Mortgage rates were slightly lower again today, but there are some caveats. First of all, the average lender wasn't in substantially better shape compared to yesterday afternoon. On top of that, bond markets (the underpinnings of mortgage rates) weakened throughout the day. If lenders were beginning their day looking at current bond market pricing, we'd likely have seen rates edge slightly HIGHER. As such, unless bonds manage to receive solid support from Asia and Europe on Monday morning, US lenders will likely be forced to bring rates a bit higher. Despite those gray clouds on the horizon, the average lender was indeed able to offer their lowest rates in 2 weeks for the entirety of the day, providing a much-needed respite from the recent spike toward long-term highs. Loan Originator Perspective

September 28, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates at 2-Week Lows Mortgage rates were slightly lower again today, but there are some caveats. First of all, the average lender wasn't in substantially better shape compared to yesterday afternoon. On top of that, bond markets (the underpinnings of mortgage rates) weak... (read more) Housing News Freddie Mac Gives Shared Equity Ownership a Closer Look Freddie Mac made two announcements this week. The first is a long expected administrative change to requirements for private mortgage insurance (PMI) which will go into effect on March 31, 2019. The company updated these requirements under a mandate ... (read more) Rob Chrisman CE, Sales Products; Ocwen/PHH update; Agency Deals; Why Does Extending a Lock Cost Money? In less than 2 years, we'll be closer to 2070 than 1970! Does anyone feel that it’s silly to think of middle-aged mortgage bankers believing that they can still dance well to this song like they did 30-40 years ago? (Yes, Animal House is 40 yea... (read more) MBS Commentary MBS Live Day Ahead: Is it 'Game On' For a Rally? September has been a long month for the bond market as rates quickly trudged back up to levels that aligned with our more pessimistic assumptions for 2018.  With strong average hourly earnings to start the month and several other upper tier econ... (read more) Mortgage Rate Watch Mortgage Rates Lowest in More Than a Week Mortgage rates fell modestly again today. Over the past 2 days, we've managed to undo more than a week of damage, with rates back at their best levels since September 17th. That may sound a bit more exciting than it actually is, however. Many prospec... (read more) MBS Commentary MBS Live Recap: We've Been Here Before But This Time's Different In the past week, we've seen 10yr yields rise up and over 3.06%, flirt with 3.10%+ and come back down.  This has happened only one other time since rates set all-time lows in 2012 and 2016, and that was in May of this year.  Granted, rate... (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 The Fed and global central banks could push the U.S. into recession: Boockv... A bright spot in the sluggish real estate sector Consumer sentiment index at 100.1 in September Around the Web Redfin The Share of Homes Selling Above List Price Just Dropped Below 2016 Levels CNN 10 years after the crisis, some investors are still scared of stocks NAR - Realtor.com The Homes Where Families Go Off the Grid blog.stewart.com New Home Sales in August 2001 Up 12.7 Percent Year-Over-Year & Up 3.5 Percent Sequentially from July CNBC House passes GOP bill to make new tax cuts permanent Reuters Atlanta Fed pares U.S. third-quarter GDP growth view to 3.6 percent Bloomberg Cost of Owning a Home in Toronto, Vancouver Goes 'Off the Charts' NAHB Eye on Housing Southwest and the Rocky Mountain Regions Led GDP Growth in the First Quarter of 2018 Reuters U.S.-Mexico trade deal text to exclude Canada, irritating U.S. lawmakers CNBC US consumer spending increased steadily in August Reuters Italy raises deficit target, defies EU and rattles markets CNBC Fed's Treasury and securities holdings fall below $4 trillion for the first time in 4 years CNBC Bay Area home sales tank 10 percent in August to the slowest pace in 7 years

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