Mortgage rates held on to their recent improvements today after the important Employment Situation (the big "jobs report") showed November job creation was lower than expected. In general, weaker job creation is good for interest rates because it speaks to slower economic growth and inflation (both of which are enemies of rates). This report was particularly important because a strong result would have cast doubt on several speeches from members of the Federal Reserve. Those speeches have warned about slower economic growth in 2019 and the potential for fewer rate hikes than previously anticipated. There were no clear winners or losers at first--probably because job creation is still historically solid. Additionally, the unemployment rate remained ultra low, and wage growth remained above 3

December 7, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Lowest Since September After Jobs Report Mortgage rates held on to their recent improvements today after the important Employment Situation (the big "jobs report") showed November job creation was lower than expected. In general, weaker job creation is good for interest rates because it spe... (read more) Housing News New Fannie/Freddie Requirements May Penalize High-Risk Borrowers Three researchers from the Urban Institute (UI) recently analyzed the new capital standards rule proposed by the Federal Housing Finance Agency (FHFA) for Fannie Mae and Freddie Mac (the GSEs.) The proposed rule includes two alternative leverage rati... (read more) MBS Commentary MBS Live Day Ahead: So Much of The Recent Volatility Has Been Building Toward Today Powell's speech last week at the Economic Club of New York marked the beginning of an official shift.  Until then, while the Fed had its dovish dissenters, the consensus was "steady as she goes" with respect to regular rate hikes in the coming q... (read more) Rob Chrisman Warehouse Products; Vendor/Service Provider Directory; Yield Curve Primer The year has sped along, and here we are at Pearl Harbor Day already. Although mortgage rates have lagged, what has pushed Treasury rates down? Released earlier this week, the Federal Reserve's latest report on economic conditions, known as the Beige... (read more) Housing News Uptick in Home Purchase Sentiment Reflects Increased Confidence Fannie Mae's Home Purchase Sentiment Index (HPSI) for November rose slightly, but within the 0.5-point increase was some increased confidence about personal finances and the wisdom of buying a home. The index, which consolidates responses from a subs... (read more) MBS Commentary MBS Live Recap: Bonds Think it Over After NFP, Then Finally Decide to Rally This morning's trading--both before and after NFP came out--basically acted as additional time for debate .  Both MBS and Treasuries bounced quickly, but symmetrically around yesterday's closing levels before finally choosing a direction. ... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.02% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.02% +0.01 0.00 15 Yr. Fixed 6.37% 0.00 0.00 30 Yr. FHA 6.30% -0.02 0.00 30 Yr. Jumbo 7.20% 0.00 0.00 7/6 SOFR ARM 6.99% +0.04 0.00 30 Yr. VA 6.32% -0.02 0.00 Updates Daily - Last Update: 11/14 15 Yr. Fixed Rate 6.37% +0.00% 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 6.0 100.52 -0.04 GNMA 5.5 99.49 -0.07 GNMA 6.0 100.65 -0.06 Pricing as of: 11/15 12:41AM EST 10 Year US Treasury 4.4577 +0.0189 Price / Yield Change US Treasury 2 YR Treasury 4.346 -0.005 5 YR Treasury 4.336 +0.010 7 YR Treasury 4.398 +0.011 10 YR Treasury 4.456 +0.017 30 YR Treasury 4.609 +0.026 Pricing as of: 11/15 12:41AM EST Latest Video We should have been more aggressive on raising rates in the past, says form... Jobs numbers show economy slowing to a more gentle growth, says economist Consumer sentiment holds steady for December Around the Web Calculated Risk Blog Lawler: Some Early Realtor/MLS Based Reports on Home Sales and Active Listings for November Bloomberg ECB Not Announcing End of QE an 'Impossibility,' BofA's Preusser Says CNBC Bullard suggests delaying December rate hike, first Fed member to publicly do so Calculated Risk Blog Seattle Real Estate in November: Sales Down 20% YoY, Inventory up 135% YoY consumerfinancemonitor.com Another Temporary Extension of the Flood Insurance Program CNBC Barbara Corcoran says the No. 1 mistake home-buyers make is one she made too Calculated Risk Blog Comments on November Employment Report CNBC Markets see easier Fed after November hiring slowdown Reuters U.S. job growth cools in November, monthly wage gains modest CNBC 10 once-affordable housing markets where residents could soon be priced out Bloomberg Dovish Fed Hike Seen by JPMorgan as Markets Flash Slowdown' Reuters U.S. employment report seen calming fears over economy Calculated Risk Blog Las Vegas Real Estate in November: Sales Down 12% YoY, Inventory up 63% YoY

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