least talk about it in a slightly more enjoyable way today. As of yesterday afternoon, yields were essentially chal... (read more) Housing News Freddie Mac Updates Selling Guide, Introduces New Product Freddie Mac will be consolidating two of its mortgage products into a single offering effective October 29, 2018. The company announced this and other changes to its Selling Guide in a Bulletin on Wednesday. The affected products are Freddie Mac's Ho... (read more) Rob Chrisman DTC Product; CEO Events; Hedging Firms Making Moves Is there a place for age or sex discrimination in mortgage banking? Of course not. So the court case earlier this month involving Sacramento’s Summit Funding and Rick Ruby (LOs know him from CORE) is being followed closely by the industry. At t... (read more) Housing News Freddie Mac's Portfolio up 3.2 Percent for Year Freddie Mac reported today that its total mortgage portfolio increased at an annualized rate of 3.5 percent in July. The portfolio balance at the end of the period was $2.136 trillion compared to $2.130 trillion at the end of June and $2.044 trillion... (read more) MBS Commentary MBS Live Day Ahead: It Would Take Some Convincing to Break The Range Remember the flat, boring range between 2.8 and 2.9?  Or perhaps you prefer the slightly stricter version between 2.82 and 2.88? That's the range that dominated our conversation and bond trading beginning in late June.  The range went on va... (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 99.35 -0.16 Price / Yield Change MBS UMBS 5.5 99.37 -0.14 UMBS 6.0 101.29 -0.11 GNMA 5.5 99.63 -0.15 GNMA 6.0 101.28 -0.05 Pricing as of: 7/23 1:14PM EST 10 Year US Treasury 4.3887 +0.0427 Price / Yield Change US Treasury 2 YR Treasury 3.872 +0.042 5 YR Treasury 3.928 +0.043 7 YR Treasury 4.142 +0.043 10 YR Treasury 4.387 +0.041 30 YR Treasury 4.955 +0.039 Pricing as of: 7/23 1:14PM EST Latest Video Analyst downplays contagion of currency issues within emerging markets Buffett: Jay Powell a terrific Fed chairman If Fed was more agressive we'd have a normal yield curve, says pro Around the Web Reuters Trump wants to move ahead with tariffs on Chinese imports worth $200 billion next week: Bloomberg CNBC Jimmy Carter says Trump administration is ignoring affordable-housing shortage CNBC EU to US: We will scrap auto trade tariffs if you do Reuters Atlanta Fed lowers U.S. third-quarter GDP view to 4.1 percent NAHB Eye on Housing Mortgage Rates Flatten in July Calculated Risk Blog Personal Income increased 0.3% in July, Spending increased 0.4% Reuters U.S. weekly jobless claims rise, labor market still tightening builderonline.com Here are the Most Expensive ZIP Codes for Renters in the U.S. CNBC The Fed may finally see the change in inflation trend it's been looking for Reuters U.S. house prices to rise more than 6 percent this year, then slow: Reuters poll Reuters As clock ticks, Canada and U.S seek ways to salvage NAFTA Reuters Trump says NAFTA talks with Canada likely to meet Friday deadline builderonline.com Is Home Price Growth Over?

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