Mortgage rates continued higher for the 5th day in a row today. This brings the average lender to the highest levels in exactly one month. At issue: a series of stronger economic reports at home and abroad have eased concerns about global growth. Not only is a strong economy associated with higher rates in general, but those "concerns" were a big part of the Federal Reserve's decision to be more bond-friendly back in March. With concerns arguably lessened by recent data, investors may be assuming the Fed won't be quite as bond friendly going forward. All that having been said, the Fed is NOT likely to make any big changes after one solid month of global economic data. The most immediate cause for pressure toward higher rates came overnight in the form of Chinese economic data. Along with Europe

April 17, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Quickly Find Themselves at 1 Month Highs Mortgage rates continued higher for the 5th day in a row today. This brings the average lender to the highest levels in exactly one month. At issue: a series of stronger economic reports at home and abroad have eased concerns about global growth. Not... (read more) Housing News New Tax Rules May Have Added to Housing Slowdown Two New York Federal Reserve Bank economists are asking whether the tax reform act that went into effect at the beginning of 2018 is playing a role in the decline of home sales. Richard Peach and Casey McQuillan, writing in Liberty Street Economics ,... (read more) Rob Chrisman Non-QM Products; Mortgage Mergers Roll On; QE Still Influencing Rates - a Primer Economic doldrums? Probably not – but there is always someone out there claiming dire straits are right around the corner. A CNBC survey of Wall Street experts finds over 96% do not anticipate a recession by summer 2020, 70% are optimistic abou... (read more) MBS Commentary MBS Live Day Ahead: Bonds Successfully Predict Chinese Rebound Over the years, there have been more times than I can count where the financial media has mistakenly assigned some significance to news or events in China.  The past week has had its moments in that regard, but this time around, the Chinese econ... (read more) Housing News Purchase Volume Continues Higher Despite Rising Rates It would appear that Refis' time in the sun is listing back towards purchases, as mortgage rates increased for the second straight week and application volume retreated further . The Mortgage Bankers Association's Market Composite Index, a measure of... (read more) MBS Commentary MBS Live Recap: Bonds Keep losing Ground. Defensive Positioning or Something Worse? Rates were flat to start the overnight session and didn't bat an eyelash at initial strength in equities markets during Asia-only trading hours.  Things changes when European trading got underway with the sizable jump in the DAX (German stocks... (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 6.0 100.49 -0.07 GNMA 5.5 99.47 -0.10 GNMA 6.0 100.64 -0.07 Pricing as of: 11/14 10:35PM 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 +0.018 10 YR Treasury 4.461 +0.022 30 YR Treasury 4.612 +0.029 Pricing as of: 11/14 10:35PM 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 consumerfinancemonitor.com CFPB Issues 2018 Consumer Response Annual Report Calculated Risk Blog Lawler: Early Read on Existing Home Sales in March Reuters Fed's Bullard says economic data should improve, yield curve steepen in coming months NAR - Realtor.com Mortgages? Big Banks May Be Throwing In the Towel NAR - Realtor.com Many Millennials Are Putting Off These Milestones Until They Buy a Home Bloomberg Mortgage Investors Keep a Wary Eye on Surging Home Purchases Calculated Risk Blog AIA: "Architecture Billings Index backslides in March" NAHB Eye on Housing Home Building Employment Across States and Congressional Districts CNBC US trade deficit falls in February as shortfall with China decreases Bloomberg The Fed's Fabled Soft Landing? It's Actually Happening Bloomberg Powell Adopts Whites-of-the-Eyes Inflation Stance Yellen Shunned 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

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