Mortgage rates were almost perfectly unchanged today. That leaves them right in line with last Friday's levels. I devoted a considerable number of words in yesterday's article to explaining why most other articles about mortgage rates were inaccurate yesterday. Suffice it to say that the absence of change compared to last Friday fully drives home the point I was making. In short, due to the primary source data that most news organizations use for their big mortgage story each week, the average article proclaimed a nice drop in rates. In actuality, that drop happened at the end of last week. From there, rates have barely budged. These rates aren't the worst we've seen and they're not the best. They're pretty comparable to most of the past few months. You'd have to go back to May 2018 to see

August 17, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Almost Perfectly Unchanged This Week Mortgage rates were almost perfectly unchanged today. That leaves them right in line with last Friday's levels. I devoted a considerable number of words in yesterday's article to explaining why most other articles about mortgage rates were inaccurate... (read more) Housing News Fannie Mae Research: Housing, What a Drag? Fannie Mae's monthly Economic Development papers always have the best headlines, pithy and to the point. The August one reads. "Growth Picks Up as Expected, No Thanks to Housing." Sort of says it all. The company's Economic and Strategic Research (ES... (read more) MBS Commentary MBS Live Day Ahead: Checking In With Bigger Picture (Treasury vs MBS) It may end up being a slow, summertime Friday with the news cycle calming down relative to earlier in the week, not to mention the fact that its peak vacation season (traders take vacations too, ya know!).  That gives us a moment to step back an... (read more) Rob Chrisman Flagstar/Fed News; FHA, VA, Ginnie Program Updates; New Lender Products Capital markets folks know that there are billions of dollars of outstanding 5, 6, 7, and even 8% securities filled with high interest-rate loans. LOs know that they aren’t paying off/refinancing. One possible reason? Despite the headlines talk... (read more) Housing News Second Quarter Loan Performance Shows Steady Improvement Loan performance continued to improve in the second quarter. The overall delinquency rate on one-to-four-unit residential properties fell to a seasonally adjusted rate of 4.36 percent of all loans outstanding at the end of that period, a 27-basis poi... (read more) MBS Commentary MBS Live Recap: Bonds End Unchanged After Mid-Day Scare Treasuries were weaker at the start of the overnight session as renewed US/China trade negotiations propelled global equities markets higher.  The hallmark of yesterday's overnight session was a sharp drop in Chinese stock futures which spille... (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 8:43PM 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 8:43PM EST Latest Video Heading toward recession? Experts weigh in No major announcement has come from Jackson Hole Fed meeting since Bernanke... Consumer sentiment index at 95.3 in August Around the Web Calculated Risk Blog Lawler: Early Read on Existing Home Sales in July Calculated Risk Blog Q3 GDP Forecasts Calculated Risk Blog BLS: Unemployment Rates Lower in 11 states in July, Oregon at New Low CNBC Consumer sentiment hits 95.3 in Aug., vs. 98 estimate Redfin Home Prices Up 5.3% in July, Continuing a Trend of Moderating Growth NAHB Eye on Housing New Single-Family Home Size Continues Downward Trend Bloomberg Chinese Property Developers Tap Onshore Bonds at the Cheapest Price Tag Ever Calculated Risk Blog California: "Housing market retreats", Inventory up 11.9% YoY Reuters Global stocks, emerging market currencies rise on planned U.S.-China trade talks NAHB Eye on Housing Townhouse Construction Surges Bloomberg A New Home for $90000? Manufactured Housing Is Making a Comeback consumerfinancemonitor.com Senate Banking Committee schedules August 23 vote on Kraninger nomination Calculated Risk Blog MBA: Mortgage Delinquency Rate decreased in Q2

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