Mortgage rates managed to remain unchanged today despite the fact that underlying bond markets were stronger. Stronger bond markets are typically associated with lower rates, but in today's case, markets had some catching up to do. At issue is the timing of yesterday's weakness. Bond markets had lost ground throughout the day (something that can sometimes result in lenders changing rates in the middle of the day). A few lenders indeed pulled the trigger on such "mid-day price changes," but the average lender did not. Simply put, that left the average lender with a little bit of weakness to price into today's rates. The moderate amount of improvement in underlying bond markets was just enough to offset that implied weakness, thus leaving the average lender unchanged. The stakes remain high as

September 12, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Unchanged Despite Market Movement Mortgage rates managed to remain unchanged today despite the fact that underlying bond markets were stronger. Stronger bond markets are typically associated with lower rates, but in today's case, markets had some catching up to do. At issue is the ti... (read more) Housing News Most Credit Scores Rose After Reporting Changes; Some Fell In the last half of 2017 the three credit bureaus, Equifax, TransUnion, and Experian, agreed to change the way they handle collection accounts. These accounts represent a wide variety of debt - unpaid gym memberships, unpaid traffic tickets, delinque... (read more) MBS Commentary MBS Live Recap: Bonds Consolidate Despite Weak Data and Strong Auction Today brought two events that should theoretically have helped bonds: a much weaker producer level inflation reading (2.4 vs 2.7 forecast for core PPI) this morning, and a fairly strong 10yr Treasury auction in the afternoon.  But neith... (read more) Rob Chrisman Non-QM and Marketing Products; eSummons Training; Disaster Plans and Reactions We’re always reminded that nature bats last. Every lender that I know of bases their disaster policies directly from FEMA’s declarations or from other companies that base their policies from FEMA. Lenders are reacting – see below. (... (read more) Housing News Mortgage Apps: Purchases Up, Refis Retreat During Holiday Hampered Week Mortgage applications for home purchases managed to move higher for the second straight time last week in spite of the usual lag in activity that accompanies a holiday shortened work week. The Mortgage Bankers Association said its Market Composite In... (read more) MBS Commentary MBS Live Recap: Bond Market Preparing For The Worst With no intent of drawing any parallels to Hurricane Florence, bond markets are battening down their hatches in advance of a perfect storm of data and events.  These include economic reports in the coming days (PPI, CPI, Retail Sales), a healthy... (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 98.84 -0.09 Price / Yield Change MBS UMBS 5.5 98.84 -0.09 UMBS 6.0 100.49 -0.07 GNMA 5.5 99.47 -0.10 GNMA 6.0 100.64 -0.07 Pricing as of: 11/14 10:37PM EST 10 Year US Treasury 4.4606 +0.0218 Price / Yield Change US Treasury 2 YR Treasury 4.354 +0.004 5 YR Treasury 4.342 +0.016 7 YR Treasury 4.406 +0.019 10 YR Treasury 4.463 +0.024 30 YR Treasury 4.614 +0.031 Pricing as of: 11/14 10:37PM EST Latest Video US proposes a new round of China trade talks, US household incomes rise Federal Reserve could hike rates above neutral, Fed governor says Bernanke, Geithner, Paulson reflect on the moment the financial crisis hit Around the Web NAR - Realtor.com American Dream Wasn't Always About Housing, Former Treasury Secretary Hank Paulson Says CNBC Dow stock Home Depot and Lowe's are surging, and some see new highs ahead Calculated Risk Blog Fed's Beige Book: Economic Growth "moderate", "Softer Home Sales" Calculated Risk Blog Houston Real Estate in August: YoY Sales Distorted by Hurricane Harvey CNBC Fed's Brainerd backs gradual rate hikes but warns of 'imbalances' that could trigger faster action CNBC Bernanke, Paulson and Geithner say they bailed out Wall Street to help Main Street CNBC Fed's Bullard says labor market has 'some room to run' Bloomberg US Household Incomes Rose 1.8% in 2017; Disparities Persisted Calculated Risk Blog "Income, Poverty and Health Insurance Coverage in the United States: 2017" Bloomberg Dalio Says US Two Years From Downturn CNBC The biggest red flag for the next recession? Corporate debt-to-cash ratios, top economist says Calculated Risk Blog Regulatory Capture CNBC What homeowners bracing for Hurricane Florence can do now to prepare for insurance claims

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