Mortgage rates held steady today, which is better than what could be said for most of last week when rates shot up to the highest levels in 7 years. Friday was the only day of improvement, but it was scarcely enough to undo the damage from the previous 4 days. That said, it did raise questions. Specifically, was Friday some sort of indication that the worst was behind us in terms if upward rate momentum? Answering that question is tricky business because the time frame matters greatly. In the short term, there's always a possibility that a prevailing trend toward higher rates will cool-off and reverse course. While that's also technically possible over longer time horizons, we can begin to talk more about probabilities and less about random chance. With that in mind, we've be discussing the

May 21, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Unchanged to Begin Week Mortgage rates held steady today, which is better than what could be said for most of last week when rates shot up to the highest levels in 7 years. Friday was the only day of improvement, but it was scarcely enough to undo the damage from the previo... (read more) Housing News Will "Freeing" Fannie/Freddie Improve Housing Finance? In a prior article we summarized the options the Trump Administration might utilize to reform the residential mortgage financing system should Congress continue to drop the ball. Two noted economists, Jim Parrott and Mark Zandi, writing for the Urban... (read more) Housing News Lenders: Income Verification Needs for "Gig" Economy Late last year Fannie Mae included questions in one of its National Housing Surveys about working in the "gig" economy. About a fifth of respondents claimed they earned at least some of their income through such employment. Gig-economy workers tend t... (read more) Housing News Automated Construction - Robot Frames Small Home in Two Days Last week the National Association of Home Builders (NAHB) reported that severe shortages of construction tradespeople were slowing homebuilding and increasing costs. The shortages, as reported by NAHB's new home builder members, affected all trades ... (read more) MBS Commentary MBS Live Week Ahead: Holiday-Shortened Week. Time For Consolidation? Much like last week, this week's event calendar is limited in terms of top tier data and events, but nonetheless carries the potential for technical momentum.  The underlying reasons are a bit different , however.  Last week, the risk... (read more) MBS Commentary MBS Live Recap: Bond Yields Struggle to Break Last Week's Floor There were no significant economic reports or events today, and only a few newsworthy developments.  The biggest of these also happened the earliest (yesterday night, in fact) when the White House announced the suspension of certain tariffs on... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.67 -0.17 Price / Yield Change MBS UMBS 5.5 99.70 -0.15 UMBS 6.0 101.42 -0.15 GNMA 5.5 99.89 -0.07 GNMA 6.0 101.18 -0.23 Pricing as of: 7/3 10:33AM EST 10 Year US Treasury 4.3314 +0.0516 Price / Yield Change US Treasury 2 YR Treasury 3.877 +0.089 5 YR Treasury 3.932 +0.065 7 YR Treasury 4.117 +0.061 10 YR Treasury 4.332 +0.052 30 YR Treasury 4.845 +0.036 Pricing as of: 7/3 10:33AM EST Latest Video Santelli Exchange: Policy timing and politics will be a challenge for ECB's... Interest rates, not trade are the market's big 'bogeyman,' says pro We'll start to see competition in asset allocation between bonds and stocks... Around the Web Bloomberg Corporate Bonds Sink Fast in One of Worst Tumbles Since 2000 Calculated Risk Blog Ten Years Ago: Looking back at a Foreclosure CNBC Banking overhaul heading for likely passage in Congress. Here's how it affects you CNBC How much money Americans think is enough to live comfortably CNBC Consumer debt set to reach record $4 trillion by the end of the year Bloomberg Banks Are Getting Another Volcker Rule Win CNBC Goldman: Don't worry about rising interest rates until the 10-year yield hits 4% CNBC 3 things to do if you can't afford a down payment but still want to buy a home PR Newswire National Association of Realtors to Launch .realestate Top-Level Domain blog.stewart.com Another Top-10 List Fastest Growing Existing Home Median Prices NAHB Eye on Housing Single-Family Home Size Increases at the Start of 2018 Freddie Mac Freddie Mac Launches "Borrower of the Future(SM)" Campaign to Improve the Housing Finance System and Better Serve the Next Generation of Homeowners NAR - Realtor.com Want to Buy or Sell a Home for Less? Look to Blockchain Technology

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