Mortgage rates began the day very little changed versus yesterday's latest offerings. That meant another morning of access to the lowest rates since late 2017. As the day progressed, bond markets weakened and several lenders were forced to issue mid-day reprices (meaning slightly higher rates or upfront costs, depending on the scenario). Reprices can go both ways, but generally speaking, lenders are quicker to reprice toward higher rates/costs when bonds are weakening than they are to offer improvements when bonds are strengthening. It should be noted that different lenders are offering drastically different rates at the moment. This is a byproduct of market volatility and differences in business models. Some lenders are better able to keep pace with this volatility than others. If markets

June 5, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Steady to Higher Depending on The Lender Mortgage rates began the day very little changed versus yesterday's latest offerings. That meant another morning of access to the lowest rates since late 2017. As the day progressed, bond markets weakened and several lenders were forced to issue mid-... (read more) Housing News Low Rates Spark Mini-Boom in Refinancing Interest rates declined again during the week ended May 31 , propping up mortgage application activity in a holiday shortened week. The Mortgage Bankers Association said its Market Composite Index, a measure of loan applications volume, managed a 1.5... (read more) MBS Commentary MBS Live Day Ahead: Pondering The Next Move as Data Picks Up In the day just past, bonds put in their biggest day of weakness since mid-April on what looks to have been a purely technical correction.  It was an ideal day for such things considering the extreme gains on Monday and the absence of any signif... (read more) Rob Chrisman Cost-saving Products; Upcoming Events and Free Training; Company Moves I was walking by a classroom recently and I overhead the teacher telling the 1st graders, “Let’s work really hard today – your parents are eager for deliverables.” There are certainly some lenders out there delivering… ... (read more) Housing News Public and Private Construction Spending Essentially Unchanged Spending on construction was almost flat in April. The Census Bureau said total expenditures of both public and private money was essentially unchanged from the seasonally adjusted estimate in March of $1.30 trillion. The March number was revised fro... (read more) Housing News This Week Marked Low-Key Launch of the GSEs' Single MBS The long-awaited single mortgage-backed security from the GSEs Fannie Mae and Freddie Mac launched on Monday. The official start date for the single security was announced in mid-March. The single security will be issued via the Common Securitization... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.82% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.82% -0.01 0.00 15 Yr. Fixed 6.07% -0.01 0.00 30 Yr. FHA 6.40% -0.01 0.00 30 Yr. Jumbo 6.92% -0.01 0.00 7/6 SOFR ARM 6.31% -0.01 0.00 30 Yr. VA 6.42% 0.00 0.00 Updates Daily - Last Update: 7/17 15 Yr. Fixed Rate 6.07% -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 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries UMBS 30YR 5.5 99.14 +0.02 Price / Yield Change MBS UMBS 5.5 99.14 +0.02 UMBS 6.0 101.17 +0.04 GNMA 5.5 99.44 +0.04 GNMA 6.0 101.14 +0.04 Pricing as of: 7/17 9:20PM EST 10 Year US Treasury 4.4410 -0.0123 Price / Yield Change US Treasury 2 YR Treasury 3.890 -0.014 5 YR Treasury 3.979 -0.011 7 YR Treasury 4.199 -0.012 10 YR Treasury 4.442 -0.012 30 YR Treasury 4.998 -0.010 Pricing as of: 7/17 9:20PM 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 NAHB Eye on Housing Builders' Use of Drones Remains Widespread, Mostly for Promotional Photos Calculated Risk Blog Fed's Beige Book: Economic Growth "Modest", Labor Market "Tight" Redfin Here's What Homebuyers and Sellers Can Expect if the Fed Lowers Rates CNBC The US 10-year yield could fall to 1.75% by the end of the year, market watcher says CNBC Fed Governor Brainard backs up Powell's view that the Fed is 'prepared to adjust policy' Reuters White House adviser says tariffs on Mexican goods may not be needed Reuters Mexican president hopeful a deal with U.S. on tariffs can be reached Federal Reserve Clarida, The Federal Reserve's Review of Its Monetary Policy Strategy, Tools, and Communication Practices CNBC ISM non-manufacturing hits ... in May vs. 55.5 estimate Calculated Risk Blog ADP: Private Employment increased 27,000 in May Reuters Fed's slipstream leaves stocks beaming, dollar subdued CNBC US Treasury yields tick lower as investors digest Powell comments Bloomberg Fed Inches Toward Rate Cut as Trump's Trade War Frays Patience

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