Mortgage rates moved higher on average today, although a few lenders were better characterized as "unchanged." In either case, if you're shopping for a loan, you probably won't see a different rate at the top of today's quote when compared to yesterday. Change would only be measured in the form of slightly higher upfront costs (or lower lender credit, depending on the scenario). In terms of the underlying financial markets that drive rates, the first two days of this week have been fairly calm and uneventful. The globally interconnected nature of financial markets deserves part of the blame for that as holidays have kept traders at home in Asia yesterday and Europe today. The level of activity and potential volatility should increase tomorrow. Not only will overseas markets be back in action

May 1, 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 May 1, 2018 Mortgage Rates Sideways to Slightly Higher Tue, May 1, 2018 3:28PM Mortgage rates moved higher on average today, although a few lenders were better characterized as "unchanged." In either case, if you're shopping for a loan, you probably won't see a different rate at the top of today's quote when compared to yesterday. Change would only be measured in the form of slightly higher upfront costs (or lower lender credit, depending on the scenario). In terms of the underlying financial markets that drive rates, the first two days of this week have been fairly calm and uneventful. The globally interconnected nature of financial markets deserves part of the blame fo... (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 5.5 101.22 -0.06   97.47 101.61 UMBS 30YR 6.0 102.47 -0.07   99.66 102.50 10 YR Treasury 4.065 +0.026   3.621 4.780 MBS Live Day Ahead: Bouncing at This Pivot Point is Still a Risk Tue, May 1, 2018 9:13AM 2.95% was the closing high for 10yr yields back in late February.  While we saw 10s move as low as 2.935 yesterday, that seemed to be a product of month-end bond buying.  The month-end momentum tends to run its course by the 3pm CME close, ... (read more) MBS Live Recap: Bonds Avoid Commitment to Begin Busy Week Mon, Apr 30, 2018 4:36PM April was a bummer of a month for the bond market.  Actually, it was decent through the 11th, but it got ugly quickly after that--especially during the past 2 weeks.  Contrast that to March, which was decidedly, albeit mildly positive.  If bonds stick to this same pattern of clearly delineated monthly trading themes, the rest of the week coul... (read more) MBS Price Change UMBS 5.0 99.70 -0.08 UMBS 5.5 101.24 -0.04 UMBS 6.0 102.48 -0.06 GNMA 5.0 100.02 -0.05 GNMA 5.5 101.19 +0.00 GNMA 6.0 102.13 -0.05 Pricing as of: 9/9 7:01AM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.011 5 YR Treasury 3.576 +0.014 7 YR Treasury 3.784 +0.016 10 YR Treasury 4.061 +0.022 30 YR Treasury 4.719 +0.029 Pricing as of: 9/9 7:01AM EST Other News Mnuchin - Focused on "Fixing" Fannie and Freddie Tue, May 1, 2018 11:16AM Treasury Secretary Steven Mnuchin told Fox Business News on Monday, that changing the current status of Freddie Mac and Fannie Mae is something that he is "very focused on." In an interview with commentator Maria Bartiromo, the Secretary said he doubts anything will get done in this Congress, but he is determined to have a fix for the government sponsored en... (read more) Residential Building Drags Down Construction Numbers Tue, May 1, 2018 1:02PM The construction spending report for March was a bit of a jolt , especially given the reason for the unexpected decline . Some significant softness in private residential spending drove the Census Bureau's estimated overall spending for the month down 1.7 percent to a seasonally adjusted annual rate of $1.29 trillion compared to a revised February estimate o... (read more) Broker and Recruiting Products; Mergers and Acquisitions Continue Tue, May 1, 2018 9:16AM May Day – how are we 1/3 of the way through 2018 already?! Folks are gearing up for this month’s MBA National Secondary conference in Manhattan. (Jungle drums say the MBA is down to 4 candidates for the president’s job, by the way.) There’s a lot of business to transact in NY, people to meet, things to learn – it’s a good ... 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