Mortgage rates rose gently today. Most mortgage borrowers (and many mortgage professionals, for that matter) wouldn't be aware of slightly more alarming risks lurking underneath the surface. Those risks involve the broader bond market from which mortgage-related bonds take their directional cues. More simply put, if US Treasuries are improving, mortgage-backed bonds tend to improve as well. The level of correlation varies though. For nearly all of 2018, mortgages weren't improving as quickly as the most widely-used rate benchmark: 10yr Treasury yields. That began to change recently--especially when 10yr yields began moving higher 3 weeks ago. During that time, we've seen moderate moves higher in 10yr yields met with modest moves higher in mortgage rates. Today was another one of those days

January 18, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Nominally Higher Despite Bond Market Warning Mortgage rates rose gently today. Most mortgage borrowers (and many mortgage professionals, for that matter) wouldn't be aware of slightly more alarming risks lurking underneath the surface. Those risks involve the broader bond market from which mort... (read more) MBS Commentary MBS Live Recap: One of Three Things is Going on With Bonds Bond markets sold-off today in a slightly more alarming way than we've seen so far in 2019.  This was accompanied by 11th straight trading session where stocks closed higher than they opened, as well as the best S&P prices in more tha... (read more) Housing News Has RESPA's Servicer Rule Reduced Foreclosures? In accordance with requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Bureau (CFPB) recently conducted five-year assessments of two rules it promulgated under the act. We summarized their ... (read more) Rob Chrisman Condo, Sales, and Business Intelligence Products; Freddie and Fannie Program Changes For the first time in history, the six biggest banks — JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley — made $100 billion in profit in a year. Yowzah! There’s a lot going on out there, and ... (read more) MBS Commentary MBS Live Day Ahead: Bonds Break One Ceiling, But The Next One is More Important Ever since bottoming out in early 2019, 10yr Treasury yields faced a pretty clear line in the sand from a technical standpoint.  2.82% stuck out like a sore thumb overhead due to multiple instances where it acted as a floor in 2018.  It may... (read more) Housing News New Home Sales Pull Back Amid Global Uncertainty Applications for new home purchases dropped in December , falling 6.8 percent behind those a year earlier. The deficit from November was even larger, a decline of 13 percent. The Mortgage Bankers Association (MBA) estimates that those numbers, which ... (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 98.85 -0.07 Price / Yield Change MBS UMBS 5.5 98.85 -0.08 UMBS 6.0 100.51 -0.06 GNMA 5.5 99.48 -0.09 GNMA 6.0 100.64 -0.07 Pricing as of: 11/14 11:18PM EST 10 Year US Treasury 4.4552 +0.0164 Price / Yield Change US Treasury 2 YR Treasury 4.352 +0.002 5 YR Treasury 4.339 +0.013 7 YR Treasury 4.401 +0.014 10 YR Treasury 4.457 +0.018 30 YR Treasury 4.609 +0.026 Pricing as of: 11/14 11:18PM EST Latest Video Markets pricing in trade negotiations, but not the result, says Fred Kempe Here are four economic headwinds facing the Fed Consumer sentiment isn't something to worry about yet, says strategist Around the Web Calculated Risk Blog Q4 GDP Forecasts: Mid-to-High 2s Calculated Risk Blog Consumer Sentiment Declined in January, Lowest since 2006 NAHB Eye on Housing 2018 Third Quarter Mortgage Originations Grow from Prior Quarter Calculated Risk Blog BLS: Unemployment Rates Higher in 4 states in December; Lower in 3 States CNBC The record government shutdown, if not resolved soon, could be 'fodder for recession': Moody's CNBC Banks, credit unions offer 0 percent interest loans during the government shutdown Calculated Risk Blog Industrial Production Increased 0.3% in December CNBC Fed's Williams calls for 'patience and good judgment' before raising rates consumerfinancemonitor.com Maryland Commission should reject adoption of NCLC's Model Arbitration Act Bloomberg Fed's Evans Says He Won't Be Surprised If Funds Rate Is Higher at Year-End Calculated Risk Blog California Existing Homes in December: Sales Down 12% YoY, Inventory Up 31% Bloomberg Inflation Is Flagging in European Capital of Negative Rates CNBC US weighs lifting trade tariffs against China: DJ, citing sources

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