Mortgage rates were sideways to slightly lower today, depending on the lender. The discrepancy stems from mid-day bond market gains that were just barely enough for a few lenders to go to the trouble of revising their mortgage rate sheets before the end of business. In other words, if bonds were to hold in similar territory by tomorrow morning, we'd likely see most lenders offering slightly better deals. There's a big question mark over tomorrow morning, however, due to the important jobs report set to be released at 8:30am ET. This is traditionally the most important economic report of any given month when it comes to interest rate reactions. While it can occasionally fail to cause a stir, it should always be respected for it's volatility-inducing potential. The timing of the data means that

September 6, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Side-Step Ahead of Jobs Report Mortgage rates were sideways to slightly lower today, depending on the lender. The discrepancy stems from mid-day bond market gains that were just barely enough for a few lenders to go to the trouble of revising their mortgage rate sheets before the ... (read more) Housing News Housing Goldmine Gets 2 New Years of Data Housing trivia probably isn't a major hobby, but if you are into it, it is your birthday and the U.S. Census Bureau brought a present. The Bureau has just released the results of its 2017 American Housing Survey . Not to make light of it, the biennia... (read more) Rob Chrisman Construction Loan Product; Freddie and Fannie Aren't Sitting Still; LIBOR Phase-Out Update In September, major league baseball teams expand their 25-man roster to 40 as teams scramble for the playoffs in October. In the mortgage business, however, rosters are being cut in the 2nd and 3rd quarters as lenders reversed course and achieved a $... (read more) MBS Commentary MBS Live Day Ahead: Bonds at Least Have a Chance I've been pretty bearish on bonds, in general, since the end of 2016.  Against that backdrop, we can of course still look for tactical opportunities, but there are also times to reinforce our defensive stance.  The most recent bounce in rat... (read more) MBS Commentary MBS Live Recap: Burden of Proof Shifts to Bond Bulls The first two trading days of September introduce a somewhat serious threat to the calm, sideways range that dominated the past 3 weeks.  Granted, the rate spike in late July introduced a similar threat to the similar sideways range and we liv... (read more) MBS Commentary MBS Live Recap: Bonds Boosted by EU Weakness Ahead of NFP Bonds were weaker in the overnight session, but only slightly.  The onset of domestic trading saw a stronger contingent of traders lined up to buy bonds at the 8:20am CME open.  The 8:15am ADP data was weaker.  It may have helped a bit... (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 8:41PM 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 8:41PM EST Latest Video Permanent individual tax cuts would cost $627 billion ISM non-manufacturing index jumps back to 58.5 in August Fannie and Freddie 10 years later Around the Web Reuters Trade war uncertainty drags on markets, world stock index down for fifth day CNBC House GOP's second phase of tax reform aims to make individual cuts permanent, boost retirement savings NAR - Realtor.com Forget HGTV: These Are the Surprising New Hottest Markets for Home Flipping Reuters NY Fed's Williams says economy 'as good as it gets' for U.S. central bank NAHB Eye on Housing Reported Shortage of Rough Carpentry Contractors Hits Record 90 Percent Calculated Risk Blog August Employment Preview Reuters House Speaker says he has understanding with Trump to fund government NAHB Eye on Housing House Price Appreciation Slows in June Calculated Risk Blog Las Vegas Real Estate in August: Sales Down 3% YoY, Inventory up 20% YoY Reuters Justice Department probing Wells Fargo's wholesale banking unit: WSJ consumerfinancemonitor.com CFPB files proposed Rule 54(b) judgment in RD Legal case Reuters U.S. factory orders fall in July on weak aircraft demand Calculated Risk Blog ISM Non-Manufacturing Index increased to 58.5% in August

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