Today’s Mortgage Rates: Mortgage rates are stable as Conforming, FHA and Jumbo fixed mortgage rates remain near recent lows. Yesterday’s announcement that a budget deal has been reached had no impact on bonds and mortgage rates despite the fact that the deal increased spending by nearly $400 billion. The budget deal was reached between the President and leaders of Congress. … Read more
Today’s Mortgage Rates: Mortgage rates for July 22, 2019 remain near 2019 lows as the bond market continues to trade within the recent range. There are no major economic reports set to be released today however later in the week we have the Durable Goods and Q2 GDP reports. Conforming, FHA and Jumbo fixed mortgage rates, for both refinance and … Read more
Today’s Mortgage Rates: Mortgage rates are finishing the week at great levels despite stronger than expected data (Retail Sales and Philly Fed Index). Yesterday afternoon Fed President Williams had some very bond friendly comments that helped push bond yields lower. Looking forward to next week; if the market can build from this momentum we should see some improved mortgage rates … Read more
Today’s Mortgage Rates: Conforming, FHA and Jumbo mortgage rates are at risk of moving higher after stronger than expected economic data this morning (more this below). Positive economic data is a negative for mortgage rates and negative economic data is a positive for mortgage rates (generally speaking). Mortgage Backed Securities and Treasury Snapshot: Mortgage Backed Security FNMA 3.5 started the … Read more
Today’s Mortgage Rates: Mortgage rates for July 17th, 2019 are stable however the risks for moving higher remain. Conforming, FHA and Jumbo fixed mortgage rates (refinance and purchase transactions) are low and mortgage application volume continues to be strong (more on this below). As we move towards August it’s important to remember that if current mortgage rates “make sense” for … Read more
Today’s Mortgage Rates: Mortgage rates for July 16, 2019 are under pressure as a stronger than expected Retail Sales report pushed bond yields higher (more on this below). The good news for bonds and mortgage rates is that they remain within the recent range (for now) and that should help mortgage rates stay low moving forward. From an industry perspective; … Read more
Today’s Mortgage Rates: Mortgage rats for July 15, 2019 remain near 2019 lows as we move into mid-July. Conforming, FHA and Jumbo fixed mortgage rates are attractive for both purchase and refinance transactions. There are some important economic reports later in the week (more on this below). And later this month is another Fed meeting and investors are trying to … Read more