Mortgage rates moved back down , albeit just slightly, into last week's range. They'd risen for 2 straight days by Friday, and today's improvement leaves them closer to Wednesday's levels. That assessment requires a bit of clarification, however. Rate movement can refer to changes in the actual interest rate that determines the monthly payment amount of a mortgage. But there are other upfront fees and credits that affect the overall cost of financing. For example, if you are being quoted a lower rate than anyone else, but have to pay thousands of dollars to get that rate, you might not be saving any money over time. Changes in those upfront costs happen far more readily than changes in the actual interest rates (technically referred to as "note rates"). Today was definitely not big enough to

July 29, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Start Slow, But Risks Increase Throughout The Week Mortgage rates moved back down , albeit just slightly, into last week's range. They'd risen for 2 straight days by Friday, and today's improvement leaves them closer to Wednesday's levels. That assessment requires a bit of clarification, however. Rat... (read more) Housing News Equifax Told to Pay Up Over Breach. Make them Do It. Remember the Equifax data breach? Maybe not, because it came hard on the heels of the Target data breach, and the one at Home Depot, and so on and on. In this case you might get something more out of it than aggravation, but only if you take about tw... (read more) Rob Chrisman Marketing, Wire Fraud, Profitability, Bidding Products; All Eyes on the Economy As the residential lending industry continues to buzz about the CFPB addressing the definition of a Qualified Mortgage , with proponents hoping that the ATR rules are better detailed, people who believe that climate change is a hoax are no doubt puzz... (read more) Housing News CFPB Says Patch is Going Away but Asks "What Next?" The Consumer Financial Protection Bureau (CFPB) has issued an Advance Notice of Proposed Rulemaking (ANPR) regarding the expiration of the so-called GSE Patch. The provision is scheduled to expire no later than January 10, 2021. As background, the Do... (read more) Housing News Homeowner Vacancy Rate Lowest Since 1981 The U.S. homeownership rate in the second quarter dipped slightly from its level in both the first quarter of this year and one year earlier, but at 64.1 percent the Census Bureau said it was statistically unchanged. The rate hit a low of 62.9 in the... (read more) MBS Commentary MBS Live Recap: Sleepy Summertime Monday Emphasizes Upcoming Events If you recall the analysis from a few days ago that called attention to the lowest daily trading volumes in Treasury futures in months, it's worth noting that today's were just a hair lower.  Once that's understood, there's little sense in putti... (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 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/4 3:57AM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/4 3:57AM 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 Wall St. takes a pause in wait for Fed news, trade progress Bloomberg If Powell Gives an Inch, Bond Traders May Ask Fed for a Mile NAHB Eye on Housing Housing Share of GDP Continues to Decline The Basis Point Real estate & U.S. economy are winner-take-all games, says Redfin CEO Glenn Kelman The Basis Point 10 Stats About Real Estate Agents You Didn't Know NAR - Realtor.com Why It Could Get More Difficult for Americans to Get Approved for a Mortgage Bloomberg Trump Says `A Small Rate Cut Is Not Enough' Ahead of Fed Meeting - Bloomberg Bloomberg Fed Rate Cut Messaging Needs to Validate Future Stance, Jalinoos Says Calculated Risk Blog Dallas Fed: "Texas Manufacturing Continues Moderate Expansion" NAHB Eye on Housing Southwest Led GDP Growth in the First Quarter of 2019 CNBC US-China trade talks resume in Shanghai with tempered expectations builderonline.com Older High-End Homes Not Selling in Atlanta CNBC Treasury yields move lower as traders look ahead to a Fed meeting

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