Mortgage rates fell moderately today, largely in response to the Federal Reserve's policy announcement. The Fed is in charge of setting a key short-term rate that impacts the entire financial market by varying degrees. The Fed does NOT set fixed mortgage rates, but in general, the friendlier the Fed with its monetary policy, the better it is for the entire spectrum of rates. The Fed was quite simply friendlier than expected today. Investors were already planning on some sort of adjustment in the verbiage promising ongoing rate hikes and decreases in the amount of bonds purchased directly by the Fed. We got that, and more. For all intents and purposes, today's announcement and press conference could be interpreted as the Fed saying it's done hiking rates until further notice and would only resume

January 30, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Fall to 3-Week Lows After Fed Mortgage rates fell moderately today, largely in response to the Federal Reserve's policy announcement. The Fed is in charge of setting a key short-term rate that impacts the entire financial market by varying degrees. The Fed does NOT set fixed mort... (read more) Housing News Realtors Expect Pending Sales to Improve in 2019 Pending home sales were down again in December , falling below the Pending Home Sale Index's (PHSI's) benchmark 100 level to 99.0. The index was at 101.2 in November. The 2.2 percent month-over-month decline follows losses of 0.7 percent and 2.6 perc... (read more) MBS Commentary MBS Live Day Ahead: Here Comes the Fed (And a Satirical Prediction About What They'll Say) Today's key even is the 2pm ET Fed Announcement.  There will be no hike and no adjustment to existing policies.  That said, given a noticeably dovish shift in Fed speeches since the December meeting, more than a few investors are hop... (read more) Rob Chrisman Profitability Products; Events, Free Webinars, and Training Coming up Soon Here’s something for senior management to do some time. Casually ask someone under the age of 30, who is not in the business, like your server at The Olive Garden, how or where they would obtain a home loan. It is very telling, especially if yo... (read more) MBS Commentary MBS Live Recap: The Most Exciting Mid-Sized Bond Rally Ever! Today's Fed Announcement was the first scheduled big-ticket market mover of the year since the NFP report on January 4th.  With the government shutdown depriving us of data, and several other factors contributing to a sideways grind over th... (read more) MBS Commentary MBS Live Commentary: Differences Between Previous and Current FOMC Statements Information received since the Federal Open Market Committee met in November December indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong solid rate. Job gains have been strong, on ... (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 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 11:49PM EST 10 Year US Treasury 4.4567 +0.0179 Price / Yield Change US Treasury 2 YR Treasury 4.350 0.000 5 YR Treasury 4.338 +0.012 7 YR Treasury 4.401 +0.014 10 YR Treasury 4.459 +0.020 30 YR Treasury 4.610 +0.027 Pricing as of: 11/14 11:49PM EST Latest Video We will patiently wait and let data clarify, says Fed Chair Jerome Powell Reducing the pace of run-off was part of Fed discussions: Powell Fed removes 'some further gradual' rate guidance Around the Web Calculated Risk Blog Freddie Mac: Mortgage Serious Delinquency Rate Decreased in December, Lowest since 2007 CNBC Powell says the Fed did not change course on interest rates in response to Trump Reuters Instant View: Fed holds rates steady Reuters Fed leaves rates unchanged, says will be 'patient' on future hikes Reuters Traders add to bets against further Fed rate hikes CNBC Dimon says he's willing to pay higher taxes, but government spending needs to be more effective NAR - Realtor.com Home Buyers Can Rejoice While Sellers Sweat Inventory Bump Reuters J.P. Morgan sees Fed leaving $1 trillion in bank reserves Calculated Risk Blog Zillow Case-Shiller Forecast: Smaller House Price Gains in December YoY Redfin Redfin Report: Seattle Reclaims its Migration-Destination Status CNBC December pending home sales drop to lowest point in five years, despite much lower interest rates CNBC Fed is likely to hold rates steady as it navigates data blind spots Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in November

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