Mortgage rates jumped to the highest levels in 2019 yesterday, even if only by a small margin. It was one of the few abrupt moves we've seen in recent weeks, relative to the average day-over-day change. Whereas yesterday's move was abruptly higher, today's rates moved lower at approximately the same pace. The European Central Bank (ECB) announcement served as the source of inspiration. As you'd expect, this was a bigger deal for Europe, but when we're dealing with the world's major central banks, the effects tend to spill over into foreign markets. This is frequently true between the US and Europe. Long story short, the ECB echoed many of the same concerns shared by their American counterparts at the Fed in recent weeks. Specifically, several lingering uncertainties could weigh on global growth

January 24, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Erase Yesterday's Spike With Help From Europe Mortgage rates jumped to the highest levels in 2019 yesterday, even if only by a small margin. It was one of the few abrupt moves we've seen in recent weeks, relative to the average day-over-day change. Whereas yesterday's move was abruptly higher, t... (read more) Housing News More Buyers Turning to ARMs to Achieve Ownership The share of December originations that were adjustable rate mortgages (ARMs) was the highest since Ellie Mae began tracking them in 2011 the company said in its December Origination Insight Report . As mortgage rates rose, the share of ARMs reached ... (read more) Rob Chrisman Automation Products; Misc. Vendor News; Political News Impacting Rates I think that keeping my personal information and passwords on my yellow note pad is safer than putting it “in the cloud.” More than 24 million financial and banking documents related to mortgages and other consumer loans were leaked onlin... (read more) Housing News 2018 Ended with Record Low Delinquencies The US ended 2018 with the lowest delinquency rate since at least the beginning of this century. Black Knight says the December rate of 3.88 percent is an increase of 4.71 percent from the previous month, which it terms a seasonal uptick, and is 17.5... (read more) MBS Commentary MBS Live Recap: Bonds Take Some Solace From Downbeat Draghi European Central Bank President Mario Draghi delivered his customary press conference following this morning's policy announcement.  Markets expected him to be bond friendly, but the realities of his words suggested those expectations could have... (read more) MBS Commentary MBS Live Day Ahead: Bonds Tune in to Draghi as ECB Remains Dovish The ECB announced no change to its policy rates this morning, which was completely in-line with market expectations.  In a bit of departure from the norm, they provided some qualitative forward guidance.  In other words, they told markets h... (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 -0.07 UMBS 6.0 100.51 -0.05 GNMA 5.5 99.48 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 11:22PM EST 10 Year US Treasury 4.4552 +0.0164 Price / Yield Change US Treasury 2 YR Treasury 4.352 +0.002 5 YR Treasury 4.338 +0.012 7 YR Treasury 4.400 +0.013 10 YR Treasury 4.457 +0.018 30 YR Treasury 4.609 +0.026 Pricing as of: 11/14 11:22PM EST Latest Video Watch CEOs from JPMorgan, Goldman Sachs and Blackstone break down U.S. rece... Home remodeling in 2019 to lowest level in three years Leading economic indicators drop in December Around the Web CNBC US economy now growing at less than 2 percent due to government shutdown, JP Morgan says CNBC Lack of data because of shutdown takes pressure off the Fed: 'The default option is dovishness' CNBC Here's why homeowners are thinking twice about remodeling Reuters U.S. Commerce chief to federal workers: Get a loan consumerfinancemonitor.com State AGs submit comments to FDIC on small-dollar lending CNBC The government shutdown will not have a long-term effect on GDP: EY's Weinberger Calculated Risk Blog Weekly Initial Unemployment Claims decreased to 199,000, Lowest since 1969 Reuters ECB keeps policy unchanged but may acknowledge weak growth Reuters Wall Street mixed as shutdown, trade tensions dampen upbeat earnings CNBC Recession fears are spreading, but Goldman Sachs says don't worry CNBC Forget home equity: Here's how homeowners are paying for that new kitchen NAR - Realtor.com No Pay Stub? No Problem. Unconventional Mortgages Make a Comeback Calculated Risk Blog AIA: "Architecture billings slow, but close 2018 with growing demand"

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