It's Thursday! That means it's time, once again, to set the record straight on today's actual mortgage rates as opposed to those suggested by almost any other news article on the topic today. Why should you trust me as opposed to a multitude of financial journalists telling you something else? Simply put, they're relying on Freddie Mac's weekly mortgage rate survey (which can be unavoidably stale) whereas I'm using a multitude of actual lender rate sheets to derive a highly reliable/accurate average. Those using Freddie's numbers are relying predominantly on lender quotes from Monday and Tuesday whereas I've updated my averages in just the past hour, and for the 2nd time today! Because the Freddie survey is always based largely on Mon/Tue numbers, the higher rates at the beginning of last week

November 1, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Are Actually a Bit Higher This Week It's Thursday! That means it's time, once again, to set the record straight on today's actual mortgage rates as opposed to those suggested by almost any other news article on the topic today. Why should you trust me as opposed to a multitude of finan... (read more) Housing News Affordability Now Biggest Concern as Metro Home Prices Rise Single family home prices increased during the third quarter of 2018 in 93 percent or 166 of the 178 metropolitan areas tracked by the National Association of Realtors ® (NAR). NAR's quarterly report on existing home sales and metro area prices a... (read more) Housing News Multifamily Construction Boosts Residential Spending Numbers Construction spending in September was largely unchanged from where it was in August. The U.S. Census Bureau said that private and public sector spending during the month was at a seasonally adjusted annual rate of $1.330 trillion, not statistically ... (read more) Rob Chrisman Jobs; Branding Study; Disaster Advice and Research; Servicing Package For Sale For me October included time in Washington (State and DC), California, Tennessee, North Carolina, and Nevada. Lenders are talking about technology, the rate of change, and the overwhelming options available to LOs. And for home buyers, the process &a... (read more) MBS Commentary MBS Live Day Ahead: 2 Ways Bonds Are Preparing For The Next Big Move Bonds have either trying to position themselves in a relatively defensive, pessimistic stance heading into upcoming key events, or their staging on the edge of some important technical levels and daring those events to push them into weaker territo... (read more) MBS Commentary MBS Live Recap: Bonds Battle Back After a Ceiling Bounce Today ended up being somewhat triumphant for bonds.  It didn't begin that way, however.  Yields were higher overnight and moved up just a bit more in the first hour and a half of domestic trading.  Early economic data was largely ignor... (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 98.91 -0.02 Price / Yield Change MBS UMBS 5.5 98.93 0.00 UMBS 6.0 100.58 +0.02 GNMA 5.5 99.56 -0.01 GNMA 6.0 100.70 -0.01 Pricing as of: 11/15 4:37AM EST 10 Year US Treasury 4.4434 +0.0046 Price / Yield Change US Treasury 2 YR Treasury 4.331 -0.019 5 YR Treasury 4.320 -0.006 7 YR Treasury 4.383 -0.004 10 YR Treasury 4.441 +0.003 30 YR Treasury 4.599 +0.017 Pricing as of: 11/15 4:37AM EST Latest Video Home flippers flee market Santelli Exchange: Slow productivity growth and higher wages Santelli Exchange: Notes-over-bonds spread steepens Around the Web ir.pennymacfinancial.com PennyMac Financial Services, Inc. Reports Third Quarter 2018 Results and Completes Corporate Reorganization Reuters Apple gives cautious sales forecast amid weakness in emerging markets Bloomberg CEO in Real Estate Ponzi Scheme Fined $120 Million by SEC CNBC A rocky October for stocks meant a record month for bond ETF trading CNBC Home flippers are fleeing the market as their profits shrink CNBC The big number from the October jobs report could be bad news for the market Calculated Risk Blog October Employment Preview Calculated Risk Blog Construction Spending increased slightly in September NAHB Eye on Housing Builder Confidence in the 55+ Housing Market Drops in the Third Quarter Calculated Risk Blog ISM Manufacturing index decreased to 57.7 in October Calculated Risk Blog Weekly Initial Unemployment Claims decreased to 214,000 CNBC Bank of England holds rates steady amid Brexit uncertainty Reuters Signs of relief emerge for battered U.S. homebuilding stocks

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