Mortgage rates finally moved in a direction that wasn't "up" today. That said, it's debatable whether the direction would be best described as "lower" or "sideways." To those who don't check in with rates too often or who aren't excited by saving a couple hundred bucks in closing costs, rates are sideways. But for those for whom every little bit counts, the today's upfront costs would be slightly lower than yesterday's for any given interest rate quote. The upfront cost portion of a loan quote offers lenders more of a fine-tuning adjustment compared to changing actual rates, which tend to be offered in 0.125% increments. Markets typically don't move enough in a single day for a 0.125% change in rates. Upfront costs help adjust lender/borrower costs in those cases. Despite the relatively flat

May 1, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Inch Lower, But Remain Generally Sideways This Week Mortgage rates finally moved in a direction that wasn't "up" today. That said, it's debatable whether the direction would be best described as "lower" or "sideways." To those who don't check in with rates too often or who aren't excited by saving a c... (read more) MBS Commentary MBS Live Day Ahead: Fed Announcement vs TED Announcement Although the 10am ISM Manufacturing Report can definitely have an impact on bonds today, The 2pm  FED Announcement at 2:30pm press conference is the biggest to-do.  There's effectively no chance that the Fed will make any change to ... (read more) Housing News Residential Construction Spending Falling Behind 2018 Publicly and privately funded construction put in place in March had an estimated value of $1.282 trillion on a seasonally adjusted annual basis. This is up 0.9 percent from the February total of $1.293 trillion but is down 0.8 percent from March 201... (read more) Housing News Rates Dropped Last Week, but Application Volumes Fell as Well Despite a decline in interest rates, mortgage volume took a significant hit during the week ended April 26. The Mortgage Bankers Association (MBA) reported that its Market Composite Index and all of its week-over-week components fell, some for the fo... (read more) MBS Commentary MBS Live Recap: Token Gains, But Mostly For Treasuries; Volatility Risks Remain Open up MBS Live today and you'll be greeted with plenty of reassuring green numbers and positive reprice notifications.  Unfortunately, those reprices were taking mortgage rates from moderately higher to slightly higher.  The only substa... (read more) MBS Commentary MBS Live Commentary: Differences Between Previous and Current FOMC Statements Information received since the Federal Open Market Committee met in January March indicates that the labor market remains strong but and that growth of economic activity has rose slowed at from a its solid rate in the fourth quart... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.72 +0.08 Price / Yield Change MBS UMBS 5.5 99.74 +0.09 UMBS 6.0 101.53 +0.09 GNMA 5.5 99.93 +0.08 GNMA 6.0 101.42 +0.08 Pricing as of: 7/6 10:13PM EST 10 Year US Treasury 4.3339 -0.0128 Price / Yield Change US Treasury 2 YR Treasury 3.853 -0.030 5 YR Treasury 3.910 -0.027 7 YR Treasury 4.101 -0.023 10 YR Treasury 4.330 -0.017 30 YR Treasury 4.859 -0.004 Pricing as of: 7/6 10:13PM 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 consumerfinancemonitor.com CFPB Issues Guidance on Applicability of TRID Rule to Assumptions Reuters Traders trim bets on Fed rate cut later this year CNBC Powell says Fed doesn't see strong case for rate cut or hike blog.stewart.com GDP Growth by State 2017 to 2018 and Q3 2018 to Q4 2018 CNBC A US-China trade deal is 'possible' by next Friday, sources say Reuters Fed leaves interest rates unchanged as U.S. economy motors along CNBC Luxury home sales see biggest slump in nearly a decade NAHB Eye on Housing For Remodelers, Shortages of Skilled Labor Remain Elevated CNBC BlackRock's Rieder says Fed should not worry about inflation Calculated Risk Blog ISM Manufacturing index Decreased to 52.8 in April CNBC US construction spending unexpectedly falls in March Bloomberg Fed Rate Decision, Productive' Trade Talks, U.K. Pain: Eco Day Redfin Sales of $2M-Plus Homes Down 16% in the First Quarter, Biggest Year-Over-Year Decline Since 2010

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