Mortgage rates were unchanged in some cases today and higher in others. The discrepancy is a result of the timing of today's market movements. The most important thing to know is that lenders who are unchanged today will almost certainly be higher tomorrow, unless the bond market stages an impressive comeback between now and tomorrow morning. Lenders have the final say in the mortgage rates they make available to borrowers, but their decisions are informed primarily by the bond market. Weaker bonds = higher rates, and vice versa. Bonds weakened today--modestly at first, then significantly in the afternoon--but it didn't happen quickly enough for every lender to see the reason to change their mortgage rate offerings in the middle of the day. As such, those lenders will simply be accounting for

December 26, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Higher Today or Tomorrow Mortgage rates were unchanged in some cases today and higher in others. The discrepancy is a result of the timing of today's market movements. The most important thing to know is that lenders who are unchanged today will almost certainly be higher to... (read more) Rob Chrisman Another Mortgage Settlement; Shutdown Update for Lenders; Rates are low Because... This government shutdown is over 215 miles of fencing along a 2,000-mile border. Rate-wise, there is growing thought that the Fed has overshot rate changes and that there will be 0 increases in 2019. In other “fun with numbers” news, STRA... (read more) Housing News Case-Shiller Says Home Price Gains Slowing, Still up 5.5% Home prices continued to ratchet down their advances in October, fewer than half of the tracked cities saw prices increase on an unadjusted basis. The slowing is also beginning to show up in the annual readings. The Case-Shiller National Home Price I... (read more) MBS Commentary MBS Live Day Ahead: Holiday Week Themes Still in Play The title of the Day Ahead commentary on Monday was "Don't Get Too Attached."  In a nutshell, the suggestion was to not get too attached to any decisive move in markets because wouldn't really be as decisive (due to lighter volume and liquidity)... (read more) Mortgage Rate Watch Trump Vs The Fed: A Public Service Announcement Mortgage rates did nothing interesting today, as is typical for the days before and after a major holiday. Tangentially related and significantly more interesting is the President's criticism of the Fed and Fed Chair Powell. I think this is very much... (read more) MBS Commentary MBS Live Recap: Huge Bounce in Stocks Not So Good For Bonds Bonds had a rotten day, primarily because stocks had an amazing day (although the terrible 5yr Treasury auction didn't help).  In turn, stocks primarily had an amazing day because they had a rotten day on Monday.  Looked at another way,... (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 6:35PM 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 6:35PM EST Latest Video Housing market will continue to cool in 2019, says Redfin economist 50 percent chance of a rate cut next year, says Guggenheim's Scott Minerd What are the markets saying about the Fed’s unwinding of its balance sheet? Around the Web Bloomberg Trump Expresses Confidence in Fed, Mnuchin Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in October Bloomberg Bond Market Naysayers Are at Odds With Powell's Inflation Positivity Reuters Fed chair's job is not in jeopardy, White House economic adviser says CNBC Former Wells Fargo CEO argues markets would be down more if Fed didn't hike this month Calculated Risk Blog Update: A few comments on the Seasonal Pattern for House Prices Redfin The 20 Cities and Homes Favorited Most in 2018 Calculated Risk Blog Case-Shiller: National House Price Index increased 5.5% year-over-year in Octoer NAHB Eye on Housing Top Posts: Time Needed to Build a Single-Family Home in 2017 CNBC 10-year US Treasury yield hits lowest level since April 2018 Reuters U.S. Treasury was not concerned on liquidity ahead of call with bankers: CNBC CNBC There's no place like home, and retirees say they'll renovate in order to stay CNBC UBS' Art Cashin doesn't expect the Fed to raise interest rates at all next year

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