Mortgage rates rose moderately today as weekend news headlines suggested some measure of de-escalation of nuclear tensions between the US and North Korea. To be sure, the news wasn't resoundingly conciliatory, but investors took solace in it nonetheless. In general, when headlines suggest the world is less likely to end by Monday, investors will be slightly more risk tolerant. One expression of risk tolerant trading in financial markets is to favor something like stocks as opposed to bonds. If there is net selling pressure on bonds, it creates net upward pressure on interest rates. This was the case this morning. In the afternoon, comments from NY Fed President Dudley (one of the 3 most important voices at the Fed) kept pressure on rates , which seemed willing to recover in the late morning

August 14, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.20% -0.02%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Aug 14, 2017 Mortgage Rates Up Slightly From Long-Term Lows Mon, Aug 14, 2017 4:29PM Mortgage rates rose moderately today as weekend news headlines suggested some measure of de-escalation of nuclear tensions between the US and North Korea. To be sure, the news wasn't resoundingly conciliatory, but investors took solace in it nonetheless. In general, when headlines suggest the world is less likely to end by Monday, investors will be slightly more risk tolerant. One expression of risk tolerant trading in financial markets is to favor something like stocks as opposed to bonds. If there is net selling pressure on bonds, it creates net upward pressure on interest rates. This was th... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.20% -0.02 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.72 +0.05   95.05 99.96 UMBS 30YR 5.5 101.09 +0.01   97.47 101.28 10 YR Treasury 4.029 +0.001   3.932 4.780 MBS Live Week Ahead: Risk of Resistance Remains; What Technicals Can Actually Tell Us Mon, Aug 14, 2017 10:32AM If you haven't seen/read my primers on various technical analysis topics, they're linked at certain points in the text below, and will be helpful in making the most of this post.  If you'd like to read them in advance, here they are: Basic Co... (read more) MBS Live Recap: CPI Threads Market-Movement Needle Fri, Aug 11, 2017 5:59PM Bond markets ultimately rallied modestly following today's much-anticipated CPI data.  This is a departure from recent norms as the last 3 reports have generated some of the biggest reactions in each of the past 3 months.  Still, the result is understandable given the lack of change in annual core inflation.  For the 3rd straight month, it... (read more) MBS Price Change UMBS 4.5 97.76 +0.07 UMBS 5.0 99.72 +0.05 UMBS 5.5 101.09 +0.01 GNMA 4.5 97.74 +0.04 GNMA 5.0 99.94 +0.11 GNMA 5.5 100.93 +0.03 Pricing as of: 10/15 6:44PM EST US Treasury Yield Change 2 YR Treasury 3.500 +0.018 5 YR Treasury 3.620 +0.016 7 YR Treasury 3.805 +0.006 10 YR Treasury 4.029 +0.001 30 YR Treasury 4.626 -0.004 Pricing as of: 10/15 6:44PM EST Other News NAHB Says Labor Shortages Worsening Mon, Aug 14, 2017 10:45AM About a month ago, the National Association of Home Builders (NAHB) seized on the May Job Openings and Labor Turnover survey (JOLTs) report as an indication that the tight construction labor market might be loosening. The report indicated a decline in the number of unfilled job openings. The shortage of skilled labor has been cited by NAHB as one reason for ... (read more) NMLS Makes Biometric Logins Mandatory Fri, Aug 11, 2017 6:16PM Citing increased fraud affecting its education and testing procedures, the Nationwide Multistate Licensing System (NMLS) is implementing a new biometric password system for use by its instruction providers. NMLS, which handles state licensing of loan officers and mortgage brokers and lenders and provides information about licensees to consumers, says the fra... (read more) PR and Subservicer Products; FHA, VA, and Ginnie Updates Mon, Aug 14, 2017 9:22AM Time passes by, and we have one week until the first total solar eclipse crossing the US from coast to coast since 1918. Football fans know that the start of the season is fast approaching. There were 786 touchdown passes in the NFL last season, and 785 of them were thrown from right arms. (The one lefty to complete a touchdown pass in 2016 was Dallas Cowboy... (read more) Latest Video Cashin: Seeing a large 'sigh of relief' rally today Do Americans care about tax reform? Closing Bell Exchange: Will markets continue on edge? Around the Web Bloomberg After a Summer Bond Binge, Signs of Angst Are Growing in the Market Market Watch S&P 500 on track for best daily gain in about 4 months NPR Our Homes May Get Smarter, But Have We Thought It Through? CNBC Homebuyers put less and less skin in the game, adding to the market's overall risk NAHB Eye on Housing Share of Builders Reporting Labor Shortages Rises Again Freddie Mac If Housing Is So Affordable, Why Doesn't It Feel That Way? CNBC US tax change proposals anger builders, real estate agents, charities CNBC US tax change proposals anger builders, real estate agents, charities The Basis Point Subprime mortgage cycle begins anew in 2017 Calculated Risk Blog The Housing Bottom and Comparing Housing Recoveries Bloomberg Bond Market Looks Expensive, Until You Factor in Threat of War Calculated Risk Blog Q3 GDP Forecasts NAR - Realtor.com The Most Popular Interior Design Styles in Each State

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