An uptick in mortgage rates was blamed by the Mortgage Bankers Association (MBA) for the first decline in mortgage applications in three weeks. MBA's Market Composite Index, a measure of mortgage loan application volume, decreased 2.5 percent on a seasonally adjusted basis during the week ended March 1. The prior week, which ended February 22, included an adjustment for the Presidents' Day holiday. On an unadjusted basis, the Index increased 10 percent. The Refinance Index decreased 2 percent from the previous week and the share of refinancing applications shrank from 40.4 percent of those submitted to 40.0 percent. The seasonally adjusted Purchase Index dipped 3 percent from one week earlier but was up 11percent on an unadjusted basis. The unadjusted index was 1 percent higher than during

March 6, 2019 Download our Mobile App: Download our Mobile App: Housing News Mortgage Apps: Higher-End Buyers Readying for Spring Market An uptick in mortgage rates was blamed by the Mortgage Bankers Association (MBA) for the first decline in mortgage applications in three weeks. MBA's Market Composite Index, a measure of mortgage loan application volume, decreased 2.5 percent on a se... (read more) MBS Commentary MBS Live Day Ahead: What's Up With Stocks Versus Bonds Recently? If you're a frequent reader, you're likely tired of hearing about "the range."  Such is life when bonds are range-bound, but that doesn't mean we can't change things up.  Let's check in with the good old stock lever (our shorthand reference... (read more) Rob Chrisman Underwriting, Temp Buydown Products; Upcoming Events; Capital Markets Update As most of us gird our loins for “springing ahead” this weekend, it is important to remember that U.S. citizens are, in general, a giving people. Thank you to John Johnson, Chairman and CEO of Birmingham’s MortgageAmerica, for passi... (read more) Mortgage Rate Watch Mortgage Rates Improved Today After a pretty rough conclusion last week, yesterday's stability was a welcome change for mortgage rates at the start of the new week. Today made things slightly better as the average lender improved modestly. This puts today's rate quotes back in li... (read more) MBS Commentary MBS Live Recap: Widespread Reprices as Bonds Start Weak, Finish Strong The bond market was already in the process of holding ground in the overnight session and domestic trading hours only added to the resilience.  It may not have seemed overly obvious at first--especially when the day's biggest victory occurred wh... (read more) Mortgage Rate Watch Mortgage Rates Continue Repairing Last Week's Damage Mortgage rates improved again today, bringing them back to the lowest levels seen since last Thursday morning. Starting last Wednesday, we saw a fairly fast rate spike through the end of the week followed by 3 days of relative calm so far in the curr... (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 8:30AM EST 10 Year US Treasury 4.3574 +0.0114 Price / Yield Change US Treasury 2 YR Treasury 3.844 +0.015 5 YR Treasury 3.899 +0.014 7 YR Treasury 4.112 +0.014 10 YR Treasury 4.360 +0.014 30 YR Treasury 4.930 +0.013 Pricing as of: 7/23 8:30AM EST Latest Video Fed: Half of districts say shutdown slowed growth Fire-resistant homes could be answer to California's growing wildfire probl... NY Fed's Williams: Growth to slow considerably this year to 2 percent December trade deficit surges to $59.8B, above 57.3B estimates Around the Web NAR - Realtor.com Which Real Estate Markets Were Hotor Notin February 2019? NAHB Eye on Housing Conventional Loan Market Share Hits 10-Year High NAR - Realtor.com Older Americans Flock to Rentals, and Here's Why Reuters Tariffs, U.S. government shutdown weigh on still-growing economy: Fed Bloomberg Americans Blame Wall Street for Making American Dream Harder to Achieve CNBC Fed's Williams: 'New normal' of slow growth will keep Fed patient Calculated Risk Blog Las Vegas Real Estate in February: Sales Down 7% YoY, Inventory up 105% YoY CNBC ECB set to lower its outlook and could hint at new cheap loans for banks consumerfinancemonitor.com Kraninger appearance at March 7 House Financial Services Committee hearing to be followed by panel of witnesses Reuters U.S. trade deficit hits 10-year high in 2018 on record imports Reuters Talks on amending Brexit deal difficult, no solution in sight: EU Reuters U.S. trade deficit jumps to 10-year high in 2018 CNBC Private payrolls up 183,000, missing estimates, and Moody's economist says jobs may have peaked

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