Mortgage rates dropped convincingly today, bringing them to new long-term lows. The average lender hasn't offered anything lower for more than a year (January 2018). The improvement came on a combination of news headlines, economic data, and the scheduled sale of US 10yr Treasury debt. The news headlines in question pertain to Brexit. To oversimplify a complicated topic, there had been some hope for a compromise Brexit deal overnight. Such a deal would ease some concerns about uncertain market outcomes. That uncertainty has helped keep rates lower , so clearing it up meant upward pressure on rates. As the day progressed, however, the compromise deal fell apart, and rates moved lower accordingly. Economic data also has an impact on rates. In this case, it was the Consumer Price Index (an inflation

March 12, 2019 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.02%   6.11% 7.26% 15 Yr. Fixed 5.72% +0.02%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 12, 2019 Mortgage Rates Drop to New 14-Month Lows Tue, Mar 12, 2019 3:52PM Mortgage rates dropped convincingly today, bringing them to new long-term lows. The average lender hasn't offered anything lower for more than a year (January 2018). The improvement came on a combination of news headlines, economic data, and the scheduled sale of US 10yr Treasury debt. The news headlines in question pertain to Brexit. To oversimplify a complicated topic, there had been some hope for a compromise Brexit deal overnight. Such a deal would ease some concerns about uncertain market outcomes. That uncertainty has helped keep rates lower , so clearing it up meant upward pressure on r... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.02 0.00 15 Yr. Fixed 5.72% +0.02 0.00 30 Yr. FHA 6.00% +0.03 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% +0.02 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 9/12 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.13 +0.02   97.47 101.61 UMBS 30YR 6.0 102.40 0.00   99.66 102.50 10 YR Treasury 4.066 +0.040   3.621 4.780 MBS Live Recap: Bonds Go 3 For 3 on Friendly Developments Tue, Mar 12, 2019 4:18PM There were three salient market movers for the bond market today with one of them being a 2-parter.   First up was Brexit news in the overnight session.  This began with a compromise deal looking more possible early on.  The result was a move toward higher yields early in the overnight session (compromise + deal = soothing to market unc... (read more) MBS Live Day Ahead: Brexit News Behind The Scenes; US Econ Data in Front Tue, Mar 12, 2019 9:48AM Just as yesterday's domestic trading hours ended, British Prime Minister Theresa May met with EU leaders to try to tweak the Brexit proposal enough to gain the support of hardliners in the UK who would prefer to cut all ties over compromise.  Th... (read more) MBS Price Change UMBS 5.0 99.63 +0.06 UMBS 5.5 101.13 +0.02 UMBS 6.0 102.40 0.00 GNMA 5.0 100.00 -0.08 GNMA 5.5 101.13 -0.08 GNMA 6.0 102.01 -0.04 Pricing as of: 9/13 3:08AM EST US Treasury Yield Change 2 YR Treasury 3.553 +0.009 5 YR Treasury 3.630 +0.027 7 YR Treasury 3.816 +0.038 10 YR Treasury 4.066 +0.040 30 YR Treasury 4.681 +0.023 Pricing as of: 9/13 3:08AM EST Other News Homeowners With Equity to Lose More Likely to Pay on Time Tue, Mar 12, 2019 1:32PM Increasing home prices have the additional benefit of reducing mortgage foreclosures according to CoreLogic. The company's Loan Performance Insights report for December notes the 30+ day delinquency rate is at a 10-year low. Frank Nothaft, CoreLogic's chief economist says "Our latest home equity report found that the average homeowner saw a $9,700 increase i... (read more) Single GSE Security Release Date Set Tue, Mar 12, 2019 10:33AM Fannie Mae and Freddie Mac (the GSEs) have each issued birth announcements for their long-anticipated Uniform Mortgage-Backed Securities (UMBS). The two companies will begin issuing the UMBS on June 3, 2019. Their announcements follow publication of a final rule governing the security from the Federal Housing Finance Agency (FHFA), the GSEs' conservator, on ... (read more) Non-QM, Investor, DPA Products; VA, FHA, USDA Ginnie News; UMBS News Tue, Mar 12, 2019 8:41AM This morning I’m feeling old after a 3AM wake up call to travel from Ellie Mae’s conference in San Francisco to the MBAKY in Louisville. (Speaking of “old,” the other day I saw an elderly couple walking down the street sporting identical T-shirts printed with, “Do not resuscitate.” But with big arrows underneath pointing t... (read more) Latest Video Lighthizer: Calls with China last night and tomorrow over trade Wells Fargo CEO Tim Sloan: Customers can still trust us Congress to hear testimony from Wells Fargo CEO, US trade representative Li... White House unveils 2020 budget proposal Around the Web Reuters UK parliament's rejection of Brexit deal raises no-deal risk: Tusk's spokesman NAR - Realtor.com Home Remodeling Is a $450 Billion Market, and It's Only Going to Get Bigger NPR Decision Day: Will The U.K. Go For Brexit, Or Not? Calculated Risk Blog Goldman: "The Housing Rebound" Calculated Risk Blog Key Measures Show Inflation about the same in February as in January on a YoY basis Reuters Top U.S. trade official says WTO must reform outdated playbook Calculated Risk Blog Small Business Optimism Index increased slightly in February CNBC US consumer prices rose 0.2% in February Bloomberg Buyers Finally Get the Upper Hand in Hottest U.S. Housing Markets CNBC Here's how many millennials got money from their parents to buy their homes Bloomberg Low Inflation Is Federal Reserve's Maddening Unsolved Mystery Reuters Stocks rise in broad rally, Treasury yields gain CNBC Why rising wages could push the Fed toward more rate hikes yet

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.