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: 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 Dec 26, 2018 Mortgage Rates Higher Today or Tomorrow Wed, Dec 26, 2018 4:10PM 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 t... (read more) Trump Vs The Fed: A Public Service Announcement Mon, Dec 24, 2018 12:43PM 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 worth discussing around the holiday table (not politics, but rather, fiscal and monetary policy's effect on interest rates). Before I continue, I'd like to go on the record as being devoutly politically agnostic. Everything I've written for the past 12 years here is on record, unedited. Feel free to browse back through the pages of history. You'll... (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 5.5 101.22 +0.09   97.47 101.61 UMBS 30YR 6.0 102.41 +0.01   99.66 102.50 10 YR Treasury 4.035 -0.032   3.621 4.780 MBS Live Day Ahead: Holiday Week Themes Still in Play Wed, Dec 26, 2018 10:04AM 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) MBS Live Recap: Huge Bounce in Stocks Not So Good For Bonds Wed, Dec 26, 2018 4:47PM 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, in week-over-week terms, the S&P is roughly 2% higher right now--something that has happened to 1 in 4 we... (read more) MBS Price Change UMBS 5.0 99.85 +0.22 UMBS 5.5 101.25 +0.12 UMBS 6.0 102.44 +0.04 GNMA 5.0 100.16 +0.16 GNMA 5.5 101.16 +0.02 GNMA 6.0 101.97 -0.04 Pricing as of: 9/15 12:11PM EST US Treasury Yield Change 2 YR Treasury 3.530 -0.023 5 YR Treasury 3.597 -0.033 7 YR Treasury 3.783 -0.032 10 YR Treasury 4.034 -0.033 30 YR Treasury 4.646 -0.035 Pricing as of: 9/15 12:11PM EST Other News Case-Shiller Says Home Price Gains Slowing, Still up 5.5% Wed, Dec 26, 2018 10:59AM 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 Index which covers all nine U.S. census divisions, reported a 5.5 percent annual gain in October, unchanged fro... (read more) Another Mortgage Settlement; Shutdown Update for Lenders; Rates are low Because... Wed, Dec 26, 2018 8:54AM 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, STRATMOR tells us that, traditionally, 82% of residential production comes from 40% of the loan officers out there... (read more) 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

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.