Mortgage rates moved higher today, bringing them back in line with the highest levels in nearly a month. That sounds a bit worse than it actually is, due to the narrow range of rates over that time. In fact, most prospective borrowers would be quoted the same rate as yesterday, with the only difference being slightly higher upfront costs. With extended periods of narrow ranges comes increased odds for a bigger move . There's never any way to tell if such a move will be higher or lower--only that it's more likely. This is especially true as we head into big-ticket events like tomorrow's jobs report. Traders are also tuned in to the weekend's French election results and the various political headlines coming out of Washington. In general, rates had been trending lower through mid-April, and they

May 5, 2017 Download our Mobile App: Download our Mobile App: Rob Chrisman Mergers and Acquisitions; Jumbo Loan Trends Today on “Jobs Friday,” don’t think California has some pull? It is home to 1 in 8 Americans and its economy is the 6th largest in the world. It has 58 counties; there are a total of 3,143 counties and county-equivalents in the Unit... (read more) Mortgage Rate Watch Mortgage Rates Higher Ahead of Jobs Report Mortgage rates moved higher today, bringing them back in line with the highest levels in nearly a month. That sounds a bit worse than it actually is, due to the narrow range of rates over that time. In fact, most prospective borrowers would be quoted... (read more) MBS Commentary MBS Live Day Ahead: NFP May Very Well NOT be Enough to Break This Trend Today's chart is essentially the same chart we examined yesterday, but this time the only trendlines are those surrounding the most recent trend.  They mark the higher highs and higher lows since mid-April (a "trend channel"--one of the simplest... (read more) Housing News How Fed Exits MBS Ownership Could be Key to Affordability After years of quantitative easing, the Federal Reserve is estimated to own $1.75 trillion in agency mortgage-backed securities (MBS). The securities are issued by Freddie Mac and Fannie Mae (the GSEs), backed by conventional mortgages they aggregate... (read more) Housing News Credit Accessibility Dips Slightly There was a very slight downward change in the availability of mortgage credit last month, driven primarily by on ongoing slippage in the availability of conforming loans. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability I... (read more) MBS Commentary MBS Live Recap: "Lead-Off" Grows Ahead of NFP This morning's Day Ahead laid out a case for bonds taking a "lead-off" ahead of tomorrow's NFP data.  It's not necessarily about NFP (the nonfarm payrolls component of the jobs report) as much as the recently narrow range in longer-term bond y... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.85% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.85% +0.02 0.00 15 Yr. Fixed 6.07% +0.04 0.00 30 Yr. FHA 6.40% +0.03 0.00 30 Yr. Jumbo 6.92% +0.02 0.00 7/6 SOFR ARM 6.25% -0.02 0.00 30 Yr. VA 6.41% +0.02 0.00 Updates Daily - Last Update: 7/15 15 Yr. Fixed Rate 6.07% +0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 6.72% +0.05 0.00 15 Yr. Fixed 5.86% +0.06 0.00 Updates Weekly - Last Update: 7/10 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries UMBS 30YR 5.5 98.96 +0.04 Price / Yield Change MBS UMBS 5.5 98.95 +0.03 UMBS 6.0 100.99 +0.03 GNMA 5.5 99.36 +0.01 GNMA 6.0 101.19 +0.03 Pricing as of: 7/16 2:12AM EST 10 Year US Treasury 4.4763 -0.0080 Price / Yield Change US Treasury 2 YR Treasury 3.944 -0.005 5 YR Treasury 4.038 -0.002 7 YR Treasury 4.246 -0.005 10 YR Treasury 4.476 -0.008 30 YR Treasury 5.009 -0.016 Pricing as of: 7/16 2:12AM EST Latest Video Fed officials: Balance sheets should fall as much as $2T Santelli Exchange: Lazear on the jobs report Zillow CEO: About half of all home buyers are millennials Around the Web CNBC Fed officials say bond-buying must remain in its toolbox Market Watch U.S. consumer credit jumps $16.4 billion in March Reuters Fed's Williams pushes new approach to U.S. inflation goal Reuters Fed should not follow rules-based approach: Fischer Fannie Mae Fannie Mae First Quarter 2017 Earnings Media Call CNBC Just in case Here's what will happen to markets on Monday if Le Pen wins CNBC Employment growth gets back on track as April tops expectations CNBC April jobs and the French election keep investors guessing Reuters With Obamacare vote, House Republicans free to turn to tax reform Fannie Mae Fannie Mae Reports Net Income of $2.8 Billion ... Calculated Risk Blog Goldman: April Payrolls Preview NAFCU CFPB seeks stakeholder feedback on mortgage servicing rule Reuters U.S. Senate passes bill to fund government through September

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