Mortgage rates fell modestly today, and thus managed to avoid heading any closer to the 7-year highs just overhead. Underlying bond markets benefited from concerns about Italy's stance on the Euro currency based on one Italian official's comments. Those were later characterized as "just one man's opinion," thus not having a big, lasting impact on rates. To understand what's going on here, first consider that interest rates are based on supply and demand in the bond market. The more that investors want to buy bonds, the lower rates go. When something threatens the stability of some major world economy (like the European Union could be somewhat threatened by Italy moving back to its own currency), investors tend to buy more bonds of safer haven countries. Ultimately, the European news wasn't

October 2, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Improve Slightly Mortgage rates fell modestly today, and thus managed to avoid heading any closer to the 7-year highs just overhead. Underlying bond markets benefited from concerns about Italy's stance on the Euro currency based on one Italian official's comments. Th... (read more) Housing News Upfront Home Costs Add Up - Especially if Downpayment is Included Two Zillow subsidiaries are estimating it will cost the average U.S. homebuyer $40,000 to get in the door of their new home. Depending on where the home is located, according to a new analysis from RealEstate.com and Thumbtack, the number could be $2... (read more) Rob Chrisman DPA, Recruiting Products; FHA 203(h), Digital Marketing, and Mortgage Pricing Events “Stay away from negative people. They have a problem for every solution.” There are plenty of folks out there reminding lenders of the seasonality of residential lending. But in places like Phoenix lenders look forward to winter since it&... (read more) Housing News Home Price Gains at Two-Year Lows The take-away from CoreLogic's report on its August Home Price Index is that home price appreciation during the month was the slowest in two years . The national index was up 0.1 percent compared to July while the year-over-year gain, while also indi... (read more) MBS Commentary MBS Live Recap: Bonds Mostly Interested in Italy Despite Other Options Bonds had a couple options to choose from today when it came to potential market movers.  As far as known quantities, we knew there would be a speech from Fed Chair Powell (maybe he would clarify last week's inflation comments?) and also a big... (read more) MBS Commentary MBS Live Day Ahead: Have You Heard The One About The Range? So there's this sideways trading range, and we're waiting for bonds to break out.  The end... Seriously though!  It's really that simple .  We'd been in a range of 3.06-3.09, for the most part, in the last week and a half of Septem... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.05% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.05% +0.03 0.00 15 Yr. Fixed 6.43% +0.06 0.00 30 Yr. FHA 6.39% +0.09 0.00 30 Yr. Jumbo 7.24% +0.04 0.00 7/6 SOFR ARM 7.11% +0.12 0.00 30 Yr. VA 6.39% +0.07 0.00 Updates Daily - Last Update: 11/15 15 Yr. Fixed Rate 6.43% +0.06% 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 98.86 -0.07 Price / Yield Change MBS UMBS 5.5 98.86 -0.07 UMBS 6.0 100.54 -0.02 GNMA 5.5 99.46 -0.10 GNMA 6.0 100.75 +0.04 Pricing as of: 11/15 4:48PM EST 10 Year US Treasury 4.4345 -0.0043 Price / Yield Change US Treasury 2 YR Treasury 4.301 -0.049 5 YR Treasury 4.303 -0.023 7 YR Treasury 4.371 -0.016 10 YR Treasury 4.435 -0.004 30 YR Treasury 4.609 +0.026 Pricing as of: 11/15 4:48PM EST Latest Video Mortgage fraud putting lenders in a tough spot NYC real estate continues to fall Federal Reserve Chair Powell says the US economy is looking good Around the Web Reuters Tariffs could lift U.S. prices but no sign yet: Fed's Powell The Basis Point SoFi & Kukun to take on Marcus & HouseCanary In Home Improvement Loans Reuters Euro weakens to six-week low as Italian concerns weigh Reuters Powell: U.S. outlook 'remarkably positive' with low unemployment, tame inflation Reuters Fed regulator says midsize bank relief 'highest priority' Brookings Institution 5 things to know about USMCA, the new NAFTA CNBC US-Mexico-Canada agreement shows a deal with China is 'possible,' OECD secretary general says CNBC Regulatory relief for some bigger banks could be on the way, senior Fed official says NAHB Eye on Housing 5,000+ Square Foot Homes Essentially Unchanged in 2017 CNBC US Treasury yields slip ahead of major Fed remarks Bloomberg Manhattan Home Sales Tumble in a Market Clogged With Listings corporate.phh.com PHH Corporation Announces Closing Date for Proposed Merger with Ocwen Financial Corporation CNBC Oil surges above $75 to the highest level since November 2014

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