Mortgage rates stayed fairly close to yesterday's levels as underlying bond markets experienced some volatility throughout the course of the day. If mortgage lenders were forced to create rate sheets earlier in the morning, things would have looked very good at around 6am this morning. Financial markets were still reacting to yesterday's after-hours news of Gary Cohn's resignation. This resulted in stocks and bond yields moving lower. Markets were more willing to get back to business today, with stocks and bond yields ("rates") rising together at 9:30am. By the end of the day, both had returned in line with yesterday's latest levels. This not only leaves mortgage rates in roughly the same territory, but it also suggests the downtrend in stocks and rates that began in late Febraury is potentially

March 7, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Little-Changed Despite Market Volatility Mortgage rates stayed fairly close to yesterday's levels as underlying bond markets experienced some volatility throughout the course of the day. If mortgage lenders were forced to create rate sheets earlier in the morning, things would have looked v... (read more) Housing News Survey Sees End of Home Price Juggernaut Americans may be growing a bit pessimistic about housing, that came through loud and clear in the results of Fannie Mae's February edition of the National Housing Survey (NHS). Fannie Mae said its Home Purchase Sentiment Index (HPSI), which is a dist... (read more) Rob Chrisman Business Opportunities; FGMC Cuts Wholesale; RBS Settles With NY How about this note I received from the owner of a non-bank lender in the Northeast. “Rob, in your conversations with CEOs, is anyone talking about cutting LO comp levels? It seems that some of my LOs expect corporate to absorb all the margin c... (read more) Housing News Builders Weigh in at Tariff Talk Opposition to the recently announced tariffs on steel and aluminum imports is beginning to emerge from the construction industry. President Donald J. Trump announced last week that he would be imposing a 10 percent tariff on aluminum and 25 percent o... (read more) MBS Commentary MBS Live Day Ahead: Cohn Departure Creates Some Opportunity Early Today At the close of business yesterday, the bond market outlook was decidedly negative.  We're not talking about a colossal shift in sentiment, mind you, but rather a tipping of the scales back in a more cautious direction.  After all, we'd jus... (read more) MBS Commentary MBS Live Recap: Markets Willing and Able to Shrug Off Cohn Resignation The resignation of White House Economic Advisor Gary Cohn thew markets a curveball when it was announced after the close of business yesterday.  Currencies (which trade 24 hours a day) and Treasuries futures (which began trading shortly after ... (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 11:49PM 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 11:49PM EST Latest Video Fed: Modest to moderate growth in most regions ADP February payrolls up 235,000 Cohn's departure shakes up GOP agenda Around the Web consumerfinancemonitor.com CFPB seeks comment on rulemaking processes Calculated Risk Blog Fed's Beige Book: "Modest to moderate" expansion, "worker shortages across most sectors" Reuters Wall Street losses deepen as trade war fears mount CNBC Bank of America's two charts that show the bond bloodbath is coming to an end NY Times Trump Expected to Sign Steel and Aluminum Tariffs on Thursday Reuters U.S. Energy Secretary Rick Perry says unsure if Trump's views on tariffs are final Calculated Risk Blog Las Vegas Real Estate in February: Sales Down 4% YoY, Inventory down 31% NAHB Eye on Housing A Majority of Home Buyers Don't Expect Availability to Improve in 2018 CNBC 57% of LA home-buyers last year were willing to buy sight unseen Calculated Risk Blog Trade Deficit at $56.6 Billion in January Reuters Atlanta Fed's Bostic says Fed needs to take wait and see approach to possible tariffs Fannie Mae Housing Confidence Falls, Remains Volatile | Fannie Mae CNBC US fourth-quarter unit labor costs revised higher as productivity stalls

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