Mortgage rates remained at recent lows today, as underlying bond markets strengthened. For US Treasuries, this brought rates to new multi-month lows. Mortgage-backed bonds, on the other hand, simply returned in line with the best levels of the week. That allowed mortgage lenders to continue offering the best rates of the week (also the best rates in more than year!). For most of 2019, rates have remained locked in a narrow range . The past few days have done more than any others to challenge that range, but it will likely take friendly words from the Fed next Wednesday to fuel any further improvement. With that in mind, I'd say that much of the recent strength in rates is based on hopes for friendly central bank policies . There's always a risk that the Fed isn't quite ready to say what markets

March 15, 2019 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.02%   6.11% 7.26% 15 Yr. Fixed 5.72% +0.02%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 15, 2019 Rates Stay Low; Bigger Risks/Rewards Next Week Fri, Mar 15, 2019 3:49PM Mortgage rates remained at recent lows today, as underlying bond markets strengthened. For US Treasuries, this brought rates to new multi-month lows. Mortgage-backed bonds, on the other hand, simply returned in line with the best levels of the week. That allowed mortgage lenders to continue offering the best rates of the week (also the best rates in more than year!). For most of 2019, rates have remained locked in a narrow range . The past few days have done more than any others to challenge that range, but it will likely take friendly words from the Fed next Wednesday to fuel any further impr... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.02 0.00 15 Yr. Fixed 5.72% +0.02 0.00 30 Yr. FHA 6.00% +0.03 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% +0.02 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 9/12 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.13 +0.02   97.47 101.61 UMBS 30YR 6.0 102.40 0.00   99.66 102.50 10 YR Treasury 4.066 +0.040   3.621 4.780 MBS Live Day Ahead: Not Another Ides of March Headline Fri, Mar 15, 2019 9:22AM People who write articles every day love holidays and other dates that offer some reprieve from the need to be creative when it comes to writing headlines.  On February 14th, they can incorporate love.  On Halloween, it's a good bet that yo... (read more) MBS Live Recap: Small Scale Volatility Lost in Big Picture Shuffle Thu, Mar 14, 2019 5:14PM In the bigger picture, we'll look back at today's intraday trading range and it will be completely meaningless--among the narrower days of 1st quarter of 2019.  That's because, like yesterday, nothing interesting happened to motivate any meaningful movement.  If that's all the more you'd like to know about today, feel free to go about your busine... (read more) MBS Price Change UMBS 5.0 99.63 +0.06 UMBS 5.5 101.13 +0.02 UMBS 6.0 102.40 0.00 GNMA 5.0 100.00 -0.08 GNMA 5.5 101.13 -0.08 GNMA 6.0 102.01 -0.04 Pricing as of: 9/13 5:13AM EST US Treasury Yield Change 2 YR Treasury 3.553 +0.009 5 YR Treasury 3.630 +0.027 7 YR Treasury 3.816 +0.038 10 YR Treasury 4.066 +0.040 30 YR Treasury 4.681 +0.023 Pricing as of: 9/13 5:13AM EST Other News Aging Americans, Aging Housing Stock Driving Remodel Boom Fri, Mar 15, 2019 2:04PM Nearly 80 percent of America's housing stock is at least 20 years old and twice that share of homes were built 50 or more years ago. With new construction still well behind its pre-recession levels Americans have been remodeling these older homes in huge numbers. The Joint Center on Housing Studies says there was $425 billion spent nationally on maintenance ... (read more) MBA has a More Upbeat View on New Home Sales Fri, Mar 15, 2019 8:12AM Even though the January Census Bureau report on new home sales published on Thursday wasn't all that encouraging for the spring market, the Mortgage Bankers Association (MBA) is predicting more upbeat news for February. The Association's Builder Application Survey (BAS) shows a 6 percent increase in new home purchase applications from the previous month and ... (read more) Broker Products; UK says no to "no deal"; Shall We Call UMBS "Unis?" Fri, Mar 15, 2019 8:55AM I didn’t know that America has a “most hated” type of home loan until Bloomberg “informed” me that reverse mortgages are… hated. Hated? Couldn’t the author have focused on the positives? Did you know that 87% of properties across the country are in an area eligible for 1 or more home ownership programs? Apparently .... (read more) Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web NAHB Eye on Housing Construction Job Openings Hold Steady In January consumerfinancemonitor.com FTC Cites Need for Improvement in Compliance Reports Bloomberg Treasury Yields Draw Closer to 2019 Lows Calculated Risk Blog Q1 GDP Forecasts: Slightly Positive consumerfinancemonitor.com CFPB Seeks to Enforce CID against Debt Collection Law Firm Reuters Fed to raise interest rates once more in third quarter, then done: Reuters poll CNBC Get ready to pay more rent, even as home prices cool off Reuters U.S. job openings increase by 102,000 in January Calculated Risk Blog Industrial Production Increased 0.1% in February NAHB Eye on Housing North Carolina Leads Job Gains in January Calculated Risk Blog NY Fed: Manufacturing "Business activity grew only slightly in New York State" Bloomberg Theresa May Might Have Outmaneuvered All Her Brexit Critics builderonline.com Poor Credit Scores Hindering Home Ownership in Georgia

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