Mortgage rates rose again today, albeit at a slightly slower clip compared to yesterday. Still, that's little consolidation considering this is the 4th straight day spent moving in that unfriendly direction. The average lender is now back to levels not seen since March 19th. On the bright side, March 19th's rates were the lowest in more than a year at the time. So what's going on? In general, the month of March saw the confluence of 2 great things for rates. Not only was there a generally high level of concern/uncertainty surrounding the global economic outlook, but the Fed was also surprisingly helpful. This was a bit of a double-edged sword because the Fed's helpfulness was predicated on that same sort of concern/uncertainty. In other words, if events unfold in such a way as to ease that

April 16, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Highest in Nearly a Month Mortgage rates rose again today, albeit at a slightly slower clip compared to yesterday. Still, that's little consolidation considering this is the 4th straight day spent moving in that unfriendly direction. The average lender is now back to levels n... (read more) MBS Commentary MBS Live Day Ahead: Be Careful What You Read and Whom You Trust Reading the news this morning, I came across multiple articles with such bogus claims that I feel compelled to rant about it here.  All of the offenders (I stopped looking after 3 out of 3 all said the same thing) suggested that the overn... (read more) Housing News Buyer Traffic Improves, Builders Still Leery of New Home Market Builder confidence levels as reported by the National Association of Home Builders (NAHB) remained in the low 60s in April, a space it has now occupied for three months. The NAHB/Wells Fargo Housing Market Index (HMI) a measure of confidence in the m... (read more) Rob Chrisman Coaching, Underwriting, and Franchise Products; Tech Study; Fed Speeches This Week Things aren’t always what they seem. Does the mainstream press, or politicians, think about how about how much money it takes to attract top talent to senior roles at top mortgage companies? Elizabeth Warren has led a new proposal to Respect th... (read more) Mortgage Rate Watch Mortgage Rates Highest in More Than 3 Weeks Mortgage rates continued higher to start the week, following a relatively sharp increase on Friday. Interestingly enough, the underlying bond market was stable today. In other words, it didn't suggest higher rates. But the issue is that mortgage lend... (read more) MBS Commentary MBS Live Recap: Bonds Defy Friday's Logic to Hold Flat What would you expect to care more about Chinese economic data: the US bond market or the Chinese stock market?  Option 2?  Good, I agree. Now, if you said that US bond yields and Chinese stocks were moving higher together in response t... (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 11:00PM 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 4.399 +0.012 10 YR Treasury 4.457 +0.018 30 YR Treasury 4.608 +0.025 Pricing as of: 11/14 11:00PM EST Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web CNBC Earnings are coming in, and higher costs are weighing on profit margins NAR - Realtor.com Mortgage Mistake That Could Cost One Woman Her Longtime Home Reuters Wall Street edges higher on generally upbeat earnings CNBC Economy could be weaker than expected, and the reason is manufacturing Reuters U.S. manufacturing mired in soft patch in first quarter Calculated Risk Blog CAR: "California home sales moderate in March" Bloomberg ECB Officials Lack Enthusiasm for Sub-Zero Tiering Reuters China's policy stimulus may worsen economic distortions: OECD CNBC Homebuilder sentiment inches higher, but affordability is still a problem Reuters U.S. manufacturing output unchanged in March Reuters Will upbeat economic data make China tap the brakes on monetary easing? Bloomberg China's Holdings of U.S. Treasuries Increase For a Third Month Calculated Risk Blog Phoenix Real Estate in March: Sales down 11% YoY, Active Inventory up 9% YoY

© 2024  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.