Mortgage rates were mostly flat again today, despite bond market weakness (lower bond prices generally mean higher rates). Between MBS (the mortgage-backed-securities that underlie mortgage rate movement) and US Treasuries (the risk-free benchmark for all US debt/bonds), the latter fared worse. In other words, mortgage bonds outperformed Treasuries. That's one of the reasons we didn't see much movement in mortgage rates today. The other reason was as simple as the shape of market movement on Friday. Bonds improved throughout the course of the day but most lenders didn't adjust rate sheets to reflect that improvement. As such, today's weaker bond market levels ended up being fairly close to those that were in effect when lenders last set rates on Friday morning. The absence of change continues

June 19, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.20% -0.02%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Jun 19, 2017 Mortgage Rates Fairly Steady to Begin Week Mon, Jun 19, 2017 4:17PM Mortgage rates were mostly flat again today, despite bond market weakness (lower bond prices generally mean higher rates). Between MBS (the mortgage-backed-securities that underlie mortgage rate movement) and US Treasuries (the risk-free benchmark for all US debt/bonds), the latter fared worse. In other words, mortgage bonds outperformed Treasuries. That's one of the reasons we didn't see much movement in mortgage rates today. The other reason was as simple as the shape of market movement on Friday. Bonds improved throughout the course of the day but most lenders didn't adjust rate sheets to r... (read more) Mortgage Rates Holding Most of Their Recent Gains Fri, Jun 16, 2017 4:37PM Mortgage rates were flat today, after weaker-than-expected construction data prompted a positive bounce for bond markets. In general, bonds (which dictate mortgage rates) improve when economic data is weaker. Before this morning's data, rates were at risk of coming out slightly higher compared to yesterday's latest offerings. By holding flat, rates remain very close to the best levels seen in more than 8 months. This also keeps rates in a gentle downtrend over the past 3 months. Risk-tolerant clients are typically best-served by floating their rates while these trends remain intact. If rates b... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.20% -0.02 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.72 +0.05   95.05 99.96 UMBS 30YR 5.5 101.09 +0.01   97.47 101.28 10 YR Treasury 4.029 +0.001   3.932 4.780 MBS Live Day Ahead: Bonds Still in Limbo, Despite Recent Victories Mon, Jun 19, 2017 9:40AM The past 3 trading sessions marked 3 of the 5 lowest closes for 10yr yields in 2017.  Friday's strength did a nice job of pushing back against a potential bounce that took shape after last week's Fed announcement.  That strength helped buil... (read more) MBS Live Recap: Negative Housing Sets Positive Tone for Bonds Fri, Jun 16, 2017 5:04PM Today was destined to be a sideways grind at slightly weaker levels for bond markets.  This would have extended the theme that had been in place since Wednesday's FOMC events.  The weakness probably wouldn't have erased Wednesday's gains.  The bigger-picture rally wouldn't have even come close to being challenged, and we'd just be slightly m... (read more) MBS Price Change UMBS 4.5 97.76 +0.07 UMBS 5.0 99.72 +0.05 UMBS 5.5 101.09 +0.01 GNMA 4.5 97.74 +0.04 GNMA 5.0 99.94 +0.11 GNMA 5.5 100.93 +0.03 Pricing as of: 10/15 6:24PM EST US Treasury Yield Change 2 YR Treasury 3.500 +0.018 5 YR Treasury 3.620 +0.016 7 YR Treasury 3.805 +0.006 10 YR Treasury 4.029 +0.001 30 YR Treasury 4.626 -0.004 Pricing as of: 10/15 6:24PM EST Other News Tear-Downs Accounted for 10% of 2016 Housing Starts Mon, Jun 19, 2017 10:58AM In some areas, they are called "scrape-offs," but the usual term is tear-down ; demolishing an existing home to build a new one in its place. Tear-downs, not to be confused with in-fill building where a house is erected on a vacant lot in a developed neighborhood, are often just a matter of replacing an aged or decaying property with a new home. But not alwa... (read more) Upcoming Events; M&A Discussion; Jobs and Housing Driving Rates? Mon, Jun 19, 2017 8:59AM Winston Churchill said that, “If the present tries to sit in judgement on the past, it will lose the future.” No argument there in mortgage banking. Upcoming events Finastra, formerly D+H, will be hosting a joint, complimentary webinar on June 29th at 1PM CT with Gartner's Craig Focardi on Emerging Technology Trends in Mortgage Lending and Finast... (read more) Latest Video All-America Survey: Economic optimism near all-time high Increased rates could 'wreck' economy: Mark Grant Amazon deal is another element of bringing costs down: Insana Around the Web NAR - Realtor.com Home Builders, Home Sellers Suddenly Shy Calculated Risk Blog Lawler: Early Read on Existing Home Sales in May Reuters Fed's Dudley confident U.S. inflation should rebound with wages Market Watch Another part of the real estate market is starting to crumble Calculated Risk Blog Q2 GDP Forecasts being Revised Down Market Watch Fed's Dudley says he's not paying attention to bond market's signals of concerns NAHB Eye on Housing NAHB Estimates 79,000 Single-family Tear-down Starts in 2016 CNBC This week: Big news on banks and the housing market NAR - Realtor.com Million-Dollar Housing Boom: Cities Where Seven-Figure Listings Have Skyrocketed CNBC Are bond markets turning on the White House? Bloomberg Bond Traders Still Come Out as Winners After Four Fed Rate Hikes Reuters Weak inflation erodes conviction at Fed on rate hikes Freddie Mac Freddie Mac Announces Pricing of $198 Million Multifamily Small Balance Loan Securitization

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