Mortgage rates were higher again today, making this the first confirmed bounce since beginning their stellar run last week. To be clear, rates have been in a broader stellar run since November 2018, but had definitely settled into a sideways pattern in the first part of 2019. Last week's big move served as the great escape from that pattern. In the trivia department, with today in the books, this has become the best month for mortgage rates since late 2008 (in terms of overall movement, not outright levels... rates were definitely lower many times). The bigger question is whether or not the good times keep rolling in April. If these past 2 days of weakness are a cue, there's a risk that a bigger pull-back will take shape. Either way, next week's economic data could play a key role as there

March 29, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Are Rates Bouncing After Best Month in a Decade? Mortgage rates were higher again today, making this the first confirmed bounce since beginning their stellar run last week. To be clear, rates have been in a broader stellar run since November 2018, but had definitely settled into a sideways pattern ... (read more) MBS Commentary MBS Live Recap: Well-Contained Volatility For Quarter-End Bonds began the day in weaker territory, threatening to confirm a 2 day move that ends March's impressive run.  Weakness remained intact all day but began to fade after 10:30am when the brexit vote failure headlines came out.  Brexit contin... (read more) Housing News Strong New Home Sales Report Puts Data Back on Schedule With the third set of new home sales data in 21 days it seems the Census Bureau has caught up from the partial government shutdown. Whether because of the delay, or just in the normal course of revisions, changes to the December numbers were dramatic... (read more) Rob Chrisman Warehouse, Broker Products; Banc of California Exit; Coast to Coast Training and Events Wells Fargo’s continuing saga continues with the resignation of its CEO Tim Sloan over opening accounts without customer’s permission. “Fortunately” this time it was not for mortgage-related issues, and Allen Park, Wells&rsquo... (read more) MBS Commentary MBS Live Day Ahead: First and Last Day of True Bond Market Weakness in March While the notion that "all good things come to an end" is the subject of philosophical debate, it's a safe bet that all awesome bond rallies will eventually meet resistance.  For the first time in the entire month of March, the bond market is ex... (read more) Housing News White House Chimes in on Housing Finance Reboot As the Senate Banking Committee wound up its second day of hearings on Chairman Mike Crapo's (R-ID) outline for housing finance reform the White House issued its own memorandum. In a memo addressed to all cabinet members and the heads of several hous... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.37 -0.14 Price / Yield Change MBS UMBS 5.5 99.38 -0.13 UMBS 6.0 101.31 -0.09 GNMA 5.5 99.64 -0.13 GNMA 6.0 101.28 -0.05 Pricing as of: 7/23 8:45PM EST 10 Year US Treasury 4.3837 +0.0377 Price / Yield Change US Treasury 2 YR Treasury 3.880 +0.051 5 YR Treasury 3.934 +0.049 7 YR Treasury 4.147 +0.049 10 YR Treasury 4.388 +0.042 30 YR Treasury 4.943 +0.026 Pricing as of: 7/23 8:45PM EST 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 Reuters Fed policymakers do not want rate cuts, not even the doves Calculated Risk Blog Q1 GDP Forecasts: Mid 1% Range NAR - Realtor.com Home Buyers See Recession as Likely, but It's Not Stopping Them CNBC White House economic advisor Kudlow says Fed should 'immediately' cut rates builderonline.com San Diego Median Home Price at $549K, Sales Sliding Bloomberg Treasuries May Be Open to Tactical Plays as Rally Loses Momentum Calculated Risk Blog A few Comments on February New Home Sales CNBC Fed's Quarles says more rate hikes could be ahead 'at some point' as economy improves Bloomberg Fed's Neel Kashkari Still Sees Economy on Track Despite Yield Curve Reuters U.S., China hold 'candid and constructive' trade talks in Beijing CNBC The Fed has made a big mistake, and here's how Powell could fix it: Stifel Reuters Death knell for May's Brexit deal as lawmakers reject it by 286 to 344 CNBC New home sales rise to 11-month high in February

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