Mortgage rates were slightly higher today, marking the 6th day in a row where they've reversed course versus the previous day. This is the sort of behavior we see when underlying financial markets are having a hard time making up their mind (or are simply waiting for something before committing to the next big move). In the case of mortgage rates, the underlying financial market is the bond market. There are specific bonds that most directly affect mortgage rates, but they are almost always moving in the same direction as other bonds anyway. That allows us to use something like the 10yr Treasury yield to keep an eye on interest rate momentum. There we see yields locked in an increasingly narrow range since the beginning of the year. Movements inside that range aren't important to the bigger

February 15, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates in a Holding Pattern Mortgage rates were slightly higher today, marking the 6th day in a row where they've reversed course versus the previous day. This is the sort of behavior we see when underlying financial markets are having a hard time making up their mind (or are s... (read more) Housing News "Homeowners are in Great Shape," Delinquencies Improve Across the Board Mortgage loan delinquencies were down from the third quarter of 2018 in the fourth quarter. The Mortgage Bankers Association (MBA) said the improvements held across all loan types and all stages of delinquency although there was a slight uptick in fo... (read more) MBS Commentary MBS Live Recap: Deceptively Relevant Econ Data But Range Prevails Since Retail Sales rocked markets yesterday, perhaps bonds would be interested in responding to economic data again today?  This question seemed to have been answered when bonds apparently jumped following this morning's 8:30am economic data.&... (read more) Rob Chrisman Sales Jobs; Construction, Marketing Products; Impressive Agency Earnings Huh? Radian was recently in takeover talks ? I only know what I read in the newspapers! Sometimes I wonder if everyone isn’t in M&A talks to one degree or another, and rumors continue to swirl about a publicly-held bank in the Northwest spi... (read more) MBS Commentary MBS Live Day Ahead: Range Trade Likely to Dominate Heading Into Holiday Weekend Rates were at long term highs in early November 2019.  Several global economic risks were beginning to swirl at the same time.  These included a slowdown in German GDP, the weakest Chinese retail sales in 15 years, Italian budget drama, and... (read more) Housing News GSEs Continue Financial Winning Streaks Freddie Mac and Fannie Mae (the GSEs) reported solid financial results for both the fourth quarter and the entirety of the 2018 fiscal year on Thursday. The annual income was higher for both GSEs , although each posted a decrease quarter-over-quarter... (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 -0.08 Price / Yield Change MBS UMBS 5.5 98.86 -0.07 UMBS 6.0 100.52 -0.05 GNMA 5.5 99.49 -0.07 GNMA 6.0 100.65 -0.06 Pricing as of: 11/15 12:26AM EST 10 Year US Treasury 4.4606 +0.0218 Price / Yield Change US Treasury 2 YR Treasury 4.348 -0.002 5 YR Treasury 4.336 +0.010 7 YR Treasury 4.399 +0.012 10 YR Treasury 4.457 +0.018 30 YR Treasury 4.610 +0.027 Pricing as of: 11/15 12:26AM EST Latest Video Consumer Sentiment Index beats February estimates with 95.5 January industrial production down 0.6 percent US-China trade talks to continue in Washington Around the Web CNBC TREASURIES-Yields range-bound amid mixed economic data NAHB Eye on Housing Serious Delinquency Rate Continues its Decline CNBC Small banks you've never heard of are quietly enabling the tech takeover of the financial industry NAR - Realtor.com Banks Offered Homeowners Refinances After the Crisis, but Americans Stopped Trusting Banks Calculated Risk Blog Q4 GDP Forecasts: High-1s, Low-2s, 2018 Annual GDP around 2.8% CNBC Here's where the money for Trump's border wall will come from Calculated Risk Blog MBA: "Mortgage Delinquencies Dropped to 18-Year Low in the Fourth Quarter of 2018" CNBC Consumer sentiment hits 95.5 in February, vs. expectations for 93 Calculated Risk Blog Industrial Production Decreased 0.6% in January Bloomberg How Surge in Inflation-Adjusted Pay Can Lead Fed to Higher Rates Redfin Atlanta Home Prices Up 4.8%, Outpacing National Growth CNBC JGBs rise tracking gains in U.S. Treasuries CNBC NJ congressman pushes bill to restore full state, local tax deductions: 'We can't accept this'

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