Mortgage rates were sideways to slightly higher today, depending on the lender. With the exception of the past two days, this leaves us at the best levels in more than 3 weeks. In general, that move was made possible by financial drama in Turkey, but caveats abound. It's taken a massive amount of pain in Turkish markets/currency to result in a fairly modest move for US interest rates in the bigger picture. Moreover, US rates continue paying attention to multiple sources of inspiration. Turkey was just one among many in that regard, and even then, only when Turkish market movement was its most extreme. More so than yesterday, today brought some hope that the worst is over for Turkey. While that's good for Turkey, it's not good for rates in the US, all other things being equal. That said, it

August 14, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Edge Higher Ahead of Retail Sales Data Mortgage rates were sideways to slightly higher today, depending on the lender. With the exception of the past two days, this leaves us at the best levels in more than 3 weeks. In general, that move was made possible by financial drama in Turkey, but... (read more) MBS Commentary MBS Live Recap: Bonds Fight Off Sharper Retreat Ahead of Data Bonds began the day in moderately weaker territory as Turkish tensions eased overnight.  That certainly wasn't the only game in town as far as market movers were concerned though!  On several occasions throughout the day, US bond markets co... (read more) Rob Chrisman New Bankruptcy Products; Remote Training This Week; Agency Changes Continue A Zen master visiting NYC approaches a hot dog vendor and says, "Make me one with everything." The hot dog vendor fixes a hot dog and hands it to the Zen master, who pays with a $20 bill. The vendor puts the bill in the cash box and closes it. "Excus... (read more) Housing News Florida, Houston Delinquencies Still Reflecting 2017 Storms The effects of Hurricane Irma continue to be felt in the Southeast, with Florida the only state to report an increase in its delinquency rate in May. The rate in the state was up 1 percentage point compared to May 2017 and gave Florida the third high... (read more) MBS Commentary MBS Live Day Ahead: With or Without Turkey, Bonds Face Same Challenges Turkish Lira bounced in the overnight session--not in any epic fashion, but enough to result in a bit of spillover for stocks/bonds.  10yr yields rose as high as 2.9022 before cooling back down.  Notably, yields fell even as Lira maintained... (read more) MBS Commentary MBS Live Recap: Mismatch Between Headlines and Bonds Another day, another chance for market watchers and pundits of all types to make mountains out of Turkish molehills.  Yes, the financial crisis in Turkey is important and it's still a thing , but no... it's not the most important market mover f... (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 8:45PM 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 8:45PM EST Latest Video Why Home Depot stock is down despite earnings beat Consumers the strongest they've been in 25 years, says expert Import prices unchanged in July Around the Web Calculated Risk Blog California Bay Area Home Sales Decline 3 Percent YoY in July, Inventory up 2% YoY Reuters Earnings optimism, rebound in bank stocks lift Wall Street Calculated Risk Blog NY Fed Q2 Report: "Total Household Debt Rises for 16th Straight Quarter" CNBC The best and worst US cities for retirement NAHB Eye on Housing Most Buyers Actively Searching for a Home Have Been Looking for 3+ Months consumerfinancemonitor.com CFPB suspending routine supervisory examinations for MLA compliance Calculated Risk Blog Small Business Optimism Index increased in July consumerfinancemonitor.com CFPB settles lawsuit against online payday lenders Reuters Risk of no-deal Brexit rising, 'everyone needs to prepare': British foreign minister Reuters Home Depot's second-quarter sales rebound, shares rise Reuters Erdogan says Turkey will boycott U.S. electronics, lira steadies NPR Ben Carson Moves Forward With Push To Change Fair Housing Rule Bloomberg CBO Cuts US Growth Forecast Amid Warnings on Trade Spats

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