Mortgage rates rose moderately today as weekend news headlines suggested some measure of de-escalation of nuclear tensions between the US and North Korea. To be sure, the news wasn't resoundingly conciliatory, but investors took solace in it nonetheless. In general, when headlines suggest the world is less likely to end by Monday, investors will be slightly more risk tolerant. One expression of risk tolerant trading in financial markets is to favor something like stocks as opposed to bonds. If there is net selling pressure on bonds, it creates net upward pressure on interest rates. This was the case this morning. In the afternoon, comments from NY Fed President Dudley (one of the 3 most important voices at the Fed) kept pressure on rates , which seemed willing to recover in the late morning

August 14, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Up Slightly From Long-Term Lows Mortgage rates rose moderately today as weekend news headlines suggested some measure of de-escalation of nuclear tensions between the US and North Korea. To be sure, the news wasn't resoundingly conciliatory, but investors took solace in it nonethel... (read more) Housing News NAHB Says Labor Shortages Worsening About a month ago, the National Association of Home Builders (NAHB) seized on the May Job Openings and Labor Turnover survey (JOLTs) report as an indication that the tight construction labor market might be loosening. The report indicated a decline i... (read more) MBS Commentary MBS Live Week Ahead: Risk of Resistance Remains; What Technicals Can Actually Tell Us If you haven't seen/read my primers on various technical analysis topics, they're linked at certain points in the text below, and will be helpful in making the most of this post.  If you'd like to read them in advance, here they are: Basic Co... (read more) Rob Chrisman PR and Subservicer Products; FHA, VA, and Ginnie Updates Time passes by, and we have one week until the first total solar eclipse crossing the US from coast to coast since 1918. Football fans know that the start of the season is fast approaching. There were 786 touchdown passes in the NFL last season, and ... (read more) Housing News NMLS Makes Biometric Logins Mandatory Citing increased fraud affecting its education and testing procedures, the Nationwide Multistate Licensing System (NMLS) is implementing a new biometric password system for use by its instruction providers. NMLS, which handles state licensing of loan... (read more) MBS Commentary MBS Live Recap: CPI Threads Market-Movement Needle Bond markets ultimately rallied modestly following today's much-anticipated CPI data.  This is a departure from recent norms as the last 3 reports have generated some of the biggest reactions in each of the past 3 months.  Still, the re... (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 98.98 +0.05 Price / Yield Change MBS UMBS 5.5 98.98 +0.06 UMBS 6.0 100.64 +0.08 GNMA 5.5 99.62 +0.05 GNMA 6.0 100.74 +0.03 Pricing as of: 11/15 8:10AM EST 10 Year US Treasury 4.4365 -0.0023 Price / Yield Change US Treasury 2 YR Treasury 4.316 -0.034 5 YR Treasury 4.306 -0.021 7 YR Treasury 4.373 -0.014 10 YR Treasury 4.434 -0.005 30 YR Treasury 4.594 +0.011 Pricing as of: 11/15 8:10AM EST Latest Video Cashin: Seeing a large 'sigh of relief' rally today Do Americans care about tax reform? Closing Bell Exchange: Will markets continue on edge? Around the Web Bloomberg After a Summer Bond Binge, Signs of Angst Are Growing in the Market Market Watch S&P 500 on track for best daily gain in about 4 months NPR Our Homes May Get Smarter, But Have We Thought It Through? CNBC Homebuyers put less and less skin in the game, adding to the market's overall risk NAHB Eye on Housing Share of Builders Reporting Labor Shortages Rises Again Freddie Mac If Housing Is So Affordable, Why Doesn't It Feel That Way? CNBC US tax change proposals anger builders, real estate agents, charities CNBC US tax change proposals anger builders, real estate agents, charities The Basis Point Subprime mortgage cycle begins anew in 2017 Calculated Risk Blog The Housing Bottom and Comparing Housing Recoveries Bloomberg Bond Market Looks Expensive, Until You Factor in Threat of War Calculated Risk Blog Q3 GDP Forecasts NAR - Realtor.com The Most Popular Interior Design Styles in Each State

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