It's been a while since the bond market (which dictates rates) has been able to digest what we would consider to be a "top tier" economic report. Why do we care about such things? Simply put, economic data is one of the key considerations for bonds. Stronger data tends to promote bond selling and thus higher mortgage rates . Conversely, when the data is weaker than expected, it generally coincides with rates holding ground or moving lower. The "all other things being equal" caveat is imperative when it comes to economic data's impact on rates. There are certainly other factors that can supersede even the most important reports. That said, the other things are rarely scheduled in advance unless we're talking about monetary policy updates from the Fed or other major central banks. So will tomorrow

May 14, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Holding Near Recent Lows Ahead of Retail Sales Data It's been a while since the bond market (which dictates rates) has been able to digest what we would consider to be a "top tier" economic report. Why do we care about such things? Simply put, economic data is one of the key considerations for bonds. ... (read more) Housing News Homeowners Continue to Enjoy Price Gains According to Lawrence Yun, chief economist for the National Association of Realtors® (NAR), a typical homeowner in the U.S. saw his or her housing wealth increase by $9,500 over the past year. Yun commented in NAR's first quarter report on existi... (read more) Rob Chrisman Customer Service Products; Training and Conferences Coming up Soon; Capital Markets What’s in a name? Lots. Try asking someone what “gluten” is. ( Here’s a comical look at that.) Try asking someone in our business what the difference is between a “mortgage” and a “deed of trust.” How a... (read more) Housing News Loan Performance Continues its 14-Month Winning Streak With mortgage delinquencies continuing to be at historic lows, CoreLogic points to natural disasters as a significant cause of the slight deterioration of loan performance in a few local markets. The company's Loan Performance Insights report for Feb... (read more) Housing News Slower Appreciation Taking a Toll on Equity in Some Markets Declining property values, while modest and localized, may be taking a toll on homeowner safety margins. ATTOM Data Solutions has released its first quarter 2019 Home Equity and Underwater Mortgage Report and notes that 5.22 million U.S. properties w... (read more) MBS Commentary MBS Live Recap: Calmest Day We've Had in a While From a volume standpoint, today was only a bit more than half as big as the highest recent days.  And you'd have to go back to April to find anything lower--at least as far as the bond market is concerned.  The same goes for the trading... (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 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 7:27PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 7:27PM 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 U.S. Treasury chief to plan for trade meeting in China soon: spokesman Calculated Risk Blog Los Angeles Area Home Sales Increased 1% YoY in April, Inventory up 10% YoY CNBC Fed's Esther George says there's no need for a rate cut even with the trade threat looming Calculated Risk Blog MBA: "Foreclosure inventory rate still at lowest level since 1995" Bloomberg Americans Kept Borrowing in First Quarter as New Mortgages Eased NAHB Eye on Housing Spending on Residential Improvements Edges Down in March Bloomberg Trump Seeks to Enlist Fed In His Trade Fight Against China Calculated Risk Blog NY Fed Q1 Report: "Total Household Debt Rises for 19th Straight Quarter, Now Nearly $1 Trillion Above Previous Peak" CNBC Chinese state media touts "5,000 years of trials and tribulations," gearing up for a long trade war NAHB Eye on Housing Single-Family Permit Weakness at Start of 2019 Calculated Risk Blog Small Business Optimism Index increased in April CNBC Trump says if Fed cuts interest rates, US will win trade war: 'It would be game over, we win!' CNBC US import prices rose slightly in April, suggesting inflation could remain tame for a while

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