Mortgage rates were steady to slightly higher to begin the new week, depending on the lender. Even in cases where rates rose, the increase was modest at best. The lack of drama is consistent with the week's economic calendar which essentially had nothing meaningful on tap today. Wednesday, by comparison, has much higher stakes . In the morning, The Department of Labor will release the most widely-followed report on inflation, The Consumer Price Index (CPI). This data, released once a month, has been one of the biggest sources of inspiration for rates over the past year. This time last year, CPI showed an unexpected drop in inflation. Because inflation pushes rates higher, that drop helped stave off what many saw as an inevitable push higher. Investors are anxiously waiting for another push

April 9, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.20% -0.02%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Apr 9, 2018 Mortgage Rates Mostly Steady, but Volatility Could Increase Mon, Apr 9, 2018 4:40PM Mortgage rates were steady to slightly higher to begin the new week, depending on the lender. Even in cases where rates rose, the increase was modest at best. The lack of drama is consistent with the week's economic calendar which essentially had nothing meaningful on tap today. Wednesday, by comparison, has much higher stakes . In the morning, The Department of Labor will release the most widely-followed report on inflation, The Consumer Price Index (CPI). This data, released once a month, has been one of the biggest sources of inspiration for rates over the past year. This time last year, CP... (read more) Mortgage Rates Near 2-Month Lows After Jobs Report Fri, Apr 6, 2018 4:49PM Mortgage rates moved back down to yesterday's levels after a much weaker read on job creation from the Labor Department. In general, weak economic data tends to push investors away from stocks and toward safer-haven assets like bonds. Excess bond-buying demand causes bond prices to rise and rates to fall. The only catch with today's jobs report reaction is that movement in the bonds that specifically underlie mortgages was a bit smaller than in the broader bond market. For instance, the price of 10yr US Treasuries rose more than twice as much as the price of the most common mortgage-backed-sec... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.20% -0.02 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.72 +0.04   95.05 99.96 UMBS 30YR 5.5 101.09 +0.01   97.47 101.28 10 YR Treasury 4.029 +0.001   3.932 4.780 MBS Live Week Ahead: Bonds Fight For Right to Party under 2.80% Mon, Apr 9, 2018 9:34AM If you're a 10yr Treasury yield in 2018, you don't simply have free reign to enjoy yourself at yields under 2.80%.  That's a right and a privilege for which you'll have to fight .  2 weeks ago, heading into the end of March, it looked like... (read more) MBS Live Recap: Weak NFP Helps Bonds Break Back Below Key Technical Level Fri, Apr 6, 2018 5:16PM It would be hard to have any discussion about important technical levels in 10yr Treasury yields recently without 2.79-2.80% coming up early and often.  This pivot point acted as a firm floor throughout March, finally giving way at the end of the month as trade war volatility worked its way through markets.  Stocks recovered earlier this week and... (read more) MBS Price Change UMBS 4.5 97.76 +0.07 UMBS 5.0 99.73 +0.05 UMBS 5.5 101.10 +0.01 GNMA 4.5 97.74 +0.04 GNMA 5.0 99.94 +0.11 GNMA 5.5 100.95 +0.06 Pricing as of: 10/15 6:05PM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.013 5 YR Treasury 3.619 +0.015 7 YR Treasury 3.804 +0.006 10 YR Treasury 4.029 +0.001 30 YR Treasury 4.625 -0.005 Pricing as of: 10/15 6:05PM EST Other News Survey Shows Strong Up-Swing in Home Purchase Attitude Mon, Apr 9, 2018 12:12PM If you think the stock market has been volatile, you might consider a dose of Dramamine before checking out Fannie Mae's Home Purchase Sentiment Index (HPSI). The results of the March National Housing Survey (NHS) as reflected in the HPSI rose 2.5 points to 88.3, wiping out much of the 3.7-point decline posted in February. Those February results had, to the ... (read more) Training, Jobs, and Resources for LO's; Capital Markets Update Mon, Apr 9, 2018 9:14AM What’s the retail residential competition up to? Eave (not to be confused with Eaze !) launched a new software that automates mortgage applications and decisions and claims to provide buyers with a response within two days based on 10 documents. The company targets loans for high-end homes, from $665,000 up to $8 million, management includes a Capital ... (read more) Latest Video CBO director: We're going to pay for the great deal of stimulus Regulator seeks to fine Wells Fargo as high as $1 billion, says Reuters Powell 'very clear' on rates, says economist Around the Web consumerfinancemonitor.com FDIC to hold May 7 forum on use of technology in banking consumerfinancemonitor.com NJ creates "state-level CFPB" NPR Financial Analyst Says Most Consumers Don't Realize How Their Data Is Used Calculated Risk Blog Hotels: Occupancy Rate DownYear-over-Year CNBC Ray Dalio: Odds increasing for trade wars, cyber wars and 'possibly even shooting wars' CNBC The GOP tax plan means short-term gains for the economy, but federal debt is primed to explode, CBO analysis says Reuters Exclusive: U.S. consumer watchdog seeks record fine against Wells Fargo for abuses - sources CNBC Yellen and other economists say tax cuts are blowing up the budget, not entitlements NAR - Realtor.com Buyer Traffic Rising as Real-Estate Agents Report Concern Over Mortgage Rates, Inventory Freddie Mac Freddie Mac Prices $1 Billion Multifamily K-Deal, K-731 Calculated Risk Blog Weather Adjusted Employment CNBC Downsizing your home: How to determine if a smaller house is the right move NAHB Eye on Housing Builders' Use of Aerial Drones Takes Off

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