Mortgage rates didn't move at all today, on average, but that's likely to change throughout the course of the week--possibly several times. Interest rates are driven by bond market trading which, in turn, takes its cues from all manner of inputs. Two of the biggest inputs are economic data and the Federal Reserve (aka "The Fed"). There is plenty to consider on both accounts in the coming days. The Fed will release one of its periodic policy announcements on Wednesday. No one expects them to raise rates at this meeting, but there are broad-based expectations for the verbiage of the Fed's statement to soften (i.e. to become more friendly toward rates and financial markets in general). Traders are already betting on some softening (which is helping rates stay lower than they otherwise might be

January 28, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Unchanged at Start of Hectic Week Mortgage rates didn't move at all today, on average, but that's likely to change throughout the course of the week--possibly several times. Interest rates are driven by bond market trading which, in turn, takes its cues from all manner of inputs. Two... (read more) Rob Chrisman Sales and Underwriting Products; Conventional Conforming Lender and Investor Changes Another 5-day work week. Sigh. To some it’ll seem “longer than a CVS receipt.” To others it will fly by. What is also flying is the market in Boise, Idaho. Idaho is now the fastest growing state in the nation, percentage-wise, and w... (read more) MBS Commentary MBS Live Day Ahead: Still Waiting on Some Data, But FOMC and Jobs Will Carry Weight The mighty Employment Situation (the big jobs report that gives us nonfarm payrolls, unemployment rate, avg hourly earnings, etc) is the king of all economic data in terms of market movement potential.  It doesn't always make waves, but if we co... (read more) Mortgage Rate Watch Mortgage Rates Could Be More Volatile Next Week Mortgage rates were only slightly higher today, and didn't rise enough to make it above the levels that showed up somewhat abruptly on Wednesday. That keeps this week fairly tame in terms of volatility. In fact, most of January has been fairly calm a... (read more) MBS Commentary MBS Live Day Ahead: The Middle Ground For Rates vs Stocks We often use terms like "stock lever" and concepts like asset allocation to discuss the conventional wisdom of stock prices and bond yields moving in unison.  I'll be the first to tell you what a bad idea that is if you're expecting a certain ... (read more) MBS Commentary MBS Live Recap: Much Sound and Fury; Little Significance Today's focal point was an anticlimactic can-kicking episode wherein the government shutdown was finally ended, but only for 3 weeks.  The passage of the temporary bill was so well telegraphed that markets had plenty of time to start trading it ... (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 98.86 -0.07 UMBS 6.0 100.51 -0.05 GNMA 5.5 99.49 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 11:30PM EST 10 Year US Treasury 4.4567 +0.0179 Price / Yield Change US Treasury 2 YR Treasury 4.351 +0.001 5 YR Treasury 4.337 +0.011 7 YR Treasury 4.399 +0.012 10 YR Treasury 4.455 +0.016 30 YR Treasury 4.607 +0.024 Pricing as of: 11/14 11:30PM EST Latest Video Fed officials may discuss shutdown impact, says strategist What to expect out of this week's Fed meeting The Fed must pay attention to the state of the economy, economist says Around the Web Reuters U.S. fourth-quarter GDP, December income spending reports delayed Reuters China worries send stocks down, rising supply hits oil CNBC The CBO thinks the Fed is going to raise interest rates this year, disagreeing with Wall Street consumerfinancemonitor.com CFPB issues annual report on servicemember complaints NY Times Government Shutdown Is Over, So Where Is the Economic Data? Calculated Risk Blog Merrill on NFP Reuters U.S. growth to slow in 2019 as deficit climbs: congressional researchers Calculated Risk Blog Dallas Fed: "Growth in Texas Manufacturing Activity Accelerates" Bloomberg Powell on the Spot After Fed's Monetary Messages Whipsaw Market CNBC The shutdown cost the economy $11 billion including a permanent $3 billion loss, government says Bloomberg The Fed Should Consider Lowering Rates Calculated Risk Blog Chicago Fed "Index Points to a Slight Increase in Economic Growth in December" Reuters U.S. government reopens with clock running on funding talks

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