Mortgage News Daily:
Mortgage Rates Lower so Far This Week, But Well Above Thursday"s Lows
8/9/2022 4:03 PM
Mortgage rates had a bad day last Friday, rising at a very fast pace and ultimately making it almost all the way back to the previous week"s highs.  The new week started on a stronger note with rates recovering some of the lost ground yesterday and generally holding onto that improvement today. The ground-holding is impressive given the fact ...Read More
Tuesday Was Tame, But Wednesday Probably Won"t Be
8/9/2022 3:24 PM
Tuesday Was Tame, But Wednesday Probably Won"t Be Tuesday"s trading session was boring, with rates hitting domestic hours at slightly higher levels and then holding almost perfectly flat for the duration.  This morning"s commentary discussed the possibility that Wednesday"s CPI data could end up lookin...Read More
Auction Concessions and Pre-CPI Positioning
8/9/2022 10:16 AM
Last week offered up decent bookends for a narrow, short-term range.  A series of downbeat economic reports set the low yields last Monday.  Then Fed speakers and strong data pushed back in the other direction.  The breadth of the range was finally realized on Friday after the jobs report.  Since then, not only would it be withi...Read More
Verification, Non-QM, Subservicer, Franchise, Appraisal Products; Rates Tread Water
8/9/2022 9:46 AM
Singer/actress Olivia Newton John AND author David McCullough, both dying to start the week? (I just finished “Mornings on Horseback.”) After I die, I want my remains to be spread over Disneyland in Southern California. But I don’t want to be cremated. (Think about it.) Brokers know that also involving Southern California is today’s loanDepot earni...Read More
Bonds Remain Resilient Despite Supply-Related Headwinds
8/8/2022 3:13 PM
Bonds Remain Resilient Despite Supply-Related Headwinds Supply and Demand 101 tells us that higher supply means lower prices, all other things being equal.  The same is true for the bond market.  Supply is fairly predictable at times, but some sectors wax and wane more than others.  The corpo...Read More
Record Drop in Price Growth - Mortgage Monitor
8/8/2022 2:45 PM
It will be a few weeks before we get the next installment of the bellwether home price indices (Case Shiller and FHFA), but today"s Mortgage Monitor from Black Knight has an earlier look at June"s results.   Much like FHFA and Case Shiller, Black Knight"s data for May had shown year-over-year appreciation that still looked reluctant to m...Read More
Internal Audit, Marketing, Realtor-Facing, Fulfillment Products; Events and Training; Jobs and the Fed
8/8/2022 9:21 AM
How much would you pay for a company responsible for a funny video? How ‘bout $1.7 billion bones? Amazon, catching the eye of the FTC, has made an offer to acquire Roomba maker iRobot for $1.7bn. (Speaking of household goods, I occasionally am asked by LOs or employers about closing or referral gifts that are memorable or unique, unlike a bottle of...Read More
Sideways to Slightly Stronger as Bonds Prepare to Defend The Range
8/8/2022 8:41 AM
Although Friday"s post-payrolls sell-off was unpleasant for the bond market in the context of a single trading day, it was arguably a resilient showing considering the strength of the data and the shift in Fed rate hike expectations earlier in the week. After all, Fed Funds Futures for mid-2023 added almost 50bps from Tuesday morning before Daly"s ...Read More
Rates End Near Last Week"s Highs After Data Swings For Fences
8/5/2022 5:55 PM
The big monthly jobs report from the Labor Department (officially "The Employment Situation) is one of the most reliable sources of volatility for interest rates.  While this was much easier to observe before the pandemic, key economic reports have been getting more and more attention as the market looks for evidence that inflation and tighter...Read More
Strong Data Redefining The Rate Outlook
8/5/2022 2:57 PM
Strong Data Redefining The Rate Outlook Between Wednesday"s ISM Services data and Friday"s jobs report, the market was faced with two compelling "yeah buts" to what has generally been a symphony of economic bearishness over the past few weeks.  Whereas inflation reports in June and July ultimately didn...Read More

Today's Rates

Mtg Loan Rate APR
30-yr Fixed 5.3% 5.36%
15-yr Fixed 4.58% 4.7%
1-yr Adj 4.29% 4.32%
* national averages
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