Mortgage rates had to endure some paradoxical momentum and delayed reaction to the broader bond market rally lately, but now, it's payback time! Not only have mortgagees been able to move lower over the past 4 days, but they've done so even as Treasury yields remained flat. More simply put, 10yr Treasury yields ended the day just over 1.45% on last Wednesday. Today's comparable closing level of 1.46%. Mortgage rates, on the other hand, are down 0.08-0.11% over the same time frame, depending on the lender. While it's not a massive improvement versus Friday's latest levels, today's average offering is nonetheless the best in 3 years. Loan Originator Perspective Bonds were boosted by weak ISM data this morning, and both treasuries and MBS held their gains through closing. My pricing was incrementally

September 4, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Set Another Long-Term Low Mortgage rates had to endure some paradoxical momentum and delayed reaction to the broader bond market rally lately, but now, it's payback time! Not only have mortgagees been able to move lower over the past 4 days, but they've done so even as Treasu... (read more) MBS Commentary MBS Live Day Ahead: MBS Tightening Underway; Range-Bound Treasuries In the day just passed, bonds rallied to start the overnight session, largely following Brexit-related trading in Europe.  Yields rose moderately heading into the domestic session, but were quickly slammed down to multi-year lows by the incredib... (read more) Rob Chrisman Broker, HELOC, Warehouse, Non-QM Products; LOS survey; Vendor News Would you transfer a quarter million smackers if your boss told you to? Let’s just remind every lender, and every bank: you have the money and others want it. Here a scammer successfully “deep faked” a CEO's voice to fool an underli... (read more) Housing News How do Investors Impact Homeownership? The Urban Institute (UI) says the recent surge of investor purchases of single-family homes is raising related policy issues. In blog post examining those purchases, UI analysts Ellen Seidman and Sheryl Pardo ask three questions. 1. Are investors tak... (read more) Housing News Purchase Volume Rises Despite Market Volatility Mortgage application volume declined for the third consecutive week during the period ended August 30. The Mortgage Bankers Association said its Market Composite Index, a measure of that volume, was down 3.1 percent on a seasonally adjusted basis fro... (read more) Housing News Home Prices are on the Rise Again A second housing price index is showing an uptick in the rate of appreciation, possibly because interest rates declines have begun to mitigate affordability issues. CoreLogic says its Home Price Index for July was up 3.6 percent in July, the annual i... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% -0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% -0.05 0.00 15 Yr. Fixed 5.91% -0.05 0.00 30 Yr. FHA 6.20% -0.02 0.00 30 Yr. Jumbo 6.80% -0.04 0.00 7/6 SOFR ARM 6.33% 0.00 0.00 30 Yr. VA 6.22% -0.01 0.00 Updates Daily - Last Update: 6/30 15 Yr. Fixed Rate 5.91% -0.05% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 100.02 +0.21 Price / Yield Change MBS UMBS 5.5 100.07 +0.26 UMBS 6.0 101.68 +0.17 GNMA 5.5 100.19 +0.19 GNMA 6.0 101.50 +0.14 Pricing as of: 6/30 6:11PM EST 10 Year US Treasury 4.2290 -0.0523 Price / Yield Change US Treasury 2 YR Treasury 3.715 -0.035 5 YR Treasury 3.804 -0.031 7 YR Treasury 3.990 -0.045 10 YR Treasury 4.225 -0.057 30 YR Treasury 4.776 -0.055 Pricing as of: 6/30 6:11PM 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 Calculated Risk Blog BLS: Employment Projections: 2018-2028 Bloomberg Home Bidding Wars Hit Eight-Year Low as Buyers Lose Confidence - Bloomberg Reuters Fed's Williams says will act as appropriate to keep economy on track Reuters In subtle differences, hints of robust Fed rate-cut debate Reuters U.S. economy growing modestly as trade war dents activity: Fed Bloomberg Bank of Canada Balks at Joining Global Policy Easing Trend NAHB Eye on Housing A Smaller Share of Prospective Buyers Is Actively Looking for a Home CNBC NY Fed President John Williams says low inflation is 'the problem of this era' Calculated Risk Blog Trade Deficit decreased to $54.0 Billion in July Reuters To cut or not? Dueling Fed views boost pressure on Powell Bloomberg Fed's Rosengren Sees No Need for 'Immediate Policy Reaction' Reuters U.S. Treasury yields drop, stocks slide as global slowdown fears loom Reuters Fed's balance sheet could end up higher than $4 trillion: projections

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