Mortgage rates moved higher on average today, although a few lenders were better characterized as "unchanged." In either case, if you're shopping for a loan, you probably won't see a different rate at the top of today's quote when compared to yesterday. Change would only be measured in the form of slightly higher upfront costs (or lower lender credit, depending on the scenario). In terms of the underlying financial markets that drive rates, the first two days of this week have been fairly calm and uneventful. The globally interconnected nature of financial markets deserves part of the blame for that as holidays have kept traders at home in Asia yesterday and Europe today. The level of activity and potential volatility should increase tomorrow. Not only will overseas markets be back in action

May 1, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Sideways to Slightly Higher Mortgage rates moved higher on average today, although a few lenders were better characterized as "unchanged." In either case, if you're shopping for a loan, you probably won't see a different rate at the top of today's quote when compared to yesterd... (read more) Housing News Mnuchin - Focused on "Fixing" Fannie and Freddie Treasury Secretary Steven Mnuchin told Fox Business News on Monday, that changing the current status of Freddie Mac and Fannie Mae is something that he is "very focused on." In an interview with commentator Maria Bartiromo, the Secretary said he doub... (read more) Housing News Residential Building Drags Down Construction Numbers The construction spending report for March was a bit of a jolt , especially given the reason for the unexpected decline . Some significant softness in private residential spending drove the Census Bureau's estimated overall spending for the month dow... (read more) Rob Chrisman Broker and Recruiting Products; Mergers and Acquisitions Continue May Day – how are we 1/3 of the way through 2018 already?! Folks are gearing up for this month’s MBA National Secondary conference in Manhattan. (Jungle drums say the MBA is down to 4 candidates for the president’s job, by the way.)... (read more) MBS Commentary MBS Live Day Ahead: Bouncing at This Pivot Point is Still a Risk 2.95% was the closing high for 10yr yields back in late February.  While we saw 10s move as low as 2.935 yesterday, that seemed to be a product of month-end bond buying.  The month-end momentum tends to run its course by the 3pm CME close, ... (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 11:05PM 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 +0.011 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 11:05PM EST Latest Video CNBC survey forecasts 3.34% for Fed's terminal rate CNBC survey: 81% say current expansion to surpass record Fed survey shows economists, strategists turning cautious on stocks Around the Web Calculated Risk Blog Q1 2018 GDP Details on Residential and Commercial Real Estate NAHB Eye on Housing Private Residential Spending Tumbles in March Bloomberg The Cost of Buying a Home Near the Train Is Shrinking NAR - Realtor.com How Bad Is the Labor Shortage? Cities Will Pay You to Move There CNBC Investors continue buying bonds as 'the most hated bull market' in stocks is still a thing CNBC 2-year yield hits highest level since September 2008 as Fed meeting begins PR Newswire First-Time Homebuyers Savings Account Program Could Have Economic Impact Up To $68.8 Million In Pennsylvania Reuters U.S. factory activity slows; construction spending tumbles Calculated Risk Blog ISM Manufacturing index decreased to 57.3 in April CNBC 30% of homeowners make a mistake that could cost them thousands CNBC Small business workers saw their wages grow at the strongest rate in 2 years: Survey Bloomberg Forget 3%. That Amazing Bull Run in Treasuries Ended Years Ago Reuters Dollar goes positive for year before Fed meeting

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