Mortgage rates are having a bleak September, having risen at least an eighth of a percentage point in all cases and by a quarter of a point in many cases. Depending on the lender and scenario, conventional 30yr fixed rates of 5.0% aren't out of the question although 4.875% remains far more prevalent for borrowers with lots of equity/down-payment and top-tier credit. Either way, that's as high as mortgage rates have been since 2011 for most lenders. Most of the recent damage had been done by Wednesday afternoon of last week. Since then, underlying bond markets haven't been moving as much, relatively. This could have everything to do with Wednesday's Fed Announcement where the Federal Reserve will undoubtedly hike its policy rate and release updated economic forecasts. Incidentally, today's rates

September 24, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Treading Water Near Long-Term Highs Mortgage rates are having a bleak September, having risen at least an eighth of a percentage point in all cases and by a quarter of a point in many cases. Depending on the lender and scenario, conventional 30yr fixed rates of 5.0% aren't out of the q... (read more) Housing News Housing Market Struggles to Keep Pace With US Economy Freddie Mac's Economic and Housing Research Group said on Monday that the U.S. economy and job market are firing on nearly all cylinders , "but the housing market has essentially stalled ." The solid growth of the U.S. economy during the second quart... (read more) MBS Commentary MBS Live Day Ahead: Bonds Gearing Up For Unfriendly Fed It would be a tad dramatic to say that rates are at a crossroads as we head into the end of September, unless there's any additional weakness this week.  That's because any additional weakness will bring yields closer to breaking 2018's pr... (read more) Rob Chrisman Broker and DTC Products; Conventional Conforming News, Wells' LTV Change; USAA layoffs We’re now officially in autumn, one week left in the 3rd quarter. Most states in the U.S. don’t change their clocks until November 4th, but in Europe they are doing in 2019 what many in this country wish the government would do: We’... (read more) Housing News Weather Sets Up Push-Pull with Delinquency Rate Are weather patterns beginning to provoke annual swings in mortgage delinquencies? Black Knight suggests, in its first look at August 2018 mortgage performance data, that could be the case in 2017-2018. The incidence of mortgage distress was heading ... (read more) MBS Commentary MBS Live Recap: Bonds Biding Time Until Wednesday Have you heard?  The Fed announcement is coming up on Wednesday.  While you've undoubtedly heard about that more than a few times (unless this is your first day here, in which case, welcome!), it continues to bear repeating, largely becau... (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 98.86 -0.07 Price / Yield Change MBS UMBS 5.5 98.86 -0.07 UMBS 6.0 100.51 -0.05 GNMA 5.5 99.49 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/15 12:49AM EST 10 Year US Treasury 4.4577 +0.0189 Price / Yield Change US Treasury 2 YR Treasury 4.350 0.000 5 YR Treasury 4.339 +0.013 7 YR Treasury 4.401 +0.014 10 YR Treasury 4.459 +0.020 30 YR Treasury 4.612 +0.029 Pricing as of: 11/15 12:49AM EST Latest Video Tariffs take a toll on home renovations World Bank CEO: We can't detach trade from the context of the global econom... LaVorgna: Markets may soon have to contend with the Fed Around the Web CNBC With Fed set to raise rates again, other central banks sound ready to end the easy money too CNBC New Chinese tariffs about to make your home renovation more expensive Redfin Home Prices Up 4.7% in August, Lowest Price Growth in Four Years Reuters Deputy Attorney General Rosenstein heads to White House amid conflicting reports on future CNBC A handful of traders actually think the Fed could hike a half-point this week Bloomberg Green Mortgages on Tap From Banks Funding Climate Investment Calculated Risk Blog Dallas Fed: "Texas Manufacturing Expansion Continues amid Increased Uncertainty" Bloomberg American Credit Scores Hit a New High Bloomberg ECB Deposit Rate Won't Go Above 0.25% for Five Years, Pimco Says CNBC The U.S. economy is doing so well it could be the Fed's next problem, strategist says Bloomberg ECB's Draghi Sees Vigorous Pickup in Core Euro-Area Inflation Calculated Risk Blog Chicago Fed "Index Points to Steady Economic Growth in August" CNBC Watch out for the yield curve

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