Mortgage rates moved lower today on a combination of factors. Chief among these were headlines over the weekend concerning more North Korean weapons testing--specifically, a detonation of its largest bomb ever on Sunday followed by reports from South Korea of another ballistic missile test by the end of the week. The threat of global nuclear conflict pushes rates lower because the bond markets that underlie rates can benefit from fear and panic. Investors seeking safe havens often move money into bonds, where higher demand equates to lower rates. US Treasuries are more readily able to benefit from this sort of "flight-to-safety" trading than mortgage-backed-securities (or "MBS"), which have the most direct influence on mortgage rates. Indeed most mortgages are being quoted at the same rates

September 5, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Back in Line With 2017 Lows Mortgage rates moved lower today on a combination of factors. Chief among these were headlines over the weekend concerning more North Korean weapons testing--specifically, a detonation of its largest bomb ever on Sunday followed by reports from South... (read more) Housing News 12 States Hit Price Peaks, 1 in 3 Metros are "Over-Valued" Black Knight Financial Services put a coda on home price reports for June while CoreLogic opened the next round for July. Both report another round of strong price gains during their respective periods. Black Knight says its national-level Home Price... (read more) MBS Commentary MBS Live Week Ahead: Strong Start on North Korea; Draghi Ahead; Corporate Deluge Global financial markets moved away from risk to start the holiday-shortened week as more North Korean missile drama made the news over the weekend.  This time, South Korea warned of another ballistic missile test in the coming days/weeks, pro... (read more) Rob Chrisman Lender Disaster Aid; Training and Events Welcome to the Monday-est Tuesday of the year. Hey, the cost to produce a home loan has fallen! Per the Mortgage Bankers Association, total loan production expenses decreased to $7,800 per loan in the second quarter of 2017 from $8,900 in the first q... (read more) Mortgage Rate Watch Mortgage Rate Rally Stalls Despite Weak Jobs Report Mortgage rates were sideways to slightly higher today despite a weak reading of the Employment Situation (aka "the jobs report"). This is traditionally the most influential piece of economic data on any given month as far as bond markets (which drive... (read more) MBS Commentary MBS Live Recap: Bonds Drift Weaker as Traders Rush For Exits We talk a lot about participation among traders dropping off at mid-day when European markets close, but today's version turned bond markets into a veritable ghost town .  Before that, yields had actually done a nice job of returning inside yes... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.79% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.79% +0.02 0.00 15 Yr. Fixed 5.99% +0.01 0.00 30 Yr. FHA 6.30% +0.02 0.00 30 Yr. Jumbo 6.87% 0.00 0.00 7/6 SOFR ARM 6.33% -0.06 0.00 30 Yr. VA 6.31% +0.02 0.00 Updates Daily - Last Update: 7/10 15 Yr. Fixed Rate 5.99% +0.01% 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 99.52 -0.04 Price / Yield Change MBS UMBS 5.5 99.53 -0.03 UMBS 6.0 101.31 -0.05 GNMA 5.5 99.82 -0.02 GNMA 6.0 101.35 -0.03 Pricing as of: 7/11 1:16AM EST 10 Year US Treasury 4.3637 +0.0169 Price / Yield Change US Treasury 2 YR Treasury 3.879 +0.002 5 YR Treasury 3.942 +0.007 7 YR Treasury 4.135 +0.008 10 YR Treasury 4.362 +0.015 30 YR Treasury 4.883 +0.013 Pricing as of: 7/11 1:16AM EST Latest Video Stocks extend losses to the 10-Year yield Home improvement outlook favorable: Bank of America What salaries can afford a median priced home in the US? Around the Web Bloomberg Irma Tops Storm Scales as Florida Preps for Catastrophic System CNBC The top 10 cities where it's easiest to rent an apartment Market Watch Fed's Kashkari says 'very possible' rate hikes doing 'real harm' to economy Gallup U.S. Economic Confidence Surges, Then Declines, in August CNBC There's a huge investment opportunity in the smart home, Barclays says HUD Survivor Housing a Priority for the Federal and State Recovery Effort after Hurricane Harvey Market Watch Meet the new real estate cycle sector that plays offense and defense Freddie Mac Freddie Mac Clarifies Treatment of Loans with Disaster Forbearance in PCs NAHB Eye on Housing Declining Mortgage Rates As A Signal Of Future Economic Performance CNBC A key Fed official just admitted they whiffed on inflation forecast, meaning next hike further away PR Newswire Florida Realtors: Flood Insurance Needed Now More Than Ever CNBC Construction equipment giant United Rentals set for growth as Texas recovers from Harvey CNBC US factory orders fall 3.3 percent

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