January 11 ended the first full business week in a while and mortgage activity responded accordingly. The Mortgage Bankers Association (MBA) reported a strong rebound when, despite a government shutdown, business returned more or less to normal. MBA's Market Composite Index, a measure of mortgage loan application volume, increased 13.5 percent on a seasonally adjusted basis from the week ended January 4, reaching its highest level since last February. On an unadjusted basis, the Index was up 45 percent. Purchase mortgage applications moved higher for the sixth time in the last eight weeks, resuming the upward trajectory that was interrupted by the Christmas holidays. That index was up 9 percent on a seasonally adjusted basis to its highest level since April 2010. The unadjusted Purchase Index

January 16, 2019 Download our Mobile App: Download our Mobile App: Rob Chrisman Manufactured Home and Capital Markets Products; Radian Expands; Big Banks' Mortgage Volumes As pricing battles rage in the wholesale channel, there has been plenty of news of layoffs in residential lending over the last six months industry-wide, due to reasons like becoming more efficient, lower volumes, or fewer delinquencies, the most rec... (read more) Housing News Purchase Mortgage Applications Reach 8 Year High January 11 ended the first full business week in a while and mortgage activity responded accordingly. The Mortgage Bankers Association (MBA) reported a strong rebound when, despite a government shutdown, business returned more or less to normal. MBA'... (read more) Housing News Millionaires Cash-Out Too; Big Refis for Big Homes Somewhere in this country there are 230 homes with mortgage balances between $10 and $20 million dollars. According to a post written by Arthur Jobe in the CoreLogic Insights blog, 75 percent of them were originated since 2013, and 180 represent refi... (read more) MBS Commentary MBS Live Day Ahead: This Morning's Retail Sales Report is Emblematic of The Bond Market's Issue There will be no Retail Sales report this morning due to the government shutdown.  This provides a perfect example of the issue the bond market is currently facing.   It begins with the state of flux in the economy and in monetary ... (read more) Mortgage Rate Watch Mortgage Rates Up Slightly, But Still in Great Shape Mortgage rates rose modestly today after spending the past 2 days moving sideways. It was really yesterday's market weakness that caused today's move. Mortgage rates are most directly affected by the trading of mortgage-backed securities (MBS). When ... (read more) Housing News Builder Confidence Buoyed by Lower Rates After falling an aggregate of 12 points in November and December the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) appears to have stabilized. The HMI, a measure of home builders' confidence in the market for new... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% 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 99.92 +0.08 Price / Yield Change MBS UMBS 5.5 99.91 +0.07 UMBS 6.0 101.61 +0.05 GNMA 5.5 100.05 +0.09 GNMA 6.0 101.46 +0.05 Pricing as of: 7/3 4:45AM EST 10 Year US Treasury 4.2553 -0.0245 Price / Yield Change US Treasury 2 YR Treasury 3.772 -0.016 5 YR Treasury 3.848 -0.019 7 YR Treasury 4.035 -0.021 10 YR Treasury 4.260 -0.020 30 YR Treasury 4.786 -0.022 Pricing as of: 7/3 4:45AM EST Latest Video Banks are in best condition in decades, says analyst UK government survives no-confidence vote by thin majority January housing market index beats expectations Around the Web CNBC Student loan debt is keeping young people from buying homes, Fed study finds Calculated Risk Blog Lawler; Early Read on Existing Home Sales in December: Big Drop CNBC US labor market tightens, wages grow moderately, Fed says Reuters UK PM May wins confidence vote; now to search for Brexit consensus Calculated Risk Blog Sacramento Housing in December: Sales Down 22% YoY, Active Inventory up 36% YoY CNBC Home prices make smallest gains in nearly 4 years, but rents are hot NAR - Realtor.com Why Mortgage Lending at Wells Fargo, Chase and Citi Plunged CNBC More than 46,000 IRS employees called back to work to process refunds, calls CNBC Homebuilder sentiment turns higher in January after mortgage rates drop CNBC More jobs are posted in January than any other month, but your odds of landing one of them are lower CNBC US import prices fell 1.0% in December, vs 1.3% drop expected Reuters Guggenheim's Scott Minerd says Fed will pause to start 2019 CNBC UK leader Theresa May suffers resounding defeat on her Brexit divorce deal

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