Mortgage rates finally did what they were supposed to do today. Specifically, they fell in response to bond market improvement. That's the way it should be, but over the past two days the typical relationship between bonds and mortgage lenders' rates has been a bit inconsistent due to the timing of market movement throughout the day. On Tuesday, bonds weakened throughout the day. This would normally coincide with rates moving higher, but the bond market weakness didn't happen quickly enough for most lenders to take action. As such, they were left to make the adjustment the following morning. Then on Wednesday, bonds improved, but not quickly enough for most lenders to bring rates lower. That left us with a bit of an advantage to start the day today. Before most lenders published their first

August 9, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Lowest Mortgage Rates in Several Weeks Mortgage rates finally did what they were supposed to do today. Specifically, they fell in response to bond market improvement. That's the way it should be, but over the past two days the typical relationship between bonds and mortgage lenders' rates... (read more) Housing News Fannie Mae Announces Wildfire Policies Fannie Mae has informed us that they too have activated their disaster response policies for homeowners , this time for those affected by the California wildfires. Homeowners impacted are eligible to stop making mortgage payments for up to 12 months ... (read more) Housing News MBA Says New Home Purchase Apps Reflect Housing Start Surge The Mortgage Bankers Association (MBA) says that responses to its recent Mortgage Builder Applications Survey indicates an increase of 3.6 percent in applications for financing newly constructed homes in July compared to the same month in 2017. That ... (read more) MBS Commentary MBS Live Day Ahead: Bonds Look Like They Might Try Again In the short-term (past few weeks), the trend has not been our friend.  After breaking above a narrow, sideways range, yields had been pushing higher and even crested 3% on the first 2 days of the month.  Over the past week, however, they'v... (read more) Rob Chrisman Lender Resources; More Zillow/MLOA Q&A; Rates Treading Water Lots of originators are fascinated by demographics. Every year, about 27,000 people move from New York City to Philadelphia , making that specific move one of the largest region-to-region migration flows in the United States. New York in general is o... (read more) MBS Commentary MBS Live Recap: Good Day For Bonds as PPI Stokes CPI Bets Have you heard the one about the Turkish debt crisis?  Things are pretty bad for Turkey and the currency is indeed in freefall, but until the charts do something different, they're not yet making a compelling case for a "risk-off" connection t... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/3 8:49PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/3 8:49PM EST Latest Video Fed reads inflation data to weigh tariff impact Used car prices hit a record high Producer Price Index unchanged in July Around the Web Bloomberg Evans Says Fed May Need Higher Rates to Restrict Economic Growth Calculated Risk Blog Merrill: The Return of the Political Business Cycle CNBC Millennials are still crashing with their parents despite the strong economy Calculated Risk Blog Hotels: Occupancy Rate Increased Year-over-Year CNBC US and EU begin laying the groundwork for a trade agreement CNBC Here's why millions of millennials are not interested in being homeowners CNBC Ready to rent a home? Beware of these new scams NAHB Eye on Housing Housing Affordability Hits 10-Year Low in Second Quarter Bloomberg US July Wholesale Prices Stagnated as Service Costs Fell Bloomberg Manhattan Apartment Owners Find No Cure for the Summertime Blues Calculated Risk Blog Weekly Initial Unemployment Claims decreased to 213,000 CNBC US Treasury yields slip ahead of inflation, Fed remarks NAR - Realtor.com Homes That Float: Why Living on the Water Is Making Such a Big Splash

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