Mortgage rates were sideways to slightly lower today, depending on the lender. The discrepancy stems from mid-day bond market gains that were just barely enough for a few lenders to go to the trouble of revising their mortgage rate sheets before the end of business. In other words, if bonds were to hold in similar territory by tomorrow morning, we'd likely see most lenders offering slightly better deals. There's a big question mark over tomorrow morning, however, due to the important jobs report set to be released at 8:30am ET. This is traditionally the most important economic report of any given month when it comes to interest rate reactions. While it can occasionally fail to cause a stir, it should always be respected for it's volatility-inducing potential. The timing of the data means that

September 6, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Sep 6, 2018 Mortgage Rates Side-Step Ahead of Jobs Report Thu, Sep 6, 2018 4:06PM Mortgage rates were sideways to slightly lower today, depending on the lender. The discrepancy stems from mid-day bond market gains that were just barely enough for a few lenders to go to the trouble of revising their mortgage rate sheets before the end of business. In other words, if bonds were to hold in similar territory by tomorrow morning, we'd likely see most lenders offering slightly better deals. There's a big question mark over tomorrow morning, however, due to the important jobs report set to be released at 8:30am ET. This is traditionally the most important economic report of any gi... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.28 +0.16   97.47 101.61 UMBS 30YR 6.0 102.54 +0.05   99.66 102.54 10 YR Treasury 4.039 -0.047   3.621 4.780 MBS Live Day Ahead: Bonds at Least Have a Chance Thu, Sep 6, 2018 10:24AM I've been pretty bearish on bonds, in general, since the end of 2016.  Against that backdrop, we can of course still look for tactical opportunities, but there are also times to reinforce our defensive stance.  The most recent bounce in rat... (read more) MBS Live Recap: Burden of Proof Shifts to Bond Bulls Wed, Sep 5, 2018 4:45PM The first two trading days of September introduce a somewhat serious threat to the calm, sideways range that dominated the past 3 weeks.  Granted, the rate spike in late July introduced a similar threat to the similar sideways range and we lived to tell the tale, but the bond bulls definitely made a weaker showing this time.  10yr yields only spe... (read more) MBS Live Recap: Bonds Boosted by EU Weakness Ahead of NFP Thu, Sep 6, 2018 4:39PM Bonds were weaker in the overnight session, but only slightly.  The onset of domestic trading saw a stronger contingent of traders lined up to buy bonds at the 8:20am CME open.  The 8:15am ADP data was weaker.  It may have helped a bit, but bonds were keen to wait another 5 minutes before the first noticeable rally of the morning. We drift... (read more) MBS Price Change UMBS 5.0 99.78 +0.31 UMBS 5.5 101.28 +0.16 UMBS 6.0 102.54 +0.05 GNMA 5.0 100.07 +0.24 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.18 +0.05 Pricing as of: 9/8 6:21PM EST US Treasury Yield Change 2 YR Treasury 3.487 -0.030 5 YR Treasury 3.562 -0.027 7 YR Treasury 3.768 -0.032 10 YR Treasury 4.039 -0.047 30 YR Treasury 4.690 -0.079 Pricing as of: 9/8 6:21PM EST Other News Housing Goldmine Gets 2 New Years of Data Thu, Sep 6, 2018 1:01PM Housing trivia probably isn't a major hobby, but if you are into it, it is your birthday and the U.S. Census Bureau brought a present. The Bureau has just released the results of its 2017 American Housing Survey . Not to make light of it, the biennial AHS is a huge aid to researchers or anyone who needs information on the size, composition, condition, and am... (read more) Construction Loan Product; Freddie and Fannie Aren't Sitting Still; LIBOR Phase-Out Update Thu, Sep 6, 2018 8:54AM In September, major league baseball teams expand their 25-man roster to 40 as teams scramble for the playoffs in October. In the mortgage business, however, rosters are being cut in the 2nd and 3rd quarters as lenders reversed course and achieved a $580 per loan profit versus the $118 loss in the first quarter. Will the industry follow baseball into the fall... 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