Mortgage rates moved higher over the past 2 days, but managed to find their footing today. I'll be the last person to claim interest rates and stock prices must follow one another, but at times, their relationship is the most convenient way to understand the market. Stocks had been rising last week while rates were holding at the lowest levels since September 2017. More than anything, this reflected optimism on both sides of the market surrounding potential Fed rate cuts in 2019. Last Friday provided some important insight. The hotly-anticipated jobs report came out much weaker than expected. That's the sort of thing that would certainly make traders all the more likely to expect Fed rate cuts. Indeed that was the case, but trading levels suggested the bond market had already found its maximum

June 12, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Find Some Support as Stocks Cool Off Mortgage rates moved higher over the past 2 days, but managed to find their footing today. I'll be the last person to claim interest rates and stock prices must follow one another, but at times, their relationship is the most convenient way to unders... (read more) Rob Chrisman MI, Broker, IO Products; A Wealth of Freddie and Fannie Updates In the tech world, the question of, “What is real, and what isn’t?” is becoming more of problem to determine than ever before. The latest is in re-programming video and voices to make up whatever is said , just by typing it! Technol... (read more) Housing News Refi Demand Skyrockets 47% as Rates Slide Mortgage applications soared during the week ended June 7 as interest rates declined further. While applications for home purchases were up, it was refinancing that again drove the overall numbers. The week ended May 31 was shortened by the holiday w... (read more) Housing News Credit Availability Rises for Fifth Consecutive Month Mortgage access increased in May for the fifth consecutive month. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) rose 1.9 percent to 189.5. A decline in the MCAI indicates that lending standards are tighteni... (read more) Housing News Class Action Suit Against MLS and a Possible DOJ Investigation The housing crisis put the spotlight, legal and otherwise, on the ways in which home purchases were financed. Financial difficulties weeded out many marginal players as well as unethical ones in the housing finance space, and new regulations, as well... (read more) MBS Commentary MBS Live Recap: Bonds Shake Off Panic, Helped by Weak Data and Strong Auctions Yesterday morning saw bonds weaken enough to cause some small measure of panic among bond bulls.  Said bulls had been nodding their heads all last week as they were finally seeing yields that made sense in the context of long-lasting trade war... (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 99.73 +0.08 Price / Yield Change MBS UMBS 5.5 99.73 +0.09 UMBS 6.0 101.52 +0.09 GNMA 5.5 99.93 +0.07 GNMA 6.0 101.42 +0.07 Pricing as of: 7/7 12:47AM EST 10 Year US Treasury 4.3310 -0.0157 Price / Yield Change US Treasury 2 YR Treasury 3.857 -0.026 5 YR Treasury 3.911 -0.026 7 YR Treasury 4.101 -0.023 10 YR Treasury 4.330 -0.017 30 YR Treasury 4.857 -0.006 Pricing as of: 7/7 12:47AM 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 CNBC The US is more likely to end the trade war than face a 'Trump recession,' JP Morgan's top quant says Reuters U.S. government posts $208 billion deficit in May CNBC Options are few for storm-ravaged homes with insufficient insurance Bloomberg Home-Flipping Trend Weakens as High-Interest Lenders Jump 40% Calculated Risk Blog Houston Real Estate in May: Sales up 3% YoY, Inventory Up 10% Bloomberg No-Deal Brexit Now a 'Very Serious Risk,' Irish Official Says consumerfinancemonitor.com CFPB to hold June 25 symposium on abusive acts or practices NAR - Realtor.com Fix Mortgage Finance, Or We'll Do It For You, Regulator Tells Congress Redfin It Should be Easier and Less Expensive for Americans to Move to Affordable Parts of the Country CNBC The 10 best states for homeowners Calculated Risk Blog Cleveland Fed: Key Measures Show Inflation Close to 2% YoY in May, Core PCE below 2% Bloomberg The Number That Will Tell Us Whether Trump's Mexico Deal Is Real Reuters UK PM candidate Hunt says: Parliament likely to block a no-deal Brexit

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