Mortgage rates held steady today as political headlines helped to offset some initial weakness in bond markets. When bonds weaken, rates tend to move higher. That said, this morning's weakness was quite modest. The helpful headlines (regarding Robert Mueller's subpoena of members of the Trump Organization) had a similarly modest effect, thus leaving bonds and rates in relatively unchanged territory. That's perfectly acceptable in this case because it means rates are holding in line with their lowest levels since March 1st. The risk is that March 1st served as a floor for rates after they began falling from mid-February highs. It could be the case that rates will have a tough time moving any lower than today's levels without more meaningful motivation and that they're waiting to decide on such

March 15, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Hold Steady at Lowest Levels in March Mortgage rates held steady today as political headlines helped to offset some initial weakness in bond markets. When bonds weaken, rates tend to move higher. That said, this morning's weakness was quite modest. The helpful headlines (regarding Robert... (read more) Rob Chrisman Conventional Conforming Changes in the Primary Markets Rumors continue about companies going out of business, scaling back, or being sold. But let’s talk about progress in pushing forward transitional licensing, and that the Senate passed a bill that would exempt 85 percent of banks and credit unio... (read more) Housing News NAR: Debt Forgiveness Should be Permanent Part of Tax Code Prior to the housing crisis, homeowners who defaulted on their mortgages faced tax consequences if their lender had to write off or write down any part of the outstanding balance . That often happened after the collateral was sold after a foreclosure... (read more) Housing News Lot Shortages Dim Builder Confidence Home builder confidence ebbed slightly in March, but according to the National Association of Home Builders, it remains in "strong territory." NAHB's Housing Market Index (HMI), which is produced in cooperation with Wells Fargo, dipped to 70 in March... (read more) MBS Commentary MBS Live Day Ahead: 2 Ways to Look at Bonds "Best Rally" of 2018 You may have noticed that, as of February 22nd, bonds haven't been experiencing the same sort of pain that characterized the first month and a half of 2018.  We've been discussing the ensuing weeks as a sort of sideways consolidation, but could ... (read more) MBS Commentary MBS Live Recap: Not a Big Sell-Off, But Definitely Not a Big Rally Today is most easily discussed based on what it  wasn't. Today wasn't a big selling day.  That's nice to see-- especially in 2018, and especially with mid-day weakness challenging recent ceilings in 10yr yields just over 2.83%. ... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.02% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.02% +0.01 0.00 15 Yr. Fixed 6.37% 0.00 0.00 30 Yr. FHA 6.30% -0.02 0.00 30 Yr. Jumbo 7.20% 0.00 0.00 7/6 SOFR ARM 6.99% +0.04 0.00 30 Yr. VA 6.32% -0.02 0.00 Updates Daily - Last Update: 11/14 15 Yr. Fixed Rate 6.37% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.78% -0.01 0.00 15 Yr. Fixed 5.99% -0.01 0.00 Updates Weekly - Last Update: 11/14 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly - Last Update: 10/30 MBS / Treasuries UMBS 30YR 5.5 98.85 -0.07 Price / Yield Change MBS UMBS 5.5 98.85 -0.08 UMBS 6.0 100.51 -0.06 GNMA 5.5 99.48 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 11:47PM EST 10 Year US Treasury 4.4567 +0.0179 Price / Yield Change US Treasury 2 YR Treasury 4.350 0.000 5 YR Treasury 4.338 +0.012 7 YR Treasury 4.401 +0.014 10 YR Treasury 4.459 +0.020 30 YR Treasury 4.610 +0.027 Pricing as of: 11/14 11:47PM EST Latest Video KBW CEO: Big things are happening with Dodd-Frank since the crisis Here’s where all the closing Toys R Us stores are Hensarling: House won't pass Senate bank bill as it stands Around the Web consumerfinancemonitor.com CFPB seeks comment on adopted regulations CNBC Get ready to hear a lot more from Fed Chairman Jerome Powell than his predecessors Bloomberg Fed Takes a Back Seat for Traders Focused on Libor's Big Blowout Brookings Institution Loan originators no longer must have skin in the game' CNBC HUD Secretary Carson appoints new financial watchdog after controversy over $31,561 dining room set OCC OCC Reports Mortgage Performance Unchanged Calculated Risk Blog CoreLogic: "2.5 million Homes still in negative equity" at end of Q4 2017 CNBC Why 17 Democrats voted with Republicans to ease bank rules CNBC Homeowners gained an average of $15,000 in home equity last year or $908 billion in total CNBC Homeowners can take advantage of this tax loophole at their own risk Brookings Institution Hutchins Roundup: Labor market slack, undocumented households and Medicaid, and more Freddie Mac Mortgage Rates Drop for First Time in 2018 Fannie Mae Lenders' Profit Margin Outlook, Mortgage Demand

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