Mortgage rates may be close to their lowest levels in more than a year, but they were slightly higher versus yesterday. Yesterday's rates were close enough to 1-year lows that no one would take exception with the claim. That said, rates on January 31st were slightly lower for most lenders. Why all the fuss? No fuss , per se. It's just that many mainstream news outlets are running stories today about the "lowest rates in more than a year" due to Freddie Mac's weekly mortgage rates survey. Indeed, if we're just comparing the Monday/Tuesday 30yr fixed rate averages (which is essentially what Freddie's survey does), this week definitely qualifies as having the lowest rates in a year. As is always the case with delayed data, by the time you read about it, the story has often changed. None of the

February 21, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Slightly Higher Today Mortgage rates may be close to their lowest levels in more than a year, but they were slightly higher versus yesterday. Yesterday's rates were close enough to 1-year lows that no one would take exception with the claim. That said, rates on January 31... (read more) Housing News NAR: Home Sales "Likely to Have Reached a Cyclical Low" Existing home sales fell again in January although the decline was a minor one compared to the 6.4 percent drop in December. The National Association of Realtors® (NAR) said sales of single-family homes, townhomes, condominiums and co-ops ticked ... (read more) Rob Chrisman Mobile App Product; TIAA/US Bank Deal; FHA, VA, Ginnie News “Writing about music is like dancing about architecture.” A clever quote about differences which reminded me that there are differences between the national debt and the budget deficit. Beginning in 2022, U.S. annual budget deficits are o... (read more) Housing News Closing Rate, Refinance Share Rose in January A 16-basis point drop to 5.01 percent in the average rate for 30-year fixed-rate mortgages was given only partial credit for a sizable uptick in the refinancing share of originations in January. Ellie Mae's Origination Insight Report for the month sh... (read more) MBS Commentary MBS Live Day Ahead: How The Range Expands If you're just joining us, we've been talking quite a bit in recent weeks about a consolidation range/trend in the bond market.  This refers to a series of higher lows and lower highs resulting in a narrowing trading range--one that eventually r... (read more) MBS Commentary MBS Live Recap: Delayed Reaction to Fed Hurts Stocks and Bonds Although today brought the week's most anticipated line-up of economic data as well as overnight headlines on US/China trade agreements, the biggest market mover was yesterday's Fed Minutes.  At the time, I expressed confusion as to why financia... (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 6.0 100.50 -0.07 GNMA 5.5 99.47 -0.10 GNMA 6.0 100.64 -0.07 Pricing as of: 11/14 10:40PM EST 10 Year US Treasury 4.4606 +0.0218 Price / Yield Change US Treasury 2 YR Treasury 4.353 +0.003 5 YR Treasury 4.341 +0.015 7 YR Treasury 4.405 +0.017 10 YR Treasury 4.461 +0.022 30 YR Treasury 4.612 +0.029 Pricing as of: 11/14 10:40PM EST Latest Video Fed's pivot should cushion slowing growth, says chief economist Global interest rates are falling, and Medley Global Advisors says that's b... Existing home sales, leading economic indicators miss expectations Around the Web CNBC Closely watched Atlanta Fed GDP model now sees growth at just 1.4 percent for fourth quarter NAR - Realtor.com Will Another Downturn Rock the Housing Market? Reuters Not there yet but closer: Britain and EU haggle over Brexit compromise Reuters Weak U.S. data underscore growing headwinds to economy Calculated Risk Blog Comments on January Existing Home Sales Bloomberg China Offers to Buy $30 Billion More U.S. Agricultural Imports a Year NAHB Eye on Housing Multifamily Builder and Developer Confidence Weakens Slightly in Fourth Quarter Calculated Risk Blog Philly Fed Mfg "Weakened" in February Calculated Risk Blog Weekly Initial Unemployment Claims decreased to 216,000 CNBC Consumer debt hits $4 trillion a record high Redfin How Many Trees Can Be Saved With Fully Digital Home Closings? CNBC Personal loans surge to a record $138 billion in US as fintechs lead new lending charge CNBC Fed's Bullard: Rate hikes, balance sheet reduction 'coming to an end'

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