Mortgage rates were roughly unchanged to begin the week. That means they are staying in line with the lowest levels in more than a year. Only 2 or 3 days have been any better, depending on the lender, and the differences are minimal. It's refreshing to see rates near long-term lows after somewhat of a scare 2 weeks ago. Heading into March 1st, rates rose at their quickest pace in more than a month. In so doing, they were also potentially breaking out of a sideways range that had dominated most of 2019. When rates break such ranges, it's not uncommon for them to keep moving in the direction of the break. In other words, we may have been looking at the beginning of a bigger move toward higher rates. Thankfully, last week saw a complete reversal of the negative momentum. This restored the previous

March 11, 2019 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 11, 2019 Mortgage Rates Start Week Near Long-Term Lows Mon, Mar 11, 2019 3:59PM Mortgage rates were roughly unchanged to begin the week. That means they are staying in line with the lowest levels in more than a year. Only 2 or 3 days have been any better, depending on the lender, and the differences are minimal. It's refreshing to see rates near long-term lows after somewhat of a scare 2 weeks ago. Heading into March 1st, rates rose at their quickest pace in more than a month. In so doing, they were also potentially breaking out of a sideways range that had dominated most of 2019. When rates break such ranges, it's not uncommon for them to keep moving in the direction of ... (read more) Mortgage Rates Played a Perfect Game This Week Fri, Mar 8, 2019 3:50PM Yesterday, we talked about how mortgage rates were actually lower this week, despite some news coverage to the contrary, and how that discrepancy was the result of a logical misunderstanding. Today takes the discrepancy to another level as rates fell even farther. The average lender is very close to offering the lowest rates seen in over a year. In fact, if we're talking about the "note rate" (the actual interest rate applied to a mortgage balance), we're at the lows already. It's only when we consider the upfront costs that today's overall rate/fee scenarios aren't quite there yet. Let's not ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.26 -0.02   97.47 101.61 UMBS 30YR 6.0 102.51 -0.03   99.66 102.51 10 YR Treasury 4.046 +0.007   3.621 4.780 MBS Live Week Ahead: New Range Comes Into Focus as Its Time Runs Out Mon, Mar 11, 2019 9:48AM Stop me if you've heard this one before.  There's this range in early 2019... It was consolidating.  Then it broke.  Now it's sideways. Unless you're just joining us for the first time, you've likely had quite enough of all the rang... (read more) MBS Live Recap: Bonds More Than Make Up For Last Week's Bumpy Ride Fri, Mar 8, 2019 4:14PM From bumpy ride to smooth sailing: bonds gained more ground this week than they lost during last week's range-breaking sell-off.  I firmly believe that would not have been the case were it not for the key events of the past 2 days.  Yesterday, it was the surprisingly dovish ECB Announcement.  Today, it was the shockingly weak nonfarm payroll... (read more) MBS Live Recap: Bonds Hanging Out in Strong Territory Despite Retail Sales Mon, Mar 11, 2019 4:38PM Today brought the Retail Sales report, which was responsible for a fairly big reaction the last time it came out.  This time around, the reaction was almost undetectable .  Granted, that likely has a lot to do with the fact that it was much closer to consensus, or that the previous month was revised lower.  But even then, traders COULD have u... (read more) MBS Price Change UMBS 5.0 99.74 -0.04 UMBS 5.5 101.26 -0.02 UMBS 6.0 102.50 -0.04 GNMA 5.0 100.05 -0.03 GNMA 5.5 101.21 +0.02 GNMA 6.0 102.15 -0.03 Pricing as of: 9/8 10:19PM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.009 5 YR Treasury 3.570 +0.008 7 YR Treasury 3.775 +0.006 10 YR Treasury 4.046 +0.007 30 YR Treasury 4.699 +0.009 Pricing as of: 9/8 10:19PM EST Other News Recruiting, Subservicer Products; Freddie/Fannie Changes in Primary, Secondary, and Servicing Areas Mon, Mar 11, 2019 8:52AM How do you pay your bills? (Do you pay your bills?) Cash? Check? Automatic debit? There is a myriad of ways that borrowers remit their mortgage payments , with auto-pay (28%) and a mortgage servicer’s website (22%) “taking up half of the pie” per the Mortgage Bankers Association. (“Servicer mobile applications are emerging and poised ... 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The weakened jobs market is tariff induced, economist says Around the Web Reuters Stocks rise in broad rally, Treasury yields gain CNBC Why rising wages could push the Fed toward more rate hikes yet NAHB Eye on Housing Strong Equity Cushion Formed for U.S. Homeowners by 2019 Bloomberg U.S. Inflation Expectations Slide Amid Heightened Focus From Fed Calculated Risk Blog Mortgage Equity Withdrawal slightly positive in Q4 Calculated Risk Blog BLS: Unemployment Rates Higher in 3 states in January; Lower in 3 States NAHB Eye on Housing Permit Growth Stable in December Calculated Risk Blog Retail Sales increased 0.2% in January NAHB Eye on Housing New Single-Family Home Size Continues Decline Bloomberg Powell Says Fed Will Watch January Retail Sales Data for Rebound CNBC US Treasury yields move higher after Powell comments Bloomberg Bond-Market Inflation Skeptics See Little to Fear in Coming Data Reuters What stood out in the February U.S. jobs report

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