Mortgage rates fell again today as several economic updates painted a slightly gloomier picture. In general, weaker economic data coincides with lower rates. First up were Retail Sales numbers, which moved into negative territory in February. Analysts expected a modest improvement. Later in the morning, several widely-followed sources of GDP tracking adjusted Q1 estimates significantly lower. For instance, the Federal Reserve Bank of Atlanta keeps a running tally of where GDP would come out today given the incoming data. Today's reading fell to 1.9% from 2.5% last week. Following the GDP tracking updates, stock prices added to an already weaker performance and bond yields followed. Declining bond yields coincide with lower mortgage rates although that depends on lenders seeing enough of a decline

March 14, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.02%   6.11% 7.26% 15 Yr. Fixed 5.72% +0.02%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 14, 2018 Mortgage Rates Match 2-Week Lows Wed, Mar 14, 2018 3:42PM Mortgage rates fell again today as several economic updates painted a slightly gloomier picture. In general, weaker economic data coincides with lower rates. First up were Retail Sales numbers, which moved into negative territory in February. Analysts expected a modest improvement. Later in the morning, several widely-followed sources of GDP tracking adjusted Q1 estimates significantly lower. For instance, the Federal Reserve Bank of Atlanta keeps a running tally of where GDP would come out today given the incoming data. Today's reading fell to 1.9% from 2.5% last week. Following the GDP track... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.02 0.00 15 Yr. Fixed 5.72% +0.02 0.00 30 Yr. FHA 6.00% +0.03 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% +0.02 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 9/12 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.13 +0.02   97.47 101.61 UMBS 30YR 6.0 102.40 0.00   99.66 102.50 10 YR Treasury 4.066 +0.040   3.621 4.780 MBS Live Day Ahead: Bonds Face Minefield of Resistance From Here Wed, Mar 14, 2018 9:52AM The first month and a half of 2018 was fairly brutal for bond markets.  Metaphorically speaking, it was like retreating from their home across a field of landmines getting blown to bits repeatedly along the way.  Finally, in mid-February, f... (read more) MBS Live Recap: The Return of Logical Economic Cause & Effect? Wed, Mar 14, 2018 4:41PM We've seen plenty of instances of bond markets shrugging off clear suggestions in the economic data, but today wasn't one of them!  Retail Sales and GDP tracking weakened and rates fell.  That's about it, really! But the recap would look silly as 2 sentences, so here are a few more. The day began with bonds in just slightly weaker territory.&... (read more) MBS Price Change UMBS 5.0 99.63 +0.06 UMBS 5.5 101.13 +0.02 UMBS 6.0 102.40 0.00 GNMA 5.0 100.00 -0.08 GNMA 5.5 101.13 -0.08 GNMA 6.0 102.01 -0.04 Pricing as of: 9/13 5:19AM EST US Treasury Yield Change 2 YR Treasury 3.553 +0.009 5 YR Treasury 3.630 +0.027 7 YR Treasury 3.816 +0.038 10 YR Treasury 4.066 +0.040 30 YR Treasury 4.681 +0.023 Pricing as of: 9/13 5:19AM EST Other News Millennial Homeownership Up, Inventory Woes Persist Wed, Mar 14, 2018 11:34AM Millennials are picking up the pace of moving into homeownership, but the National Association of Realtors® (NAR) says not all are finding a way. Its 2018 Home Buyer and Seller Generational Trends study found that inventory constraints and higher housing costs have prevented some from leaving the more affordable confines of their parents' homes. The stud... (read more) Purchase Applications Strengthen; Refis Wallow at Long-Term Lows Wed, Mar 14, 2018 8:39AM Purchase mortgage applications held their ground for the third consecutive week, pushing the Mortgage Banker Association's Market Composite Index a bit higher. The Index, a measure of mortgage loan application volume, increased 0.9 percent on a seasonally adjusted basis during the week ended March 9. The Index increased 2 percent on an unadjusted basis. Ther... (read more) Advice for Those New to the Industry; Economy Continues to Move Forward Wed, Mar 14, 2018 9:15AM As this week marks the 10 year anniversary of JPM Chase taking over Bear Stearns, the residential lending industry is rife with rumors about companies going out of business, scaling back, or being sold. But for hard stats, no one does it like the U.S. Census Bureau which showed vacancy rates nationwide were 6.9 percent for rental housing and 1.6 percent for ... (read more) Latest Video Fed is more confident with policy normalization: BlackRock strategist Challenges for incoming NEC Chair Larry Kudlow February PPI up 0.2%, retail sales down 0.1% Around the Web Reuters Wall St. slides as trade war worries weigh consumerfinancemonitor.com Bipartisan House bill introduced to change CFPB leadership to 5-member commission Bloomberg Rising Yields Won't Blunt the US Economy's Momentum"For Now builderonline.com California Man Pleads Guilty to Running $24M Real Estate Ponzi Scheme Washington Post Kudlow to be top White House economic adviser as Trump adds longtime loyalist NAR - Realtor.com Home Sellers Now Use Spycams to Gather Intel on Prospective Buyers During Open Houses Fannie Mae Fannie Mae Announces Winner of its Latest Non-Performing ... Calculated Risk Blog Atlanta Fed: GDPNow delines to 1.9% for Q1 Freddie Mac Freddie Mac Prices $1.3 Billion Multifamily K-Deal, K-F44 Bloomberg Yield-Curve Flattening Gets New Life After Inflation Fears Subside CNBC Gundlach predicts a 3% yield on the 10-year Treasury will spell the end of the bull market Calculated Risk Blog Retail Sales decreased 0.1% in February CNBC Rising services costs lift US producer prices in February

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.