Mortgage rates were mostly flat to begin the new week, even though underlying bond markets were in stronger territory. Bonds, more than anything else, dictate the day-to-day direction for mortgage rates. That said, there are different varieties of bonds as well as different levels of willingness to react on the part of mortgage lenders. In today's case, the bonds that specifically govern mortgages aren't doing quite as well as the broader bond market. As of this morning, lenders weren't seeing enough improvement to make any meaningful changes to their rate offerings. Mortgage-backed bonds have improved somewhat throughout the day. At face value, that seems like it should help mortgage rates and indeed it might. The issue is that there hasn't been quite enough improvement for the average lender

July 15, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Little-Changed Despite Bond Market Gains Mortgage rates were mostly flat to begin the new week, even though underlying bond markets were in stronger territory. Bonds, more than anything else, dictate the day-to-day direction for mortgage rates. That said, there are different varieties of bo... (read more) Rob Chrisman Non-QM, Broker, Marketing, Tech Products; Wholesale News; Webinars You don’t think your spouse listens to you? What about Google? You bet: “Google Very Angry After Contractor Leaks Over a Thousand Assistant Recordings.” Interesting that many of the “best and brightest” of people in thei... (read more) Housing News Everything You Need to Know About Housing - and Then Some The U.S. Census Bureau recently released a treasure trove of data, its 2018 report on Characteristics of New Housing. The report, based on data collected by the Bureau's Survey of Construction, covers a huge array of stats about new single-family hou... (read more) Housing News New Home Buyers Shied Away in June Despite Friendly Rates Applications for financing new home purchases slipped in June in spite of the continued easing of mortgage interest rates. The Mortgage Bankers Association (MBA) said its Builder Application Survey (BAS) shows mortgage applications for new home purch... (read more) Housing News VA Churning is Costing All Ginnie Mae Borrowers and Investors The Government National Mortgage Association (Ginnie Mae) is the agency, housed under the Department of Housing and Urban Development, that converts government guaranteed mortgages into mortgage-backed securities for investors to purchase. Their orig... (read more) MBS Commentary MBS Live Recap: Sleepy Session, But Tomorrow Could be Different Today was one of those unofficial 3-day weekend type of Mondays with light volume, light trader participation, and "drifty" trading momentum.  A market holiday in Tokyo (Asian market hours' requisite hub for cash Treasury trading) didn't help st... (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: 7/5 8:18PM 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: 7/5 8:18PM 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 S&P 500 closes flat as earnings season starts CNBC Here are the 10 best cities for millennial homebuyers CNBC This is the credit score you typically need to take out a mortgage NAR - Realtor.com Black Homeownership Drops to All-Time Low builderonline.com Survey: Real Estate Commission Is Top Pain Point for Clients Calculated Risk Blog Ten Years Ago: The Sluggish Recovery Began NAHB Eye on Housing Single-Family Permit Decline Continued in May Calculated Risk Blog NY Fed: Manufacturing "Business activity rebounded modestly in New York State" builderonline.com Condos Converting to Apartments in Tampa Forcing Owners Out CNBC US Federal Reserve is 'doing a fine job,' IMF's Zhang says CNBC Groping for new tools, central banks including the Fed look at Japan's yield controls Reuters U.S. Fed seen launching repo facility in early 2020: Deutsche Bank Calculated Risk Blog Q2 Review: Ten Economic Questions for 2019

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