Mortgage rates caught a break today , as underlying bond markets made it back into Tuesday's territory. Refreshingly, lenders were willing to set rates back at Tuesday's levels. That may sound exceedingly logical considering bond markets dictate rate movements, but it's an exception to the recent rule that's seen lenders err on the side of caution when it comes to following every little movement in bonds. In other words, lenders have been quick to raise rates when bonds are weaker and slow to bring them back down when bonds recover. That makes today something of an opportunity for anyone who wished they'd locked their rate on Tuesday. Simply put, now you can! These sorts of recoveries are tricky business from a forecasting perspective. Of course there's a temptation to hope for more when we

April 26, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Apr 26, 2018 Mortgage Rates Catch a Break Thu, Apr 26, 2018 4:18PM Mortgage rates caught a break today , as underlying bond markets made it back into Tuesday's territory. Refreshingly, lenders were willing to set rates back at Tuesday's levels. That may sound exceedingly logical considering bond markets dictate rate movements, but it's an exception to the recent rule that's seen lenders err on the side of caution when it comes to following every little movement in bonds. In other words, lenders have been quick to raise rates when bonds are weaker and slow to bring them back down when bonds recover. That makes today something of an opportunity for anyone who w... (read more) The Top Still Isn't In For Mortgage Rates Wed, Apr 25, 2018 3:32PM Mortgage rates had another rough day as they continued moving up into new 4-year highs. Unlike the extremely mild and uneventful day-to-day changes seen for most of the past 2 months, rates are actually putting some distance between themselves and the March plateau. Whereas a well-qualified borrower with 25% down may have been quoted a conventional 30yr fixed rate of 4.5% a few weeks ago, they'd already be looking at 4.75% today for most lenders. Of course this can vary a bit from lender to lender, but the point is that all lenders have experienced that sort of delta. Will it ever stop? Yo! I ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 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 5.5 101.06 -0.22   97.47 101.61 UMBS 30YR 6.0 102.36 -0.18   99.66 102.50 10 YR Treasury 4.082 +0.043   3.621 4.780 MBS Live Day Ahead: Today is The First Push Back. Ask For More Proof Thu, Apr 26, 2018 10:07AM Today is shaping up to be the first push back against the current selling trend.  By current, I mean the sharper, shorter trend of the past 7 days as opposed to the longer-term trends that began in late 2016 and 2012.  This current trend ... (read more) MBS Live Recap: Selling Spree Continues Wed, Apr 25, 2018 4:32PM The recent rate drama continues unabated.  Today was the  6th day of heavy selling in bond markets, bringing yields within striking distance of the 2014 highs near 3.041%.  As has been the case during this sell-off, there really hasn't been much to hang one's hat on with respect to convenient explanations.  It's not as if there was some ... (read more) MBS Price Change UMBS 5.0 99.45 -0.32 UMBS 5.5 101.06 -0.23 UMBS 6.0 102.38 -0.16 GNMA 5.0 99.73 -0.34 GNMA 5.5 101.04 -0.15 GNMA 6.0 102.01 -0.18 Pricing as of: 9/9 5:51PM EST US Treasury Yield Change 2 YR Treasury 3.558 +0.071 5 YR Treasury 3.617 +0.055 7 YR Treasury 3.816 +0.048 10 YR Treasury 4.087 +0.048 30 YR Treasury 4.732 +0.042 Pricing as of: 9/9 5:51PM EST Other News HUD's Ben Carson Proposes Rent Increases, Work Requirements Thu, Apr 26, 2018 12:32PM Not sure whether to call it cooperation, a coincidence or a non-musical "call and response," but a proposal unveiled by Ben Carson, Secretary of Housing and Urban Development, seems to have made it pretty quickly into the halls of Congress. On Wednesday, an hour before a House Financial Services Committee (FSC) hearing on rent subsidies, Carson called a pres... (read more) Productivity and Marketing Products; Changes to ATR and QM? Not so fast... Thu, Apr 26, 2018 9:13AM I'm a capital markets guy, so, by some people’s definition, don’t know much about numbers. But I know that .250 (a quarter point) on a $100,000 loan is $250. Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $237 on each loan they originated in the fourth quarter of 2017, down from a reported gain of $... (read more) Latest Video Rates will have a hard time moving significantly higher than 3% says expert Market volatility versus tax cuts How rising rates impact the economy Around the Web NAR - Realtor.com The Hottest Markets for U.S. Real Estate: Is California's Reign Over? Calculated Risk Blog Zillow Case-Shiller Forecast: More Solid House Price Gains in March NAHB Eye on Housing Homeownership Rate Stable at 64% CNBC Millennial homeownership suddenly drops after a good run The Basis Point No, Higher Rates Won't Kill 2018 Home Buying Calculated Risk Blog Kansas City Fed: Regional Manufacturing Activity "Expanded More Rapidly" in April CNBC These are the 5 worst housing markets for millennials Calculated Risk Blog HVS: Q1 2018 Homeownership and Vacancy Rates Freddie Mac Mortgage Rates Climb to Highest Level in Over Four Years NAR - Realtor.com Mark Your Calendars: The Best Day and Month for Bargain Hunters to Buy a Home CNBC US durable goods orders rise 2.6% in March CNBC US weekly jobless claims total 209,000, vs 230,000 expected CNBC European Central Bank holds rates steady

© 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.