Rates Rise After Jobs/Powell; Refi Outlook Not So Good Despite Recent Rate Drop

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30 Year Fixed

                                                                4.54%
                                                                  
                                                                +0.10

15 Year Fixed

                                                                4.11%
                                                                  
                                                                +0.06

10YR Treasury

                                                                2.67%
                                                                  
                                                                +0.1160

FNMA 30YR 3.5

                                                                100.08
                                                                  
                                                                -0.56

FNMA 15YR 2.5

                                                                99.91
                                                                  
                                                                -0.39

View Today's Rates

Friday January 4, 2019

Mortgage Rate Watch - 4:42PM

Mortgage Rates Erase Yesterday's Drop After Jobs Report

Mortgage rates hit the lowest levels in nearly a year as of yesterday afternoon. In general, they've had a one track mind for the better part of two months. Today brought the first ...

MND NewsWire - 11:34AM

Another Dim Outlook for Refinancing

Refinancing activity has probably held up better than expected as interest rates have risen. Refinance applications accounted for more than 40 percent of the total in each of the Mortgage ...

Pipeline Press - 9:19AM

Non-QM, Joint Venture Products; Agency Shutdown News; Flat Rates in 2019?

Some view the end of one year and the beginning of another as an artificial construct, created by human intervention. Others take careful note of what happened during the year. For ...

MBS Commentary - 9:19AM

MBS Day Ahead: Huge Jobs Report Guarantees One of Two Clear Messages For Bonds

It's no secret that the bond market has been on a tear for more than a month. 10yr Treasury yields dropped more than 30 basis points (0.30%) in December alone and quickly added to those ...

Latest Video

One rate hike seems more likely in 2019, says strategist

Former treasury official: Participation rate shows that Fed missed the mark

Yields will be low in the first half of 2019 then rise, strategist says

More News from 'Around the Web'

Reuters - 4:40PM
Powell to markets: Fed is flexible and aware of risks
CNBC - 4:39PM
Rent, mortgage payments are hard to meet for workers entangled in the government shutdown
Calculated Risk Blog - 3:02PM
How can the unemployment rate increase if the economy is adding so many jobs?
www.consumerfinancemonitor.com - 2:09PM
CFPB Announces Opening of HMDA Data Filing Period
CNBC - 1:48PM
The top 10 US cities where rents have increased the most
www.realtor.com - 12:12PM
More First-Time Home Buyers Are Turning to the Bank of Mom and Dad
Reuters - 11:00AM
Fed Chair Powell says he would not resign if asked
CNBC - 10:34AM
Powell says Fed 'wouldn't hesitate' to tweak balance sheet reduction if it was causing problems
CNBC - 8:37AM
Job Growth Surges by 312,000 in December
CNBC - 8:15AM
Cleveland Fed President Loretta Mester: Our 2019 forecast of two rate hikes all depends on how the economy will perform
Reuters - 8:09AM
Powell's plain English Fed may need more nuance: ex-official

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.54%

+0.10

15 Yr FRM

4.11%

+0.06

FHA 30 Year Fixed

4.17%

+0.05

Jumbo 30 Year Fixed

4.32%

+0.03

5/1 Yr ARM

4.40%

+0.03

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

4.15%

1.16

-0.02

30 Yr. Fixed

4.78%

1.15

+0.01

MBA **

30 Yr. Fixed

4.96%

0.49

-0.01

15 Yr. Fixed

4.39%

0.50

+0.01

30 Yr. Jumbo

4.93%

0.31

+0.01

30 Yr. FHA

4.95%

0.80

+0.01

5/1 ARM

4.24%

0.48

+0.02

Freddie Mac **

30 Yr. Fixed

4.51%

0.50

-0.04

15 Yr. Fixed

3.99%

0.40

-0.02

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

3.98%

0.20

-0.02

Current Mortgage Rates »

* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.

Secondary Markets

MBS

Price

Change

30YR FNMA 3.0

97.64

-0.72

30YR FNMA 3.5

100.08

-0.56

30YR GNMA 3.0

98.80

-0.53

30YR GNMA 3.5

100.81

-0.52

15YR FNMA 3.0

99.91

-0.39

15YR FNMA 2.5

97.88

-0.44

Treasuries

Yield

Change

2 YR

2.4978%

+0.1192

5 YR

2.5008%

+0.1462

10 YR

2.6677%

+0.1160

30 YR

2.9810%

+0.0777

Prices as of: 1/4/2019 5:06PM EST

Current MBS / Treasury Prices »

MBS and Treasury data provided by Thomson Reuters.

Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information.

Secondary Marketing Managers:
If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice.

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