Mortgage rates were sideways to slightly higher today, depending on the lender. The underlying bond market (which dictates rates) was exceptionally quiet. On the heels of last week's important events and without much on the calendar this week, markets may take a couple days to relax. To put that in context, rates have been holding somewhat steady just below long-term highs. Their next major decision will be between pushing into new long-term highs or attempting to move lower for more than just a week or two. "Relaxation," in this context, means we're not likely to see evidence of either this week. Loan Originator Perspective Bonds coasted through a flat session Monday as rates hovered near unchanged. There's scant meaningful data this week to inform markets, I'll be surprised to see much movement

June 18, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Little-Changed to Begin Quiet Week Mortgage rates were sideways to slightly higher today, depending on the lender. The underlying bond market (which dictates rates) was exceptionally quiet. On the heels of last week's important events and without much on the calendar this week, market... (read more) Housing News Americans Sitting on Trillions in Tappable Equity Americans are sitting on a nearly unprecedented level of untapped wealth - or maybe sitting IN it is more to the point. A report from Black Knight notes the first quarter of this year saw the "tappable" equity Americans have in their homes rose at wh... (read more) Housing News Builder Confidence: Tariffs on Lumber Hurting Affordability Builder confidence in the market for new single-family homes ended a three-month slide in May , as the Housing Market Index ticked up two points. This month that two-point gain evaporated as the index slid back down to 68. The National Association of... (read more) Rob Chrisman Compliance and Construction Products; Legal Changes for Lenders on the East Coast Rumors continue to swirl. Will a top-10 bank really terminate hundreds, possibly a thousand, of its retail originators in late July/early August for not meeting minimum production standards? Is Houlihan Lokey out there marketing a well-known company ... (read more) MBS Commentary MBS Live Week Ahead: Bonds Try to Confirm Last Week's Victory Post-Italian drama, bond yields rose for 2 straight weeks heading into last week's Fed and ECB announcements.  They both proved friendly and the positive momentum continued on Friday.   The timing of the Italian drama was importa... (read more) MBS Commentary MBS Live Recap: Another One of Those Unofficial 3-Day Weekend Days These sorts of days (where nothing happens) happen.  If you had to bet on a day of the week and a time of year to see them, Summertime Mondays would probably be the safest bet.  Overnight volume was almost nonexistent, with much of Asia clo... (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 99.65 -0.20 Price / Yield Change MBS UMBS 5.5 99.67 -0.17 UMBS 6.0 101.44 -0.12 GNMA 5.5 99.91 -0.06 GNMA 6.0 101.19 -0.22 Pricing as of: 7/3 10:10AM EST 10 Year US Treasury 4.3369 +0.0571 Price / Yield Change US Treasury 2 YR Treasury 3.875 +0.087 5 YR Treasury 3.932 +0.064 7 YR Treasury 4.116 +0.060 10 YR Treasury 4.333 +0.053 30 YR Treasury 4.847 +0.038 Pricing as of: 7/3 10:10AM EST Latest Video The unintended consequences of trade uncertainty Compass CEO on disrupting homebuying The stronger underlying economy will keep the Fed hiking, says economist Around the Web Reuters S&P 500, Dow dip; trade-war worries countered by energy gains CNN Fed official: Trade fears are hurting business optimism Calculated Risk Blog Lawler: Early Read on Existing Home Sales in May Reuters Trump formally nominates U.S. CFPB director CNBC Fed's Bostic says economic optimism has 'almost completely faded' because of trade fears Calculated Risk Blog Phoenix Real Estate in May: Sales up 3%, Active Inventory down 16% YoY CNBC Russia cuts Treasury holdings in half as foreigners start losing appetite for US debt CNBC How to play rising interest rates based on your age Calculated Risk Blog Hotels: Occupancy Rate decreased slightly Year-over-Year, On Record Annual Pace Bloomberg Curve Flattening Gets Serious With Key Levels in Rearview Mirror NAHB Eye on Housing Expiring Provisions of the Tax Cuts and Jobs Act Reuters Wall Street edges lower on renewed trade jitters, oil price drop Bloomberg Dudley Foresees Need for Fed Rate Hikes to Slow the US Economy

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