Despite the success of the U.S. economy as of late, housing sentiment seems to have hit a rough patch . Fannie Mae said its Home Purchase Sentiment Index (HPSI) continued to decline in October, moving lower for the third time in four months. The index, based on responses to a portion of questions in the National Housing Survey, fell by 2.0 points to 85.7 with five of the six components posting declines and the fifth unchanged from September. The net share of Americans who say it is a good time to buy a house fell 5 percentage points to only 21 percent. The net is the result of subtracting negative responses from positive ones. Those saying it is a good time to sell was down by 3 points to 35 percent. That measure has dropped by 9 points since June. The net share of those who expect prices to

November 7, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.25% -0.04%   6.11% 7.26% 15 Yr. Fixed 5.71% -0.01%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Nov 7, 2018 Mortgage Rates Edge Lower, But Don't Get Used to It Wed, Nov 7, 2018 4:52PM Mortgage rates were slightly lower today. Unfortunately, that may not be the case by tomorrow morning. Underlying bond markets (which dictate rates) lost ground throughout the day. If trading levels don't change by tomorrow morning, the average lender will be back up at the highest rates in 7+ years. Many are close enough as it is. The key feature of the past 24 hours was the midterm elections. Bonds improved when democrats won control of the house. This was in line with the average prediction for how elections might impact rates. That said, the fact that bonds have already fully erased that o... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.25% -0.04 0.00 15 Yr. Fixed 5.71% -0.01 0.00 30 Yr. FHA 5.99% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.64% -0.01 0.00 30 Yr. VA 6.01% 0.00 0.00 Updates Daily - Last Update: 9/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.30 +0.17   97.47 101.61 UMBS 30YR 6.0 102.45 +0.06   99.66 102.50 10 YR Treasury 4.037 -0.030   3.621 4.780 MBS Live Day Ahead: Here's How The Election Impacted Bonds (And How It Didn't) Wed, Nov 7, 2018 9:05AM Whether you thought the election would or would not matter for the bond market, you were right!  At times, it mattered quite a bit in the overnight session, but as we begin the day, trading levels are arguably close enough to yesterday's that ... (read more) MBS Live Recap: Underlying Stock/Bond Correction Still The Driving Force Tue, Nov 6, 2018 5:37PM While we can point to tonight's election results on the calendar, and imagine that they'll have an impact on financial markets, stocks and bonds simply continued doing what they've been doing since October 28th.  That's when stocks and bond yi... (read more) MBS Price Change UMBS 5.0 99.91 +0.28 UMBS 5.5 101.29 +0.16 UMBS 6.0 102.45 +0.05 GNMA 5.0 100.24 +0.24 GNMA 5.5 101.23 +0.09 GNMA 6.0 101.98 -0.02 Pricing as of: 9/15 6:14PM EST US Treasury Yield Change 2 YR Treasury 3.537 -0.016 5 YR Treasury 3.600 -0.030 7 YR Treasury 3.792 -0.024 10 YR Treasury 4.040 -0.026 30 YR Treasury 4.661 -0.021 Pricing as of: 9/15 6:14PM EST Other News Housing Sentiment Continues to Sour as Economy Booms Wed, Nov 7, 2018 12:13PM Despite the success of the U.S. economy as of late, housing sentiment seems to have hit a rough patch . Fannie Mae said its Home Purchase Sentiment Index (HPSI) continued to decline in October, moving lower for the third time in four months. The index, based on responses to a portion of questions in the National Housing Survey, fell by 2.0 points to 85.7 wit... (read more) Mortgage Apps: Down to Four-Year Low, Highest Rates Since 2010 Wed, Nov 7, 2018 8:14AM The week ended November 2 was another week of retreat for mortgage applications as the Mortgage Bankers Association's (MBA's) Market Composite Index dropped by 4.0 percent on a seasonally adjusted basis. This brought the index to its lowest level since December 2014 . The index was down 2.0 percent on an unadjusted basis compared to the previous week. The Re... (read more) Income and Subservicer Webinars; Lender Disaster News Continues Wed, Nov 7, 2018 9:03AM Lenders outside of Ohio were mildly interested in the Ohio Governor’s race where Ex-CFPB chief Richard Cordray lost. As forecast Democrats won the House and the Republicans kept control of the Senate, and although there were a few surprises, and some results aren’t known yet. There was a fair amount of volatility overnight and each democratic win... (read more) Latest Video Fed has no urgent need to raise rates, says the Lindsey Group CEO CNBC Poll: 90% say no rate hike in November Jeff Sessions resigns as Attorney General Around the Web Bloomberg Trump Says He's Open to Raising Taxes to Pay for a Middle-Class Cut Reuters Fed likely on steady course even as U.S. political landscape shifts Calculated Risk Blog First Look: 2019 Housing Forecasts Bloomberg Treasury Futures Volumes Surge to Year's High on Midterm Fever Reuters Regulators warn Wells Fargo over technology oversight: WSJ CNBC Cramer: With midterms over, we could get 'the rallies of all rallies' if the Fed pauses rate hikes CNBC Housing sentiment tumbles to lowest in a year, as more say now is not a good time to buy CNBC Despite President Trump's resistance, Americans welcome rising interest rates Calculated Risk Blog Seattle Real Estate in October: Sales Down 18% YoY, Inventory up 102% YoY NAHB Eye on Housing Number of Bathrooms in New Homes builderonline.com Home Flipping Shows Signs of Decline As Housing Market Cools CNBC Treasury yields fall as the midterms result in a split Congress; Fed gathers for two-day meeting Reuters Dollar, U.S. bond yields fall, stocks inch higher on Democrat election gains

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