Mortgage rates fell today following a tame read on inflation as well as the announcement of Rex Tillerson's departure from the White House. The Consumer Price Index--the most widely followed economic report on consumer-level inflation--showed prices moving up 0.2% in February (rounded up from 0.1501%). The median forecast called for a 0.2% increase. When inflation is falling (or rising more slowly), it tends to benefit bond markets, thus pushing rates lower . Given that the inflation data was fairly close to forecasts, it didn't have any sort of extreme impact today, but it added some downward pressure on rates. The Tillerson news came out a few minutes later. Markets reacted as they typically do to news that creates uncertainty with stocks and rates moving lower together. But since Tillerson

March 13, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Lowest in More Than a Week Mortgage rates fell today following a tame read on inflation as well as the announcement of Rex Tillerson's departure from the White House. The Consumer Price Index--the most widely followed economic report on consumer-level inflation--showed prices ... (read more) Housing News New Home Sales Up 3% YoY New home sales are projected to have increased again in February. The Mortgage Bankers Association (MBA) said that based on its Builder Applications Survey (BAS) it anticipates those sales grew based on a 3 percent increase in purchase applications c... (read more) Rob Chrisman LO and Capital Markets Products; Upcoming Training and Events As I head to head to Chicago today to attend the Illinois MBA Conference , I won’t win any Brownie Points mentioning that a United Van Lines National Movers Study finds that last year, IL was the state where the most residents moved out. But th... (read more) MBS Commentary MBS Live Day Ahead: CPI to Set Tone Early, Auction Cycle Batting Clean-Up Since at least the middle of 2017, the Consumer Price Index has been in the driver's seat as far as economic data that matters to bonds.  This likely has to do with the fact that inflation looked like it had finally achieved its 2% target in a s... (read more) MBS Commentary MBS Live Recap: Slightly Stronger, Fairly Quiet Day. CPI Sets Tone Tomorrow Bond markets were slightly weaker to start the session, but soon found some support from a European bond market rally. Even after the European close, the tone remained supportive in the domestic session.  There wasn't the characteristic weakne... (read more) MBS Commentary MBS Live Recap: Tame Inflation and Tillerson Usher Bonds to Week's Best Levels Bond markets moved to their best levels in more than a week on a combination of tame inflation data and Trump's unexpected announcement of Rex Tillerson's departure from the White House.   In looking at the inflation data, we could ma... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.67 -0.17 Price / Yield Change MBS UMBS 5.5 99.70 -0.15 UMBS 6.0 101.45 -0.11 GNMA 5.5 99.89 -0.07 GNMA 6.0 101.18 -0.23 Pricing as of: 7/3 10:42AM EST 10 Year US Treasury 4.3314 +0.0516 Price / Yield Change US Treasury 2 YR Treasury 3.877 +0.089 5 YR Treasury 3.929 +0.062 7 YR Treasury 4.116 +0.060 10 YR Treasury 4.333 +0.053 30 YR Treasury 4.848 +0.040 Pricing as of: 7/3 10:42AM EST Latest Video These home renovations give you the best return on investment US inflation picture: Economist Tillerson out, Pomeo takes helm at State Around the Web NAR - Realtor.com In the Wake of Natural Disasters, Homeowners Struggle to Pay Their Mortgages Reuters Big banks shake up Washington lobbying shops Bloomberg The US Inflation Scare May Be Over CNBC Tillerson will give up secretary of State duties at the end of the day CNBC Larry Kudlow would be good for Wall Street Calculated Risk Blog Larry Kudlow is usually wrong CNBC Remodeling returns: These projects pay you back big CNBC How much money middle-class families earn in every US state CNBC Real estate economist: Home prices are increasing twice as fast as income growth Reuters U.S. consumer prices slow in February; rents moderate CNBC Secretary of State Tillerson out amid clashes with Trump, to be replaced by CIA Director Pompeo Bloomberg Blackstone REIT Triples Industrial Holdings With $1.8 Billion Deal Bloomberg US Posts Biggest Budget Deficit Since 2012

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