Mortgage application activity declined during the week as the 30-year mortgage rate crossed the 5.0 percent line for the first time in seven years and other products moved to new seven or eight year highs. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measures of application volume, declined by 1.7 percent on a seasonally adjusted basis during the week ended October 5. On an unadjusted basis the index was down by 2.0 percent. The seasonally adjusted Purchase Index lost ground for the first time in six weeks , decreasing by 1 percent compared to the previous week, and was down by 1.0 percent on an unadjusted basis as well. The unadjusted version remained 2.0 percent higher than during the same week in 2017. The Refinance Index fell by 3.0 percent and the share of

October 10, 2018 Download our Mobile App: Download our Mobile App: Housing News Mortgage Application Activity Dwindles as Rates Move Higher Mortgage application activity declined during the week as the 30-year mortgage rate crossed the 5.0 percent line for the first time in seven years and other products moved to new seven or eight year highs. The Mortgage Bankers Association (MBA) said ... (read more) MBS Commentary MBS Live Day Ahead: Bonds Still Focused on Defense, But Hoping Offense Figures it Out One of the most important themes I've tried to communicate over the past 2 weeks is that the bond market is in the middle of redefining or repricing its relationship with the available data.  There was a chance that 10yr yields would try to av... (read more) Rob Chrisman Warehouse and Non-QM Products; Agency Appraisal and Inspection Changes As Hurricane Michael heads toward Florida & Georgia (with the wind and storm surge, lenders and investors act – for example, Mr. Cooper has temporarily suspended loan purchases in several Florida counties effective today), contractors and b... (read more) Mortgage Rate Watch Mortgage Rates Improve Slightly Today, But Risks Remain Mortgage rates recovered a small portion of their recent losses today, but the average loan applicant might not even notice. The 2 key ingredients of a mortgage rate (for the purposes of tracking their movement) are the rate itself (the "note rate") ... (read more) MBS Commentary MBS Live Day Ahead: Where We Were, Where We Are, And Where We Might Be Going 2009-2013 was an unprecedented time for the US bond market.  It benefited not only from the initial blast of the Great Recession and the sluggish recovery that followed, but also from the ongoing blast of Fed bond buying and ultra-low rate pol... (read more) MBS Commentary MBS Live Recap: Token Correction Ahead of More Important Data Today was a freebie for bond markets (and stocks to some extent).  In the grand scheme of things, no one will look back at today and conclude anything meaningful.  If anything, it will just look like a very calm, very flat trading day fol... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% -0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% -0.05 0.00 15 Yr. Fixed 5.91% -0.05 0.00 30 Yr. FHA 6.20% -0.02 0.00 30 Yr. Jumbo 6.80% -0.04 0.00 7/6 SOFR ARM 6.33% 0.00 0.00 30 Yr. VA 6.22% -0.01 0.00 Updates Daily - Last Update: 6/30 15 Yr. Fixed Rate 5.91% -0.05% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 100.07 +0.26 Price / Yield Change MBS UMBS 5.5 100.07 +0.26 UMBS 6.0 101.68 +0.17 GNMA 5.5 100.19 +0.19 GNMA 6.0 101.50 +0.14 Pricing as of: 6/30 6:29PM EST 10 Year US Treasury 4.2246 -0.0567 Price / Yield Change US Treasury 2 YR Treasury 3.715 -0.035 5 YR Treasury 3.804 -0.031 7 YR Treasury 3.990 -0.045 10 YR Treasury 4.225 -0.057 30 YR Treasury 4.776 -0.055 Pricing as of: 6/30 6:29PM EST Latest Video We're seeing a sell-off with no fear, says chief economist Redfin CEO: Interest rates have been 'a real bite' for mortgages Dow and S&P record worst day since June Around the Web Calculated Risk Blog Houston Real Estate in September: "Market Cools" Bloomberg Bond ETF Outflows Suggest No More 'Crying Wolf' on US Rates Calculated Risk Blog Seattle Real Estate in September: Sales Down 29% YoY, Inventory up 78% YoY CNBC Not just student loans: Millennials are also loading up on this kind of debt Reuters Equities slide to three-month low as tech stocks plunge CNBC Cramer predicts Fed chief Powell could 'walk back' the recent rate comments that jolted Wall Street Calculated Risk Blog Investment and Recessions NAHB Eye on Housing Air Conditioning and Heating Systems in New Homes CNBC Travelers to sell smart home solutions on Amazon, offers insurance discounts after purchase Bloomberg Italy Wakes Up to Bond Spreads Again in Throwback to Crisis Days Reuters U.S. producer prices rebound in September CNBC Here is why investors should quit worrying about rising interest rates Bloomberg US Financials Aren't Rising With Yields, in an Ominous Omen

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