Mortgage rates continued higher today as markets reacted to news that North Korea would tactically abstain from launching nuclear weapons at Guam because it was having such a good time watching the "foolish and stupid conduct of the Yankees." Perhaps Kim Jong Un is a Sox fan? Someone should tell him that series is over and that the Mets might not put up as much of a fight. Or perhaps "Yankees" referred to America in general. Either way, markets took solace in the absence of global nuclear war by buying stocks and selling bonds. Net selling pressure in bonds pushes rates higher . Strong economic data in the morning only added to bond market weakness. Fortunately, movement in rates continues to be muted by historical standards. Most consumers would still be seeing the same rates quoted today

August 15, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Rates Rising as North Korea Talks Baseball Mortgage rates continued higher today as markets reacted to news that North Korea would tactically abstain from launching nuclear weapons at Guam because it was having such a good time watching the "foolish and stupid conduct of the Yankees." Perhaps... (read more) MBS Commentary MBS Live Recap: Bonds Threaten Momentum Shift Today was mostly about North Korean de-escalation, and somewhat about stronger economic data.  If you haven't heard 43 times already, North Korea graciously decided to hold off on their little plan to nuke Guam (though the little plan of march... (read more) Housing News Big Landlord Merger Sounds Scary but Probably Isn't One of the many shifts endured by the housing industry during the Great Recession was the entry of institutional investors into the single-family housing market. Hedge funds and other Wall Street types bought up thousands of single family residences ... (read more) Housing News Nice Rebound in Builder Confidence - NAHB Builder confidence made a strong comeback this month , surprising analysts and belying some of the gloom expressed by the National Association of Home Builders (NAHB) earlier this week about construction labor problems. NAHB said the NAHB/Wells Fargo... (read more) Rob Chrisman Lender's New Capital Partner; Conferences and Training Coast to Coast The science of persuasion? Any good salesperson, or LO, can talk someone into buying just about anything using scarcity, reciprocity, commitment, social proof, authority, and liking. Here's a good article to share with your loan officers. A good site... (read more) MBS Commentary MBS Live Day Ahead: The Blessing and Curse of The Geopolitical Risk Cycle Geopolitical risk is one of the most intuitive market movers for bonds.  Threats of nuclear attacks from North Korea (as well as the rhetorical response from the US) are a classic example of geopolitical risk.  Were there to be an actual ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% 0.00 0.00 15 Yr. Fixed 6.05% 0.00 0.00 30 Yr. FHA 6.39% +0.01 0.00 30 Yr. Jumbo 6.90% -0.01 0.00 7/6 SOFR ARM 6.26% -0.01 0.00 30 Yr. VA 6.40% 0.00 0.00 Updates Daily - Last Update: 7/25 15 Yr. Fixed Rate 6.05% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.74% -0.01 0.00 15 Yr. Fixed 5.87% -0.05 0.00 Updates Weekly - Last Update: 7/24 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.33 +0.02 Price / Yield Change MBS UMBS 5.5 99.33 +0.02 UMBS 6.0 101.26 +0.01 GNMA 5.5 99.58 +0.01 GNMA 6.0 101.22 0.00 Pricing as of: 7/25 8:50PM EST 10 Year US Treasury 4.3883 -0.0099 Price / Yield Change US Treasury 2 YR Treasury 3.932 +0.009 5 YR Treasury 3.954 -0.007 7 YR Treasury 4.157 -0.007 10 YR Treasury 4.388 -0.010 30 YR Treasury 4.931 -0.008 Pricing as of: 7/25 8:50PM EST Latest Video As housing affordability weakens, more buyers are left out in the cold The idea that Home Depot is just going to roll over and die from Amazon is ... Home builder sentiment at highest level since May: NAHB Around the Web CNBC Newly built homes skew ever richer Market Watch Traders lift bets on one more rate hike this year up above 50% Reuters Americans' debt level notches a new record high CNBC US business inventories post biggest gain in seven months CNBC Amazon's debt offering to fund Whole Foods acquisition includes 40-year bond CNBC The North Korea factor: Jittery ETF investors look for ways to safeguard their portfolios CNBC US import prices rebound after two straight monthly declines CNBC US retail sales post biggest gain in seven months CNBC Guam missile launch plan: Kim Jong Un waiting for foolish Yankees' next move Reuters Home Depot's quarterly profit jumps 9.5 percent Bloomberg After a Summer Bond Binge, Signs of Angst Are Growing in the Market Market Watch S&P 500 on track for best daily gain in about 4 months NPR Our Homes May Get Smarter, But Have We Thought It Through?

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