Mortgage rates continued pushing up to new 7-year highs today, even if only by a small margin. This is notable because the underlying bond market (the primary factor in mortgage rate movement) suggested that rates should have fallen today. The issue is that bond markets were so weak on Friday that mortgage lenders didn't have a chance to fully adjust their rate sheets to reflect the losses. As such, there were still some losses to deal with this morning, and today's modest bond market improvement wasn't quite enough to offset them. In other words, we began the day with enough of a disadvantage from Friday that it couldn't be overcome. As for today's overall bond market atmosphere, things were far calmer today, with trading levels essentially sideways for the duration. There is some potential

November 5, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Higher Still, Despite Calmer Market Mortgage rates continued pushing up to new 7-year highs today, even if only by a small margin. This is notable because the underlying bond market (the primary factor in mortgage rate movement) suggested that rates should have fallen today. The issue ... (read more) Housing News Black Knight: The Rising Toll of Rates on Refinancing, Affordability By mid-October the average interest rate for 30-year fixed rate mortgages (which at that point was at 4.85 percent) represented an increase of 85 basis points from the first of the year and 35 basis points just since August. In light of this, Black K... (read more) MBS Commentary MBS Live Day Ahead: Auctions, Elections, And The Fed Bonds had a rough week last week, more than fully erasing the rally they enjoyed as stocks sold-off in the previous week.  Today's first chart shows that bonds were quick to turn tail and head back toward previous levels, relative to the ... (read more) Rob Chrisman Events and Training; Capital Markets Products; Jobs and Announcements Remember the delinquency and foreclosure issues we had several years ago? It is still part of the biz. Hubzu, an online marketing platform, released data ranking the top 20 U.S. markets by the highest percentage of REO properties bought and sold with... (read more) Mortgage Rate Watch Mortgage Rates Rise Sharply to Fresh 7-Year Highs Mortgage rates had a bad week and an especially bad day following a much stronger-than-expected jobs report. The Employment Situation (the most important piece of labor market data and arguably the most important economic report as far as interest ra... (read more) MBS Commentary MBS Live Recap: Straightforward, Rotten Day For Bonds Today, and indeed the week in general was fairly straightforward as far as bond markets were concerned.  Today brought a fairly well anticipated jobs report.  It came out quite a bit higher than expected.  There were no noticeable d... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% 0.00 0.00 15 Yr. Fixed 5.91% 0.00 0.00 30 Yr. FHA 6.19% -0.01 0.00 30 Yr. Jumbo 6.80% 0.00 0.00 7/6 SOFR ARM 6.29% -0.04 0.00 30 Yr. VA 6.20% -0.02 0.00 Updates Daily - Last Update: 7/1 15 Yr. Fixed Rate 5.91% +0.00% 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 99.91 -0.02 Price / Yield Change MBS UMBS 5.5 99.91 -0.01 UMBS 6.0 101.58 0.00 GNMA 5.5 100.07 +0.01 GNMA 6.0 101.43 +0.02 Pricing as of: 7/1 10:15PM EST 10 Year US Treasury 4.2446 +0.0054 Price / Yield Change US Treasury 2 YR Treasury 3.772 -0.004 5 YR Treasury 3.835 -0.005 7 YR Treasury 4.019 +0.006 10 YR Treasury 4.244 +0.005 30 YR Treasury 4.768 +0.001 Pricing as of: 7/1 10:15PM EST Latest Video Top issues weighing on the Fed Midterm elections are going to be a non-event impact, says JP Morgan's Chan... ISM non-manufacturing index at 62.5 vs. 59.5 estimate Around the Web Reuters U.S. stocks edge higher ahead of midterms, Fed; dollar falls NAR - Realtor.com Renters Could Be an Emerging Swing Vote This Election Bloomberg For the Corporate Bond Market, It's Business as Usual on Election Day NAHB Eye on Housing Problems with Lot Availability Remain Widespread Reuters Lowe's shuts 51 stores in U.S. and Canada CNBC ISM non-manufacturing index hits 60.3 in October vs. 59.3 estimate Reuters Futures muted as election uncertainty, rate fears weigh Reuters China's Xi promises to raise imports amid trade row with U.S. Bloomberg Bond Traders Prepare for Week Full of Risk by Dumping Treasuries Calculated Risk Blog October Vehicles Sales: 17.5 Million NAR - Realtor.com What's 8 Feet Wide and Has an Elevator? Manhattan's Tiniest Fancy Townhouses Calculated Risk Blog Public and Private Sector Payroll Jobs During Presidential Terms Bloomberg Mortgage-Bond Carnage Shows What the Future Holds Without Fed Help

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