Mortgage rates resumed a week-long move higher today, bringing them to the highest levels since March 19th or 20th, depending on the lender. Between now and then, they'd fallen abruptly to the best levels in more than 15 months. The improvements were meaningful enough to draw out refinance applicants in droves according to weekly mortgage app data released by the Mortgage Bankers Association (MBA) this morning. On an even more impressive note, the MBA's count of purchase applications was at its highest level in nearly a decade! While we can't give low rates all the credit for fueling the purchase side of the mortgage market, they're clearly helping . Actually, I should clarify: they clearly HELPED ... (past tense). Granted, today's rates are still much lower than those seen in February and

April 3, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Super Low Rates Had a Big Impact, But Now They're Moving Back Up Mortgage rates resumed a week-long move higher today, bringing them to the highest levels since March 19th or 20th, depending on the lender. Between now and then, they'd fallen abruptly to the best levels in more than 15 months. The improvements were... (read more) MBS Commentary MBS Live Day Ahead: Bonds Filling The Post-Fed Breakout Gap With 10yr yields beginning the day well over 2.50% and with 2.55% being the line in the sand marking the breakout from the sideways range at the beginning of 2019, it's fair to say that bonds have more or less "filled the gap."   This is a comm... (read more) Housing News Refinancing Soars Up 39% as Rates Decline Borrowers have apparently been paying attention. The 22-basis point drop in mortgage rates per Freddie Mac, the largest one-week decline in more than 10 years, triggered a surge in mortgage applications last week, especially for refinancing. The Mort... (read more) Rob Chrisman Outsourcing, Marketing, and Broker Products; Non-conforming and Jumbo Trends Anyone traveling near San Francisco may have seen “The Flintstones House” perched on a hill next to the freeway. Neighbors don’t like it. But I guess my mind is officially warped as all I can think of is, “How does an appraise... (read more) MBS Commentary MBS Live Recap: Don't Call It a Comeback Bonds made some gains today, much to the relief of anyone who didn't really care to see rates explode higher after hitting long-term lows last week.  Such people are not unreasonable --i.e. they don't expect rates to only ever go lower.  R... (read more) MBS Commentary MBS Live Recap: Trade Headlines and Momentum Keep Bonds on The Run The title of yesterday's recap was "Don't Call It a Comeback," and today's weakness is why.  Well, to be fair, since I'm always the first to tell you that no one knows what tomorrow will bring in financial markets, we knew nothing of today's w... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.90 +0.05 Price / Yield Change MBS UMBS 5.5 99.90 +0.06 UMBS 6.0 101.61 +0.04 GNMA 5.5 100.05 +0.08 GNMA 6.0 101.46 +0.05 Pricing as of: 7/3 2:01AM EST 10 Year US Treasury 4.2661 -0.0137 Price / Yield Change US Treasury 2 YR Treasury 3.770 -0.018 5 YR Treasury 3.851 -0.017 7 YR Treasury 4.038 -0.018 10 YR Treasury 4.263 -0.017 30 YR Treasury 4.788 -0.020 Pricing as of: 7/3 2:01AM 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 Reuters White House's Kudlow says U.S.-China talks making progress, could extend Reuters British lawmakers vote to go ahead with debate on Brexit delay law Calculated Risk Blog Merrill: March Employment Report Forecast Reuters U.S. services, private payrolls data highlight slowing economy Bloomberg After Cutting 802,000 Jobs, Some Big Banks Are Adding Staff - Bloomberg Reuters UK faces 'alarmingly high' risk of no-deal Brexit: BoE's Carney Bloomberg Negative Yields Engulf Europe Inc. Reuters White House's Kudlow says U.S.-China talks are progressing CNBC ISM non-manufacturing index hits 56.1 in March vs. 58 estimate Bloomberg Fed Bubble Risk, Trade Talks, U.K. Services Slump: Eco Day CNBC Private payrolls add 129K in March vs. 173K est.: ADP/Moody's Analytics CNBC Trump reportedly told Fed's Powell that he's 'stuck' with him Reuters World stocks at six-month highs on optimism over U.S.-China trade, soft Brexit hopes

© 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.