Today’s Mortgage Rates: Mortgage rates for May 23, 2019 are improved heading into the three day holiday weekend. The biggest question seems to be; why are mortgage rates not lower as the 10y yield drops to new lows? The simple answer is this: Mortgage rates are originated in the Mortgage Backed Securities market (not the Treasury market nor does the … Read more
Today’s Mortgage Rates: Mortgage rates for May 23, 2019 are stable and near recent lows as the trade war with China intensifies. We’re nearing a three day holiday weekend and we usually see the mortgage industry take a cautious approach when it comes to mortgage rates. Looking at next week there are several important economic reports coming out including the … Read more
Today’s Mortgage Rates: Mortgage rates for May 22, 2019 are starting off the day at similar levels to yesterday as the bond market hits the pause button on the selling that’s taken place over the last two days. Concerns over the trade war with China (which is one reason why bond markets and mortgage rates have improved this month) has … Read more
Today’s Mortgage Rates: Mortgage rates for May 21, 2019 are a bit higher today due to recent selling in the Mortgage Backed Securities market. The move higher is minimal and for the most part a fairly “normal” day-to-day adjustment the market sometimes makes. 30 year and 15 year fixed Conforming mortgage rates remain near their 2019 lows; FHA and non-conforming … Read more
Today’s Mortgage Rates: Mortgage rates for May 20, 2019 are starting off the week at great levels. Generally speaking; mortgage rates are near their 2019 lows due to a recent rally in bonds that started after news came out that the trade talks between China and the United States were at impasse. For most of April the President and his … Read more
Today’s Mortgage Rates: Mortgage rates for May 16, 2019 are finishing off the week near the lowest levels of 2019. With the improvements we’ve seen in the Mortgage Backed Securities (MBS) market Conforming fixed rates and FHA fixed rate mortgage continue to offer the most attractive terms to consumers. Mortgage Backed Securities and Treasury Snapshot: Mortgage Backed Security FNMA 4.0 … Read more
Today’s Mortgage Rates: Mortgage rates for May 15, 2019 are stable as we move towards the end of the week. The economic data this morning was a bit stronger than expected (more on this below) which might end up pushing mortgage rates higher before the weekend if selling in the bond market continues. Despite the pressures we’re seeing this morning … Read more