Mortgage rates were roughly unchanged to begin the week. That means they are staying in line with the lowest levels in more than a year. Only 2 or 3 days have been any better, depending on the lender, and the differences are minimal. It's refreshing to see rates near long-term lows after somewhat of a scare 2 weeks ago. Heading into March 1st, rates rose at their quickest pace in more than a month. In so doing, they were also potentially breaking out of a sideways range that had dominated most of 2019. When rates break such ranges, it's not uncommon for them to keep moving in the direction of the break. In other words, we may have been looking at the beginning of a bigger move toward higher rates. Thankfully, last week saw a complete reversal of the negative momentum. This restored the previous

March 11, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Start Week Near Long-Term Lows Mortgage rates were roughly unchanged to begin the week. That means they are staying in line with the lowest levels in more than a year. Only 2 or 3 days have been any better, depending on the lender, and the differences are minimal. It's refreshing ... (read more) Rob Chrisman Recruiting, Subservicer Products; Freddie/Fannie Changes in Primary, Secondary, and Servicing Areas How do you pay your bills? (Do you pay your bills?) Cash? Check? Automatic debit? There is a myriad of ways that borrowers remit their mortgage payments , with auto-pay (28%) and a mortgage servicer’s website (22%) “taking up half of the ... (read more) MBS Commentary MBS Live Week Ahead: New Range Comes Into Focus as Its Time Runs Out Stop me if you've heard this one before.  There's this range in early 2019... It was consolidating.  Then it broke.  Now it's sideways. Unless you're just joining us for the first time, you've likely had quite enough of all the rang... (read more) Mortgage Rate Watch Mortgage Rates Played a Perfect Game This Week Yesterday, we talked about how mortgage rates were actually lower this week, despite some news coverage to the contrary, and how that discrepancy was the result of a logical misunderstanding. Today takes the discrepancy to another level as rates fell... (read more) MBS Commentary MBS Live Recap: Bonds More Than Make Up For Last Week's Bumpy Ride From bumpy ride to smooth sailing: bonds gained more ground this week than they lost during last week's range-breaking sell-off.  I firmly believe that would not have been the case were it not for the key events of the past 2 days.  Yeste... (read more) MBS Commentary MBS Live Recap: Bonds Hanging Out in Strong Territory Despite Retail Sales Today brought the Retail Sales report, which was responsible for a fairly big reaction the last time it came out.  This time around, the reaction was almost undetectable .  Granted, that likely has a lot to do with the fact that it was muc... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.91% +0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.91% +0.05 0.00 15 Yr. Fixed 6.22% +0.03 0.00 30 Yr. FHA 6.29% +0.04 0.00 30 Yr. Jumbo 7.02% +0.02 0.00 7/6 SOFR ARM 6.45% 0.00 0.00 30 Yr. VA 6.30% +0.03 0.00 Updates Daily - Last Update: 5/8 15 Yr. Fixed Rate 6.22% +0.03% Rate Change Points Freddie Mac 30 Yr. Fixed 6.76% 0.00 0.00 15 Yr. Fixed 5.89% -0.03 0.00 Updates Weekly - Last Update: 5/8 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.89% -0.01 0.00 15 Yr. Fixed 6.17% -0.03 0.76 30 Yr. Jumbo 6.88% -0.02 0.60 Updates Weekly - Last Update: 4/30 MBS / Treasuries UMBS 30YR 5.5 99.09 -0.02 Price / Yield Change MBS UMBS 5.5 99.09 -0.02 UMBS 6.0 100.98 +0.01 GNMA 5.5 99.40 +0.01 GNMA 6.0 100.82 +0.03 Pricing as of: 5/9 4:56AM EST 10 Year US Treasury 4.3838 +0.0068 Price / Yield Change US Treasury 2 YR Treasury 3.870 -0.004 5 YR Treasury 3.984 -0.003 7 YR Treasury 4.175 -0.007 10 YR Treasury 4.382 +0.005 30 YR Treasury 4.849 +0.016 Pricing as of: 5/9 4:56AM EST Latest Video White House unveils 2020 budget proposal Business inventories meet expectations for December 2018 February data suggests economy has bounced back from shutdown, economist sa... The weakened jobs market is tariff induced, economist says Around the Web Reuters Stocks rise in broad rally, Treasury yields gain CNBC Why rising wages could push the Fed toward more rate hikes yet NAHB Eye on Housing Strong Equity Cushion Formed for U.S. Homeowners by 2019 Bloomberg U.S. Inflation Expectations Slide Amid Heightened Focus From Fed Calculated Risk Blog Mortgage Equity Withdrawal slightly positive in Q4 Calculated Risk Blog BLS: Unemployment Rates Higher in 3 states in January; Lower in 3 States NAHB Eye on Housing Permit Growth Stable in December Calculated Risk Blog Retail Sales increased 0.2% in January NAHB Eye on Housing New Single-Family Home Size Continues Decline Bloomberg Powell Says Fed Will Watch January Retail Sales Data for Rebound CNBC US Treasury yields move higher after Powell comments Bloomberg Bond-Market Inflation Skeptics See Little to Fear in Coming Data Reuters What stood out in the February U.S. jobs report

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