Mortgage Rates Move a Hair Lower to Start The New Week

Uneventful Summertime Monday Monday started slow and stayed slow throughout. MBS held well within the narrowed intraday trading range in nearly a month in addition to hitting the 3pm bell at exactly the same levels seen at 8am. There were no relevant economic reports or market movers. Treasury volumes were right in line with the lowest levels of any day in the past month. Econ Data / EventsLeading Indicators-0.6 vs -0.3 f'cast, -0.2 prev Market Movement Recap10:17 AM Stronger overnight the weaker at 9am with EU bond auctions. 10yr up half a bp at 3.885. MBS down 1 tick (.03). 01:16 PM Sideways near best levels. MBS up 1 tick (.03). 10yr down 2.2bps at 3.86

August 19, 2024 Download our Mobile App: Download our Mobile App: MBS Commentary Uneventful Summertime Monday Uneventful Summertime Monday Monday started slow and stayed slow throughout. MBS held well within the narrowed intraday trading range in nearly a month in addition to hitting the 3pm bell at exactly the... (read more) Mortgage Rate Watch Mortgage Rates Move a Hair Lower to Start The New Week After the intense volatility seen earlier in August, the average change for mortgage rates on any given day has been shrinking. Last week was a mere shadow of the former week which, in turn, was nowhere close to the week before that. If Monday is an... (read more) Rob Chrisman HELOC Data, Broker, Correspondent Processing Tools; Investor Disaster News A quick note for anyone coming to the California MBA’s Western Secondary via LAX and taking a ride share to the venue: grab the lime green shuttle bus and don’t even try to request a ride until you reach the pick-up area. At roughly 700, the attendan... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.53% -0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.53% -0.03 0.00 15 Yr. Fixed 6.13% -0.01 0.00 30 Yr. FHA 6.05% -0.05 0.00 30 Yr. Jumbo 6.72% -0.01 0.00 7/6 SOFR ARM 6.45% +0.07 0.00 30 Yr. VA 6.07% -0.05 0.00 Updates Daily - Last Update: 8/19 15 Yr. Fixed Rate 6.13% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.49% +0.02 0.00 15 Yr. Fixed 5.66% +0.03 0.00 Updates Weekly - Last Update: 8/15 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.54% -0.01 0.57 15 Yr. Fixed 5.96% -0.07 0.65 30 Yr. Jumbo 6.78% +0.01 0.37 Updates Weekly - Last Update: 8/14 MBS / Treasuries UMBS 30YR 5.5 100.58 -0.05 Price / Yield Change MBS UMBS 5.5 100.58 -0.05 UMBS 6.0 101.72 -0.02 GNMA 5.5 100.58 +0.04 GNMA 6.0 101.29 +0.06 Pricing as of: 8/19 5:31PM EST 10 Year US Treasury 3.8754 -0.0057 Price / Yield Change US Treasury 2 YR Treasury 4.072 +0.021 5 YR Treasury 3.762 +0.005 7 YR Treasury 3.794 -0.001 10 YR Treasury 3.875 -0.006 30 YR Treasury 4.126 -0.014 Pricing as of: 8/19 5:31PM EST Latest Video Rate cuts may have stronger impact than market is pricing in, says BMO's Yu... Expect Fed Chair Powell to be in the mode of lowering rates, says Stanford'... Fed needs to adjust narrative away from inflation, says Morgan Stanley's Br... Lower rates are always better for housing in general, says UBS's John Loval... Around the Web Marketwatch U.S. leading indicators index falls in July, but is not signaling recession CNBC Fed survey shows lows in employment, worries about finding work and dissatisfaction with pay Calculated Risk Blog Lawler: Early Read on Existing Home Sales in July and 3rd Look at Local Housing Markets Calculated Risk Blog Housing August 19th Weekly Update: Inventory up 0.8% Week-over-week, Up 40.4% Year-over-year CNBC This common credit score myth could hurt your score, says FICO expert CNBC Treasury yields dip early Monday ahead of Fed minutes and Jackson Hole CNBC Oil prices fall for fourth session in five as U.S. pushes for Gaza cease-fire Eye on Housing Best Quarter for Custom Home Building in Almost Two Years The Basis Point CHART: Late Mortgage Payments Track Almost Exactly To Unemployment Rate Marketwatch New-home construction plunges to lowest level since May 2020 Eye on Housing Townhouse Construction Gains Continue Calculated Risk Blog Housing Starts Decreased to 1.238 million Annual Rate in July Calculated Risk Blog Early Q3 GDP Tracking: Low-to-Mid 2%

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