Mortgage rates have been putting on a rather frustrating and exciting show in the month of August. On the one hand, they're at or near their lowest levels in 3 years. On the other hand, they're not nearly as low as you'd expect them to be based on movement in markets that almost always track mortgages in lock-step. The 10yr Treasury yield, above all other interest rates has long been thought to dictate mortgage rate movement. That's a complicated thesis to evaluate, because it's true and false at the same time. It's certainly true that Treasuries set the tone for almost any interest rate in the US. They're like an aircraft carrier and other rates are like planes, helicopters, soldiers, rafts, boats, and unmanned submersibles that are along for the ride. At any given time, mortgage rates may

August 28, 2019 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.25% -0.04%   6.11% 7.26% 15 Yr. Fixed 5.71% -0.01%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Aug 28, 2019 No, Mortgage Rates Aren't Based on 10yr Treasury Yields Tue, Aug 27, 2019 5:23PM Mortgage rates have been putting on a rather frustrating and exciting show in the month of August. On the one hand, they're at or near their lowest levels in 3 years. On the other hand, they're not nearly as low as you'd expect them to be based on movement in markets that almost always track mortgages in lock-step. The 10yr Treasury yield, above all other interest rates has long been thought to dictate mortgage rate movement. That's a complicated thesis to evaluate, because it's true and false at the same time. It's certainly true that Treasuries set the tone for almost any interest rate in th... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.25% -0.04 0.00 15 Yr. Fixed 5.71% -0.01 0.00 30 Yr. FHA 5.99% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.64% -0.01 0.00 30 Yr. VA 6.01% 0.00 0.00 Updates Daily - Last Update: 9/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.30 +0.17   97.47 101.61 UMBS 30YR 6.0 102.45 +0.06   99.66 102.50 10 YR Treasury 4.035 -0.031   3.621 4.780 MBS Live Day Ahead: Is The Rally Losing Steam? Wed, Aug 28, 2019 9:18AM In the day just passed, traders focused on the yield curve--an opaque term that officially refers to the entire curve of bond yields versus bond duration, but that everyone unofficially agrees to be a reference to the 2yr vs 10yr spread unless otherwise specified (e.g. if I want to talk about the 3m vs 10yr curve or the 5yr vs 30yr curve, I have to say "3m/1... (read more) MBS Price Change UMBS 5.0 99.93 +0.29 UMBS 5.5 101.29 +0.16 UMBS 6.0 102.45 +0.05 GNMA 5.0 100.21 +0.21 GNMA 5.5 101.20 +0.07 GNMA 6.0 102.01 +0.00 Pricing as of: 9/15 5:41PM EST US Treasury Yield Change 2 YR Treasury 3.538 -0.015 5 YR Treasury 3.605 -0.026 7 YR Treasury 3.789 -0.027 10 YR Treasury 4.037 -0.030 30 YR Treasury 4.653 -0.028 Pricing as of: 9/15 5:41PM EST Other News Homeownership is the Top Contributor to Household Wealth Wed, Aug 28, 2019 11:18AM Two US Census Bureau researchers have determined that the biggest determinants of household wealth are owning a home and having a retirement account . While that may not be surprising, the degrees of magnitude are. Using data from the 2015 Survey of Income and Program Participation, Jonathan Eggleston, an economist, and Donald Hays, a survey statistician in ... (read more) Rates Increase For First Time Since July, Application Volume Slips Wed, Aug 28, 2019 8:09AM Mortgage rates increased last week and in response the volume of applications ratcheted down significantly. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, dropped 6.2 percent on a seasonally adjusted basis during the week ended August 23. On an unadjusted basis the index was 7.0 percent lower than dur... (read more) Home Price Gains Trending Down to "Sustainable Levels" Tue, Aug 27, 2019 10:31AM Both the S&P CoreLogic Case-Shiller and the Federal Housing Finance Agency (FHFA) reported June price data on Tuesday. Both sets of indices showed the trend of decelerating prices continued into the summer, but appreciation in the FHFA index is still significantly more aggressive than the Case-Shiller and other major price measures. The S&P CoreLogic... (read more) Ginnie Pooling, Credit and Broker Products; Wholesale News Wed, Aug 28, 2019 8:32AM For readers who deny climate change is real, natural or manmade, sinking cities around the world (including Houston and New Orleans ) can be attributed to groundwater issues (public and private wells pulling water out of aquafers), another long-term trend that lenders could worry about, or at least be aware of. But one thing that lenders are not worried abou... (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 CNBC Southern California sees strongest July home sales in four years, thanks to lower mortgage rates Calculated Risk Blog Zillow Case-Shiller Forecast: Lower YoY Price Gains in July compared to June Bloomberg More U.S. Homebuyers Say They Expect a Recession by Next Year - Bloomberg CNBC People who brought homes in the past 2 years could see 'significant' savings by refinancing now Bloomberg Italian Yields Tumble to Record Low as Coalition Deal Seen Near CNBC Yield inversion 'isn't just a switch' for recession, and may not be a signal at all this time Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in June Bloomberg Dudley Sparks Debate About the Role of the Fed in the Age of Trump Bloomberg Want to Fight Foreclosure? Good Luck After Ditech's Bankruptcy - Bloomberg Reuters Fed divided on policy, discount rate votes show Reuters U.S. yield inversion deepens, stokes recession fears Reuters Fed rejects call to deny Trump rate cuts; Trump keeps up pressure Calculated Risk Blog Update: A few comments on the Seasonal Pattern for House Prices

© 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.