Mortgage rates were flat for the 3rd straight day today, keeping them in a holding pattern just slightly below the highest levels in years. This has been the case for more than a month now, with the exception a brief glimmer of hope at the end of May. The late May improvement was driven by political risks in Europe (Italian government drama threatening to put the country on a path toward exiting the Eurozone). Such flare-ups are among the economically negative/risky events required if we're to see any sustainable improvement in rates. The most recent source of inspiration (or at least, a source of resilience) for rates is the threat of a full-blown trade war and the probable bear market in stocks that goes with it. Yesterday, we talked about the conventional wisdom not being quite right when

June 26, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Stuck in a Summertime Rut (For Now) Mortgage rates were flat for the 3rd straight day today, keeping them in a holding pattern just slightly below the highest levels in years. This has been the case for more than a month now, with the exception a brief glimmer of hope at the end of May... (read more) Housing News Case-Shiller: Higher Home Prices and a Reality Check The producers of the S&P CoreLogic Case-Shiller home price indices injected a dose of reality into their report for April. David M. Blitzer Managing Director and Chairman of the company's Index Committee sprinkled his analysis of yet another mont... (read more) Rob Chrisman Secondary and Marketing Products; Capital Raise; FHA, VA, HUD, USDA, Ginnie News The interest rate environment is like the weather: we all talk about it, but no one can do anything about it. Lenders have certainly noticed that since Christmas the 2-year Treasury note yield has increased about .5% while the 10-year Treasury note y... (read more) MBS Commentary MBS Live Day Ahead: Room For Strength; Room For Weakness Technical analysis is an important ingredient in most market-watching recipes--at least when it comes to those who are compelled to watch markets most every day and who may be compelled to take action based on intraday market movement.  Here's ... (read more) Mortgage Rate Watch Mortgage Rates Relatively Unchanged Despite Stock Losses Conventional wisdom holds that interest rates tend to move in the same direction as stocks. This makes logical sense from a classical investment portfolio standpoint. If investors are selling stocks to buy bonds, the prices of stocks would fall and t... (read more) MBS Commentary MBS Live Recap: Big Stock Swoon and Bonds Barely Budge So much for the stock lever!  Though, to be fair to conventional wisdom , falling stock prices definitely did help bond yields move lower this morning.  In fact, it was the day's defining moment (heavy selling stocks at the 9:30am NYSE ope... (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 98.98 +0.05 Price / Yield Change MBS UMBS 5.5 98.97 +0.04 UMBS 6.0 100.63 +0.07 GNMA 5.5 99.60 +0.04 GNMA 6.0 100.74 +0.03 Pricing as of: 11/15 7:47AM EST 10 Year US Treasury 4.4365 -0.0023 Price / Yield Change US Treasury 2 YR Treasury 4.318 -0.032 5 YR Treasury 4.310 -0.016 7 YR Treasury 4.377 -0.010 10 YR Treasury 4.438 0.000 30 YR Treasury 4.603 +0.020 Pricing as of: 11/15 7:47AM EST Latest Video Survey: 44% say 4-year degree not worth the cost The Afternoon Rundown: June 26, 2018 Consumer confidence index at 126.4 in June Around the Web Freddie Mac Freddie Mac Issues Monthly Volume Summary for May 2018 NPR Tell Us: Are You Having Trouble Finding A Home To Buy? Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in April CNBC This map shows where Americans have the highest, and lowest, credit scores Reuters U.S. consumer confidence slips, house price gains slow CNBC Oil prices surge after State Dept orders crude buyers to cut Iranian imports to zero Federal Reserve Federal Reserve Board issues enforcement actions with former employee of East Cambridge Savings Bank and former employee of SmartBank CNBC Remodeling your home? Here's why it will cost you more CNBC Consumer confidence hits 126.4 in June, vs. expectations for 128.1 CNBC Auto dealers are selling fewer new cars. Here's why the industry isn't nervous Bloomberg Navarro Intervention, BOE Tightening, Cost of Living: Eco Day CNBC Europe prepares provisional measures to safeguard its metal industry against Trump's tariffs blog.stewart.com New Single Family Home Sales Jump 14.1 Percent Vs A Year Ago in May 2018, Median Price Down 3.3 Percent to $313,000

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