Mortgage rates held steady today as political headlines helped to offset some initial weakness in bond markets. When bonds weaken, rates tend to move higher. That said, this morning's weakness was quite modest. The helpful headlines (regarding Robert Mueller's subpoena of members of the Trump Organization) had a similarly modest effect, thus leaving bonds and rates in relatively unchanged territory. That's perfectly acceptable in this case because it means rates are holding in line with their lowest levels since March 1st. The risk is that March 1st served as a floor for rates after they began falling from mid-February highs. It could be the case that rates will have a tough time moving any lower than today's levels without more meaningful motivation and that they're waiting to decide on such

March 15, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 15, 2018 Mortgage Rates Hold Steady at Lowest Levels in March Thu, Mar 15, 2018 4:19PM Mortgage rates held steady today as political headlines helped to offset some initial weakness in bond markets. When bonds weaken, rates tend to move higher. That said, this morning's weakness was quite modest. The helpful headlines (regarding Robert Mueller's subpoena of members of the Trump Organization) had a similarly modest effect, thus leaving bonds and rates in relatively unchanged territory. That's perfectly acceptable in this case because it means rates are holding in line with their lowest levels since March 1st. The risk is that March 1st served as a floor for rates after they began... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.28 +0.16   97.47 101.61 UMBS 30YR 6.0 102.54 +0.05   99.66 102.54 10 YR Treasury 4.039 -0.047   3.621 4.780 MBS Live Day Ahead: 2 Ways to Look at Bonds "Best Rally" of 2018 Thu, Mar 15, 2018 9:41AM You may have noticed that, as of February 22nd, bonds haven't been experiencing the same sort of pain that characterized the first month and a half of 2018.  We've been discussing the ensuing weeks as a sort of sideways consolidation, but could ... (read more) MBS Live Recap: Not a Big Sell-Off, But Definitely Not a Big Rally Thu, Mar 15, 2018 4:42PM Today is most easily discussed based on what it  wasn't. Today wasn't a big selling day.  That's nice to see-- especially in 2018, and especially with mid-day weakness challenging recent ceilings in 10yr yields just over 2.83%. ... (read more) MBS Price Change UMBS 5.0 99.78 +0.31 UMBS 5.5 101.28 +0.16 UMBS 6.0 102.54 +0.05 GNMA 5.0 100.07 +0.24 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.18 +0.05 Pricing as of: 9/8 7:06PM EST US Treasury Yield Change 2 YR Treasury 3.487 -0.030 5 YR Treasury 3.562 -0.027 7 YR Treasury 3.768 -0.032 10 YR Treasury 4.039 -0.047 30 YR Treasury 4.690 -0.079 Pricing as of: 9/8 7:06PM EST Other News NAR: Debt Forgiveness Should be Permanent Part of Tax Code Thu, Mar 15, 2018 10:29AM Prior to the housing crisis, homeowners who defaulted on their mortgages faced tax consequences if their lender had to write off or write down any part of the outstanding balance . That often happened after the collateral was sold after a foreclosure, deed-in-lieu, or short sale, and write-downs were sometimes included as part of a mortgage modification as w... (read more) Lot Shortages Dim Builder Confidence Thu, Mar 15, 2018 10:32AM Home builder confidence ebbed slightly in March, but according to the National Association of Home Builders, it remains in "strong territory." NAHB's Housing Market Index (HMI), which is produced in cooperation with Wells Fargo, dipped to 70 in March, down from February's downwardly revised (from 72) level of 71. "Builders' optimism continues to be fueled by... (read more) Conventional Conforming Changes in the Primary Markets Thu, Mar 15, 2018 9:16AM Rumors continue about companies going out of business, scaling back, or being sold. But let’s talk about progress in pushing forward transitional licensing, and that the Senate passed a bill that would exempt 85 percent of banks and credit unions from certain regulatory requirements, according to a CFPB analysis of 2013 data. The package contained seve... (read more) Latest Video KBW CEO: Big things are happening with Dodd-Frank since the crisis Here’s where all the closing Toys R Us stores are Hensarling: House won't pass Senate bank bill as it stands Around the Web consumerfinancemonitor.com CFPB seeks comment on adopted regulations CNBC Get ready to hear a lot more from Fed Chairman Jerome Powell than his predecessors Bloomberg Fed Takes a Back Seat for Traders Focused on Libor's Big Blowout Brookings Institution Loan originators no longer must have skin in the game' CNBC HUD Secretary Carson appoints new financial watchdog after controversy over $31,561 dining room set OCC OCC Reports Mortgage Performance Unchanged Calculated Risk Blog CoreLogic: "2.5 million Homes still in negative equity" at end of Q4 2017 CNBC Why 17 Democrats voted with Republicans to ease bank rules CNBC Homeowners gained an average of $15,000 in home equity last year or $908 billion in total CNBC Homeowners can take advantage of this tax loophole at their own risk Brookings Institution Hutchins Roundup: Labor market slack, undocumented households and Medicaid, and more Freddie Mac Mortgage Rates Drop for First Time in 2018 Fannie Mae Lenders' Profit Margin Outlook, Mortgage Demand

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