Let's clear one thing up before we begin. Freddie Mac, MBA, and Ellie Mae all noted new 4-year highs in mortgage rates this week. They are all technically wrong. This has to do with the way their data is collected and/or averaged. And while I have no doubt that they are accurately conveying the results of their data collection efforts according to their methodology, there is a more accurate way to do things. Specifically, we can track actual lenders' rate sheets every day. Even if we take an average of that daily data, we still find that rates aren't quite back to 4-year highs just yet. Depending on the lender, these occurred on one of the days near the end of February. In fact, some lenders' rates from March 21st are still higher than today's. Are we talking about very big differences between

April 20, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Quickly Approaching 4-Year Highs Let's clear one thing up before we begin. Freddie Mac, MBA, and Ellie Mae all noted new 4-year highs in mortgage rates this week. They are all technically wrong. This has to do with the way their data is collected and/or averaged. And while I have no... (read more) Housing News Wells Fargo to Face Largest Fine Yet Once again Wells Fargo is about to pay dearly for its inability to walk the straight and narrow. The Washington Post , under the byline of Renae Merle, is reporting that the bank is about to be hit with the largest penalty of the Trump administration... (read more) MBS Commentary MBS Live Day Ahead: If Rates Keep Moving Higher, It Could Still Be a Head Fake Rates are in the midst of a serious, threatening move higher.  Yesterday brought additional confirmation of the end of the friendly Springtime consolidation trend and it took us one step closer to the highest yields in more than 4 years. ... (read more) Rob Chrisman MBA's Compliance Accreditation; Freddie and Fannie Changes Continue Did you know that Wells Fargo gives more assistance and aid to people and communities through its Foundation than any other company in the United States. For example, “the Wells Fargo NeighborhoodLIFT program looks to the future by delivering d... (read more) Mortgage Rate Watch Mortgage Rates Jump to Highest Levels in About a Month Mortgage rates jumped higher today as bonds continued a move away from narrow Springtime range seen in March and early April. Bonds dictate rate movement and yesterday saw the bond market make its first convincing attempt to break what had been a fri... (read more) MBS Commentary MBS Live Recap: Bonds Add Exclamation Point to Yesterday's Breakout The break outside what we'll call the "Springtime Consolidation" for bonds started taking shape as early as last week.  On Thursday and Friday, yields hugged the upper boundaries of that trend, simultaneously shying away from the sort of posit... (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 98.82 -0.11 Price / Yield Change MBS UMBS 5.5 98.83 -0.09 UMBS 6.0 100.49 -0.07 GNMA 5.5 99.46 -0.10 GNMA 6.0 100.63 -0.08 Pricing as of: 11/14 10:24PM EST 10 Year US Treasury 4.4626 +0.0238 Price / Yield Change US Treasury 2 YR Treasury 4.357 +0.007 5 YR Treasury 4.342 +0.016 7 YR Treasury 4.405 +0.018 10 YR Treasury 4.461 +0.022 30 YR Treasury 4.612 +0.029 Pricing as of: 11/14 10:24PM EST Latest Video Rising interest rates may slow down home buyers Neel Kashkari: Flattening yield curve shows a ‘sign of caution’ Fundstrat’s Tom Lee on recession odds and what’s moving markets Around the Web Reuters U.S. banks push mortgage apps as home lending slows CNBC Fed's Kashkari: Bond market is 'yellow light flashing' about a possible recession Reuters Flat yield curve? Not to worry, Fed policymakers say CNBC Fed governor Brainard: Rising trade tensions are a 'material uncertainty' to the economic outlook NPR A Debt Crisis Seems To Have Come Out Of Nowhere Calculated Risk Blog Four Q1 GDP Forecasts: Around 2% CNBC What consumers need to know about the Wells Fargo settlement CNBC Likely New York Fed president says bitcoin 'doesn't pass the basic test' for a currency CNBC 'Gradual' pace of rate hikes likely to hold for years, Fed's Williams says Calculated Risk Blog Existing Home Sales: Lawler vs. the Consensus NAHB Eye on Housing Apartment Absorption Steady While Condominium Absorption Climbs Calculated Risk Blog BLS: Unemployment Rates Lower in 4 states in March; Kentucky and Maine at New Series Lows CNBC Mortgage rates hit their highest point since last month in a 'threatening' move

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