Mortgage rates were flat for the 4th day in a row today in a sign that investors have largely taken their seats for tomorrow's big show. The Fed will release its new policy statement at 2pm tomorrow, and while they're not expected to hike rates this time around, there are other important considerations that could have a big impact on rates. One of the considerations is the fact that March is one of the months where the Fed updates its economic projections. Investors largely tune-in to these for a glimpse at the collective rate hike outlook. This has caused big market movement in the past, but something else could be even more important tomorrow. The Fed has increasingly mentioned the impending end of its balance sheet runoff , which refers to its policy of NOT buying bonds with the money it

March 19, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Rates Unchanged for 4th Straight Day. That Should Change Tomorrow Mortgage rates were flat for the 4th day in a row today in a sign that investors have largely taken their seats for tomorrow's big show. The Fed will release its new policy statement at 2pm tomorrow, and while they're not expected to hike rates this ... (read more) Housing News Once Considered Inferior, Automated Appraisals Are Helping Stem Default Risk Although lacking in popularity, it appears that automated appraisals have obtained their intended results. Urban Institute (UI) researchers Laurie Goodman and Jun Zhu found the changes have helped to lower default rates. They suggest that, in turn, s... (read more) MBS Commentary MBS Live Day Ahead: Looks Like We Made It Rates staged an impressive rally in November and December before bottoming out on the first trading day of 2019.  The bounce was fairly abrupt at the time and it roughly coincided with 2017's highs.  It was as if the bond market was sayin... (read more) MBS Commentary MBS Live Recap: Bonds Officially Held January's Range Ahead of March Fed Announcement Bonds began the day in weaker territory following overnight headlines suggesting European leaders would be going up to bat for a compromise Brexit deal.  "Less bad" economic data in Germany also contributed to European bond market selling.&nbs... (read more) Rob Chrisman Sales, Marketing Products; Lender Training; MBS Platform Updates At roughly $8,500 per loan and continuing to defy gravity, scholars disagree on whether vendors lower the cost of originating a residential loan. But then again, scholars disagree on everything. (We can expect new cost figures from the MBA early next... (read more) MBS Commentary MBS Live Recap: After Green Binge, Bonds Take "Sick" Day For the bond market St Paddy's day was a 2 week celebration of "green" (as in the color of price gains or falling yields on trading terminals) beginning on March 4th.  Eight of those 10 business days saw yields move lower with last Friday markin... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.77% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.77% -0.01 0.00 15 Yr. Fixed 6.03% -0.01 0.00 30 Yr. FHA 6.35% 0.00 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% +0.01 0.00 30 Yr. VA 6.36% 0.00 0.00 Updates Daily - Last Update: 7/22 15 Yr. Fixed Rate 6.03% -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 6.82% +0.05 0.62 15 Yr. Fixed 6.11% +0.07 0.66 30 Yr. Jumbo 6.81% +0.12 0.39 Updates Weekly - Last Update: 7/16 MBS / Treasuries UMBS 30YR 5.5 99.50 -0.01 Price / Yield Change MBS UMBS 5.5 99.50 -0.01 UMBS 6.0 101.36 -0.04 GNMA 5.5 99.72 -0.06 GNMA 6.0 101.28 -0.04 Pricing as of: 7/23 8:29AM EST 10 Year US Treasury 4.3574 +0.0114 Price / Yield Change US Treasury 2 YR Treasury 3.843 +0.014 5 YR Treasury 3.899 +0.014 7 YR Treasury 4.113 +0.014 10 YR Treasury 4.361 +0.015 30 YR Treasury 4.931 +0.014 Pricing as of: 7/23 8:29AM EST Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web Calculated Risk Blog Lawler: Early Read on Existing Home Sales in February Reuters Hopes of accommodative Fed spur Wall Street to five-month highs Bloomberg Some U.S. Officials See China Walking Back Trade Pledges Calculated Risk Blog CAR: "California home sales rebound in February" Calculated Risk Blog Housing Inventory Tracking CNBC US factory orders rise less than expected in January NAHB Eye on Housing Updated Snapshot of Local HBA Economics and Housing Statistics Calculated Risk Blog Hotels: Occupancy Rate Decreased Year-over-year Reuters May looks for way to Brexit as EU summit looms Bloomberg Bond Traders Have Forgotten the Taper Tantrum CNBC These are the best and worst cities for first-time home buyers Calculated Risk Blog Goldman: FOMC Preview Brookings Institution Robots kill jobs. But they create jobs, too.

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