Mortgage rates were unchanged for some lenders today while others were in slightly higher territory. Either way, that leaves the average lender at the highest levels in more than 7 years. For what it's worth, there are a few lenders that were slightly worse off for a day or two earlier this year. In terms of outright levels, the average top-tier scenario is being quoted 4.875% today. Why so high? Part of the problem is ongoing . A strong economy is not good for rates and neither is additional government borrowing--both big issues in 2018. Those big issues go hand-in-hand with a Federal Reserve that is more willing to hike its policy rate and shrink its balance sheet. We'll get a fresh update on the Fed's outlook tomorrow, and indeed, that could be part of the reason that rates are staging at

September 25, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Unchanged to Slightly Higher Mortgage rates were unchanged for some lenders today while others were in slightly higher territory. Either way, that leaves the average lender at the highest levels in more than 7 years. For what it's worth, there are a few lenders that were slightl... (read more) Housing News Home Prices Slowing Their Momentum, Catching up With Housing Both of the major home price indexes that were released this morning showed continued deceleration in the rate of appreciation, even though July is usually one of the strongest months of the year for home price gains. The Federal Housing Finance Agen... (read more) Rob Chrisman LO Jobs; Digital, QC Products; Lender M&A; Fast Approaching Training and Events The U.S. economy and job market are firing on nearly all cylinders (hence higher rates) but the housing market has essentially stalled. Here’s a stat that most real estate agents and lenders will agree with: Home purchases by international buye... (read more) MBS Commentary MBS Live Day Ahead: Here's The Wind-Up We talk sometimes about bonds taking a "lead-off" (like in that sport that a few of us still remember).  Well, at least I talk about bonds taking a lead-off.  In baseball, it's pretty much a given any time a runner is on base.  The on... (read more) MBS Commentary MBS Live Recap: Bonds Biding Time Until Wednesday Have you heard?  The Fed announcement is coming up on Wednesday.  While you've undoubtedly heard about that more than a few times (unless this is your first day here, in which case, welcome!), it continues to bear repeating, largely becau... (read more) MBS Commentary MBS Live Recap: Despite Strong Data, Bonds Remain Focused on Fed Bonds began the day in weaker territory this morning, and they didn't need anyone to twist their arm in getting there.  That was our first clue that traders are simply positioned extra defensively ahead of tomorrow's FOMC events (announcement,... (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 99.91 +0.07 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 5:06AM EST 10 Year US Treasury 4.2592 -0.0206 Price / Yield Change US Treasury 2 YR Treasury 3.769 -0.019 5 YR Treasury 3.846 -0.021 7 YR Treasury 4.034 -0.023 10 YR Treasury 4.258 -0.022 30 YR Treasury 4.785 -0.024 Pricing as of: 7/3 5:06AM EST Latest Video CNBC Fed Survey: Only 14.4% chance of recession in next 12 months There's a chance for a more dovish Fed in 2019, says pro CNBC Fed Survey: Stocks and bonds headed higher Around the Web CNBC CNBC FED SURVEY: CNBC'S STEVE LIESMAN: FED EXPECTED TO HIKE RATES TWICE MORE THIS YEAR AND THEN RISK A 'POLICY MISTAKE' Calculated Risk Blog Update: A few comments on the Seasonal Pattern for House Prices CNBC Amazon makes first investment in a home builder, backing start-up focused on prefabricated houses CNBC The key bond rate that affects mortgages looks ready to break higher Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in July Calculated Risk Blog Richmond Fed: "Fifth District Manufacturing Activity Was Robust in September" CNBC Consumer confidence rises to highest level in 18 years Redfin Redfin Housing Demand Index Unchanged For Fourth Consecutive Month in August Bloomberg Fed Rate Path, ECB Inflation Comments, Italy's Budget: Eco Day Calculated Risk Blog Case-Shiller: National House Price Index increased 6.0% year-over-year in July NAHB Eye on Housing Northeast and Midwest Lags in Job Gains in August CNBC Rates rise as Fed set to begin two-day meeting; 10-year Treasury yield hits highest since May Reuters China says U.S. putting 'knife to its neck', hard to proceed on trade

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