Mortgage rates began the post-holiday week by holding the same sideways posture seen last week during the slow market days surrounding Thanksgiving. Generally speaking, slow market days make for limited mortgage rate movement. The Monday following Thanksgiving is often something less than a full-fledged trading day for the investors that ultimately dictate interest rate momentum. In other words, today's absence of change isn't abnormal . There's a greater chance that we see some more movement in the coming days. That's both exciting and ominous . Rates are at something of a crossroads. Put another way, rates are knocking on a floor that used to be a ceiling. If they can make it back to the next floor down (into the range seen during the summer months), it would provide a solid indication that

November 26, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Still On Vacation Mortgage rates began the post-holiday week by holding the same sideways posture seen last week during the slow market days surrounding Thanksgiving. Generally speaking, slow market days make for limited mortgage rate movement. The Monday following Th... (read more) Housing News Can Owning a Home Still Build Wealth? "Possibly the only thing worse than a world in which homeownership doesn't work as a wealth-building tool is a world in which it does work as a wealth-building tool." That statement summarizes the argument made recently by Daniel Hertz, senior fellow... (read more) Rob Chrisman Origination, Non-QM, LO Products; U.S. Economy Continues to Chug Along I want a free vacation! I want a free fancy car in the garage in my newly-built McMansion! Apparently, due to sagging sales, with some builders I can indeed have those things, and more. Builders in many locales are proving that, regardless of which a... (read more) MBS Commentary MBS Live Week Ahead: Year-End Momentum Decisions Approaching Markets will be getting back into the swing of things (probably slowly) today after the Thanksgiving holiday.  As we discussed excessively last week, nothing about the last 3 or 4 trading days will necessarily have any bearing on how this week p... (read more) Mortgage Rate Watch Expect More Mortgage Rate Volatility in Coming Weeks Mortgage rates were every bit as flat as expected today. That's a good thing at the moment, considering we're holding in line with the lowest levels in more than a month. For the average borrower, that's roughly an eighth of a percentage point lower ... (read more) MBS Commentary MBS Live Recap: Bonds Not Panicking Despite Finding Resistance Most of today's bond market movement followed a single trade in the morning hours.  Someone with deep pockets bought a lot of 2yr Treasury debt and sold some longer-term debt in the process.  This type of "curve trade" (so named because i... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.77% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.77% -0.01 0.00 15 Yr. Fixed 6.03% -0.01 0.00 30 Yr. FHA 6.35% 0.00 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% +0.01 0.00 30 Yr. VA 6.36% 0.00 0.00 Updates Daily - Last Update: 7/22 15 Yr. Fixed Rate 6.03% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.82% +0.05 0.62 15 Yr. Fixed 6.11% +0.07 0.66 30 Yr. Jumbo 6.81% +0.12 0.39 Updates Weekly - Last Update: 7/16 MBS / Treasuries UMBS 30YR 5.5 99.50 -0.01 Price / Yield Change MBS UMBS 5.5 99.50 -0.01 UMBS 6.0 101.36 -0.04 GNMA 5.5 99.72 -0.05 GNMA 6.0 101.29 -0.04 Pricing as of: 7/23 8:35AM EST 10 Year US Treasury 4.3574 +0.0114 Price / Yield Change US Treasury 2 YR Treasury 3.843 +0.014 5 YR Treasury 3.899 +0.014 7 YR Treasury 4.112 +0.014 10 YR Treasury 4.361 +0.015 30 YR Treasury 4.930 +0.013 Pricing as of: 7/23 8:35AM EST Latest Video Recession odds appear to be increasing, says WSJ's Greg Ip Oil prices rebound after roller coaster month Boockvar: Markets got very oversold, set up fundamentally for a bounce Around the Web consumerfinancemonitor.com CFPB/Fed/OCC Increase Exemption Thresholds for Appraisal Requirement, Regs Z and M Bloomberg JPMorgan Says Plunging US Options Signal Simply Shows Caution NAR - Realtor.com To Discover an Up-and-Coming Neighborhood, Look for the Museum blog.stewart.com Oldest (and Youngest) Homeowner Average Age by Metro NAHB Eye on Housing Entry-Level Home Inventory Yields Declining New Home Size Bloomberg History Shows Fed Pause May Require More Than an SOS From Stocks Bloomberg Draghi Foresees an Italy-EU Deal, Reminds Rome of Need for Trust Calculated Risk Blog Dallas Fed: "Texas Manufacturing Expansion Continues to Moderate" CNBC 2019 will see lower returns and more volatility, bond expert says Brookings Institution Trade deal or not, the long-range prospects for US-China relations are growing more troubling Calculated Risk Blog Chicago Fed "Index Points to a Slight Increase in Economic Growth in October" NAR - Realtor.com Priced to Sell! 9 Discounted Homes Ready for Holiday Shoppers Bloomberg December Hike Gets Us Closer to Neutral, Says Bank of Singapore's Jooste

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