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: 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 29, 2019 Mortgage Rates Start Slow, But Risks Increase Throughout The Week Mon, Jul 29, 2019 4:21PM 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 savi... (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 5.5 101.28 +0.16   97.47 101.61 UMBS 30YR 6.0 102.54 +0.05   99.66 102.54 10 YR Treasury 4.039 -0.047   3.621 4.780 MBS Live Recap: Sleepy Summertime Monday Emphasizes Upcoming Events Mon, Jul 29, 2019 4:43PM 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 putting the market under too much of a microscope for anything it did today.  Even then, the bond market didn... (read more) MBS Price Change UMBS 5.0 99.78 +0.31 UMBS 5.5 101.28 +0.16 UMBS 6.0 102.54 +0.05 GNMA 5.0 100.07 +0.24 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.18 +0.05 Pricing as of: 9/8 7:53PM EST US Treasury Yield Change 2 YR Treasury 3.487 -0.030 5 YR Treasury 3.562 -0.027 7 YR Treasury 3.768 -0.032 10 YR Treasury 4.039 -0.047 30 YR Treasury 4.690 -0.079 Pricing as of: 9/8 7:53PM EST Other News Equifax Told to Pay Up Over Breach. Make them Do It. Mon, Jul 29, 2019 11:55AM 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 two minutes to submit a claim under the settlement Equifax just agreed to. However, David Lazarus, writing in th... (read more) CFPB Says Patch is Going Away but Asks "What Next?" Fri, Jul 26, 2019 11:44AM 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 Dodd-Frank Consumer Protection and Wall Street Reform Act amended the Truth in Lending Act (TILA) to establish, ... (read more) Homeowner Vacancy Rate Lowest Since 1981 Thu, Jul 25, 2019 3:42PM 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 second quarter of 2016, ending exactly 10 years of decline. The rate was lowest in the West where it dipped q... (read more) Marketing, Wire Fraud, Profitability, Bidding Products; All Eyes on the Economy Mon, Jul 29, 2019 8:57AM 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 puzzled why Moody’s, the bond rating agency, bought a startup that quantifies climate-related risks . (The c... 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