Mortgage rates began the day fairly well in line with the past 2 days. While it's nice to see some stability in this environment, it's not so nice that it's occurring at 4-year highs. Do we have a shot at moving much lower or should you brace for more? What warning signs should you look for to help answer that question? Much has been made in the news recently about the correlation between stocks and bonds (which dictate rates). Depending on the day, stocks are said to be falling because rates are too high or rates are said to be rising because stocks are rising. In reality, rates are largely doing their own thing, and that thing just happens to correlate with movement in stocks in general. Last week's stock crash was a different story as it did actually help interest rates catch their collective

February 13, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Ready to Move After Tomorrow's Inflation Data Mortgage rates began the day fairly well in line with the past 2 days. While it's nice to see some stability in this environment, it's not so nice that it's occurring at 4-year highs. Do we have a shot at moving much lower or should you brace for mor... (read more) Rob Chrisman Mr. Cooper Has a New Foster Parent; Why LO's Should Care About the Budget Every lender has seen rates move higher, and nearly every lender has seen the inventory of homes for sale decline. With rates moving higher, which should not be a big surprise to anyone, the press has latched on to the question of the impact of 5% mo... (read more) Housing News Home Price Increases Since 2011 More Than Triple Income Gains While home price increases softened slightly in the fourth quarter of last year, the National Association of Realtors® (NAR) said, an uptick in existing home sales further exhausted available inventories. NAR's quarterly metropolitan area housing... (read more) MBS Commentary MBS Live Day Ahead: Short-Term Rates Are Responsible For Recent Pain; Is It Over Yet? A certain reality of the recent rate spike needs to be revisited based on conversations I've had with a few clients.  Thankfully, it's pretty simple: short term rates have been pushing all rates higher.   In general, short-term rate... (read more) Housing News Storm Stricken States Now Showing Serious Delinquencies Last fall's hurricanes again dominate the CoreLogic November Loan Performance Insights Report, although the nature of the storms' influence has changed . The company says that the U.S. mortgage delinquency rate was down 0.1 percent from the previous ... (read more) MBS Commentary MBS Live Recap: Bonds Win Without Help From Stocks, But There's a Catch Today was "nice" in the highly charged sense of the word where it's meant to convey a certain acceptability and a certain absence of excellence .  Bonds didn't weaken in any disconcerting way.  They even managed to make some gains--both ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +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 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.41 -0.10 Price / Yield Change MBS UMBS 5.5 99.38 -0.12 UMBS 6.0 101.29 -0.10 GNMA 5.5 99.61 -0.17 GNMA 6.0 101.24 -0.08 Pricing as of: 7/23 12:48PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.865 +0.036 5 YR Treasury 3.921 +0.036 7 YR Treasury 4.136 +0.037 10 YR Treasury 4.381 +0.035 30 YR Treasury 4.951 +0.034 Pricing as of: 7/23 12:48PM EST Latest Video Concerns growing over rising rates and volatility, says expert Strategist: Rates will continue to grind higher. Here's why Don't make too much about rates, says strategist Around the Web Reuters Market volatility, budget deficits pose test for Fed's Powell Calculated Risk Blog NY Fed Q4 Report: "Household Debt Increased, Fifth Consecutive Year Of Positive Annual Growth" Calculated Risk Blog Demographics and GDP: 2% is the new 4% CNBC Here's where Credit Suisse sees the risk of a bear market for bonds Calculated Risk Blog Goldman: "The 2018 Inflation Rebound" NAHB Eye on Housing Most Buyers Actively Trying to Get a Home Have Been Searching for 3 Months+ CNBC Powell says Fed will be vigilant for financial stability risks Bloomberg Volatile Markets Make Tomorrow's CPI Report a Reason to Worry Federal Reserve Powell, Remarks at the Ceremonial Swearing-in CNBC Stock market's rout is not impacting the US economic outlook: Cleveland Fed's Mester CoreLogic Early-Stage Mortgage Delinquencies Dip Again in November as Hurricanes' Impact Wanes builderonline.com Refinancing A Mortgage? You Can Now Count Airbnb Income CNBC Investors cut bond market allocation to 20-year low amid fears of a 'crash'

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