Mortgage rates were slightly higher today, depending on the lender . Many lenders ended up raising rates last Friday afternoon as underlying bond markets weakened. The remaining lenders had more distance to cover in terms of getting caught up with market movements. The average lender is just slightly worse off. Unfortunately, that puts rates at the highest levels in more than a month. Whereas there was clear cause and effect behind Friday's rate spike, today has been relatively drama-free and movement free. This can be viewed positively or negatively. On the one hand, it's nice to see rates seemingly holding their ground here after Friday's spike. On the other hand, the fact that rates AREN'T doing more to recover suggests they're not too terribly opposed to feeling out these new, higher levels

September 10, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Highest in Over a Month Mortgage rates were slightly higher today, depending on the lender . Many lenders ended up raising rates last Friday afternoon as underlying bond markets weakened. The remaining lenders had more distance to cover in terms of getting caught up with ma... (read more) Housing News Eye on Housing: Labor and Wage Demands Push Home Prices Higher Last week we summarized a report from the National Association of Home Builders on the acute labor shortages builders are indicating in responses to the NAHB/Wells Fargo monthly Housing Market Index survey. The July version asked a set of special que... (read more) Housing News Billions in Modified Pre-Crash Loans Continue to Perform Whether due to lessons learned from the foreclosure crisis, an improved economy, or a combination of these and other factors, Black Knight, in its current Mortgage Monitor , shows that foreclosure prevention measures can work . The company says that ... (read more) MBS Commentary MBS Live Day Ahead: Another Storm to Weather as Bonds Face More Econ Data Bonds/rates are in the process of defending their castle.  Their way of life inside those walls could be thought of as the general maintenance of a long-term ceiling near 3.0%.  On several occasions, invaders have broken the outer perimeter... (read more) Rob Chrisman App Product; Training and Events; Fed Officials Weigh in on Rates You’d be hard-pressed to find someone who hasn’t slept in a car at least once in their life. Whether it is having too much to drink, weary during a road trip, rain during a camping trip, on their way to a golf tournament, whatever. Even w... (read more) MBS Commentary MBS Live Recap: Bonds Take Breather After Volatile Friday Perhaps traders were tired?  Perhaps they are still on high alert but just haven't gotten to the week's more meaningful events yet?  Either way, there was effectively no drama for bonds today. This is both good and bad.   On a pos... (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 99.38 -0.13 UMBS 6.0 101.28 -0.11 GNMA 5.5 99.60 -0.17 GNMA 6.0 101.28 -0.05 Pricing as of: 7/23 1:17PM EST 10 Year US Treasury 4.3887 +0.0427 Price / Yield Change US Treasury 2 YR Treasury 3.872 +0.042 5 YR Treasury 3.927 +0.042 7 YR Treasury 4.142 +0.044 10 YR Treasury 4.387 +0.041 30 YR Treasury 4.955 +0.039 Pricing as of: 7/23 1:17PM EST Latest Video No warning signs in near term for a financial crisis, says former Neuberger... Tariffs aren't going to kill the business cycle, says Natixis chief US econ... Larger financial institutions substantially safer than 10 years ago, says f... Around the Web Bloomberg ETF Buyers Hunting for Yield Bet on Treasuries Brookings Institution Mapping the boom in nonbank mortgage lendingand understanding the risks Calculated Risk Blog Hotels: Occupancy Rate On Pace for Record Year blog.stewart.com Been There, Done That Housing is Still Somewhat Affordable CNBC This is the U.S. city where millennials carry the highest debt CNBC 10 years after the financial crisis, this retirement dilemma still hasn't been solved CNBC Yield-curve hysteria is actually much ado about nothing Bloomberg Intensifying Hurricane Florence Could Strike US Southeast CNBC Nearly 6 in 10 workers are still recovering after the Great Recession NAR - Realtor.com Got Lousy Credit? 10 Places Where It Won't Stop You From Buying a Home Bloomberg Fed's Rosengren Wants Two More Hikes in 2018 as Economy Grows Brookings Institution People in the middle of the middle are richer than those in the middle, says Pew. Mmm. Bloomberg Kudlow Says US Willing to Talk With China as Tariffs Loom

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