Consumers are beginning to buy into the idea that mortgage rates might go down, at least according to responses to the June National Housing Survey (NHS) . However, that may not mean they have a lot of confidence in housing overall. Fannie Mae says its Home Purchase Sentiment Index (HPSI), based on some NHS questions, dipped a half-point from its May near-survey high to 91.5. Without an 8-point improvement in the net positive responses to "Do you think mortgages rates will go down?" the index would have fallen far further. While those who expect further easing of rates are still in the minority, the net for the question has risen to a negative 29 percent, there are far fewer naysayers than when the question bottomed out at -56.0 percent in December. Responses to the remaining five NHS questions

July 8, 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 Jul 8, 2019 Mortgage Rates Bounce Higher After Jobs Report Fri, Jul 5, 2019 5:11PM Mortgage rates moved higher today following higher-than-expected job creation in a report from the Labor Department. The Employment Situation (aka "the jobs report") is the most important monthly economic report. That's especially true for interest rates as no other data is as consistent a source of guidance and volatility. Today's was no exception. In fact, it was being watched a bit more closely than normal because last month's report raised concerns about a potential shift in labor market trends. A separate report from the private payroll firm ADP only added to the concern on Wednesday when... (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 6.0 102.50 -0.04   99.66 102.50 10 YR Treasury 4.048 +0.009   3.621 4.780 MBS Live Day Ahead: Momentum Shift Confirmation Mon, Jul 8, 2019 9:13AM In the week just past, bonds rallied hard into the Independence Day holiday.  10yr yields hit fresh multi-year lows before getting slammed by a jobs report that came out much stronger than expected.  The resulting weakness brought them in l... (read more) MBS Price Change UMBS 5.0 99.73 -0.04 UMBS 5.5 101.26 -0.03 UMBS 6.0 102.50 -0.04 GNMA 5.0 100.04 -0.03 GNMA 5.5 101.20 +0.02 GNMA 6.0 102.15 -0.04 Pricing as of: 9/8 10:32PM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.009 5 YR Treasury 3.572 +0.010 7 YR Treasury 3.776 +0.008 10 YR Treasury 4.049 +0.010 30 YR Treasury 4.700 +0.010 Pricing as of: 9/8 10:32PM EST Other News Low Rates Help Home Purchase Sentiment Hold Near Highs Mon, Jul 8, 2019 3:38PM Consumers are beginning to buy into the idea that mortgage rates might go down, at least according to responses to the June National Housing Survey (NHS) . However, that may not mean they have a lot of confidence in housing overall. Fannie Mae says its Home Purchase Sentiment Index (HPSI), based on some NHS questions, dipped a half-point from its May near-su... (read more) Investor Share of Home Sales at Record Levels Wed, Jul 3, 2019 12:02PM Seven or eight years ago the home sales headline was the entry of big institutional investors into the single-family market. These investors, many of which were hedge funds, bought up hundreds of thousands of distressed homes, a large number of which were owner-occupied, to utilize as rental properties. Investors are still with us, in larger numbers than eve... (read more) Application Activity Flat; Purchase Apps Maintain Big Annual Edge Wed, Jul 3, 2019 8:16AM Mortgage application activity during the week ended June 28 was largely unchanged from the week that preceded it. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of total volume, dipped 0.1 percent on a seasonally adjusted basis compared to the week ended June 21 and was 0.3 percent lower on an unadjusted basis. The Refinanc... (read more) Warehouse, Non-Jumbo, MI Products; Capital Markets Update Mon, Jul 8, 2019 8:55AM Welcome to “Work from Bed Day” around the nation. Okay, I just made that up, but it sounds enticing. Perhaps it would lead to greater worker satisfaction. Plenty of lenders are focused on borrower satisfaction, and quantifying it. STRATMOR published “The Seven Commandments of Borrower Satisfaction.” , for example, and in its survey J.... (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 Reuters Stocks fall on dimming prospects for sharp U.S. rate cut Redfin 10 Steps to Protect Your Home While on Summer Vacation CNBC Rental demand soars as more millennials believe it's cheaper than owning a home CNBC Rental demand soars as more millennials believe it's cheaper than owning a home Calculated Risk Blog Merrill: "Data cools call for July cuts" CNBC Art Laffer says the Federal Reserve should be controlled by the president and Congress builderonline.com Condo/Hotel Hybrid Arrives in Austin and Miami Reuters Fed easing could prompt first China rate cut in four years: analysts Reuters Global shares muted as prospect of sharp U.S. rate cut fades Bloomberg ECB Plan to Modernize Bond Sales Gets Cool Reception From Banks Bloomberg Trump Spoke With Powell on May 20, Days After Criticizing Him - Bloomberg CNBC Fed chief Powell has had a series of very short phone calls with Trump this year Bloomberg Fed Debate Shifts From Half-Point Cut to Whether to Cut at All

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.