Mortgage rates didn't move much today , which keeps them right in line with last week's lowest levels. That sounds pretty good! Unfortunately, any time prior to last week, those "lowest levels" would have been the highest in more than 4 years. To make things simple , look at like this: rates didn't move more than an eighth of a percentage point (.125) for most of March and early April (lenders typically divide rate sheet offerings in 1/8th increments). Last week brought rates a quarter of a point (.25) higher at its worst, and now we've recovered about an eighth. In other words, we're right in between the March plateau and last week's highs. The rest of this week brings several important economic reports including Friday's big jobs report (The Employment Situation, aka "Nonfarm Payrolls").

April 30, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Mostly Sideways to Begin Busy Week Mortgage rates didn't move much today , which keeps them right in line with last week's lowest levels. That sounds pretty good! Unfortunately, any time prior to last week, those "lowest levels" would have been the highest in more than 4 years. To mak... (read more) MBS Commentary MBS Live Week Ahead: Big Economic Data and Big Decisions For Bonds This week brings several top tier economic reports as well as a Fed announcement.  Combine that with today's month-end trading process, it makes for a robust and evenly-distributed slate of potential market movement.  The caveat is tha... (read more) Housing News Pending Sales Post Slight Increase in March It wasn't much of a gain , even missing analysts' predictions, but given the recent performance of the Pending Home Sales Index (PHSI), any positive change is a relief. The National Association of Realtors® said the PHSI, which measures new contr... (read more) Rob Chrisman MI and Jumbo Products; FHA, VA, and Ginnie News; Rates Take a Breather Demographics will tell you that it makes more sense organizing populations by how they live – rather than where they live – is a much more precise way to talk about the world. People are human so we all tend to gravitate to those with sim... (read more) MBS Commentary MBS Live Recap: Bonds Add to Friendly Bounce Bonds managed to scratch out a 2nd day of "recovery" leading back from the highest yields in more than 4 years seen on Wednesday.  If you don't want to read more than 3 sentences, I can tell you that it looks like yield curve trading and techn... (read more) MBS Commentary MBS Live Recap: Bonds Avoid Commitment to Begin Busy Week April was a bummer of a month for the bond market.  Actually, it was decent through the 11th, but it got ugly quickly after that--especially during the past 2 weeks.  Contrast that to March, which was decidedly, albeit mildly positive. ... (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 -0.07 UMBS 6.0 100.51 -0.05 GNMA 5.5 99.49 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 11:02PM EST 10 Year US Treasury 4.4552 +0.0164 Price / Yield Change US Treasury 2 YR Treasury 4.352 +0.002 5 YR Treasury 4.338 +0.012 7 YR Treasury 4.399 +0.012 10 YR Treasury 4.456 +0.017 30 YR Treasury 4.608 +0.025 Pricing as of: 11/14 11:02PM EST Latest Video Tariff exemptions for U.S. allies set expire Tuesday Economic boom runs for 106th straight month How to use your home as a source of cash Around the Web consumerfinancemonitor.com CFPB announces May 10 and May 22 meetings of Consumer Advisory Board subcommittees CNBC The Fed is about to get more aggressive, and 'collateral damage' may ensue Fannie Mae Fannie Mae Announces Scheduled Release of First Quarter ... Calculated Risk Blog Dallas Fed: "Growth in Texas Manufacturing Rebounds Strongly" CNBC 10 most affordable places to live in the US Reuters U.S. treasury chief: 'Cautiously optimistic' on China trade talks CNBC US annual inflation measures jump as consumer spending rises Reuters Fed faces new challenge: A world without labor 'slack' Bloomberg Fed Not Ready to Declare Mission Accomplished on Inflation Market Watch Don't expect the Treasury to take advantage of a flat yield curve Bloomberg Bond Fraud Prosecutors Rest Case After Just Days of Testimony - Bloomberg Reuters Wall Street flat as earnings offset inflation jitters CNBC David Rosenberg on why interest rates could help snuff out the equity rally

© 2024  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.