Mortgage rates were technically steady today. In fact, as of this writing, most lenders are offering slightly better terms compared to yesterday, but only by barely-detectable amounts. The afternoon brought volatility in financial markets owing to trade-related headline. That volatility isn't moving in a good direction for mortgage rates at the moment. The takeaway is that, all other things being equal, lenders will be offering slightly weaker terms tomorrow morning, assuming they don't see quite enough weakness to adjust today's offerings with only a few hours left in the day. Combine the volatility risk with the fact that rates are still very close to their lowest levels since last April, and this is still a compelling opportunity for potential homebuyers or owners interested in refinancing

January 17, 2019 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Jan 17, 2019 Mortgage Rates Holding Ground But Volatility Could Increase Thu, Jan 17, 2019 3:28PM Mortgage rates were technically steady today. In fact, as of this writing, most lenders are offering slightly better terms compared to yesterday, but only by barely-detectable amounts. The afternoon brought volatility in financial markets owing to trade-related headline. That volatility isn't moving in a good direction for mortgage rates at the moment. The takeaway is that, all other things being equal, lenders will be offering slightly weaker terms tomorrow morning, assuming they don't see quite enough weakness to adjust today's offerings with only a few hours left in the day. Combine the vol... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.28 +0.16   97.47 101.61 UMBS 30YR 6.0 102.54 +0.05   99.66 102.54 10 YR Treasury 4.039 -0.047   3.621 4.780 MBS Live Recap: Trade Headlines Provide Sneak Peak for Bond Market Vulnerability Thu, Jan 17, 2019 4:01PM The Wall St Journal ran a story this afternoon suggesting Treasury Secretary Mnuchin was pushing for a compromise deal to ease Tariffs on China in order to grease the skids for trade talks.  As a result, stocks and bonds lost their cool --relatively.  Case in point, in the 30 minutes following the headline, nearly 350k 10yr Treasury futures contra... (read more) MBS Live Day Ahead: There Are Only So Many Ways To Say It Thu, Jan 17, 2019 9:00AM Unless you've missed the past few days of commentary, you've heard me say something about the sideways uncertainty in markets as investors wait for a government shutdown resolution.  There are only so many ways to say it.  So I'll let someo... (read more) MBS Live Recap: Bonds Looking Reluctant to Make Bigger Moves Without Data Wed, Jan 16, 2019 5:01PM Today would have been Retail Sales day were it not for the government shutdown.  This also prevented Business Inventories from reporting (not an insignificant piece of data even if not on par with Retail Sales).  Tomorrow will see the New Residential Construction numbers (housing starts and building permits) stay silent due to the shutdown. ... (read more) MBS Price Change UMBS 5.0 99.78 +0.31 UMBS 5.5 101.28 +0.16 UMBS 6.0 102.54 +0.05 GNMA 5.0 100.07 +0.24 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.18 +0.05 Pricing as of: 9/8 6:21PM EST US Treasury Yield Change 2 YR Treasury 3.487 -0.030 5 YR Treasury 3.562 -0.027 7 YR Treasury 3.768 -0.032 10 YR Treasury 4.039 -0.047 30 YR Treasury 4.690 -0.079 Pricing as of: 9/8 6:21PM EST Other News Will New FHFA Head Follow his Instincts or Bow to Reality? Thu, Jan 17, 2019 8:12AM "The most important question in housing policy heading into the new year has nothing to do with interest rates, housing supply, or home sales," Urban Institute (UI) non-resident fellow Jim Parrott says. "It's what kind of director of the Federal Housing Finance Agency (FHFA) Mark Calabria will be ." Calabria has been named to replace Melvin Watt as director ... (read more) Subservicer, Non-Agency Products; World Debt Increasing; Primer on "Duration" and Mortgage Pricing Thu, Jan 17, 2019 9:41AM Time has a way of slipping by. For example, I’ve really been meaning to transfer a bunch of Lotus 1-2-3 and Quattro Pro spreadsheets I have off of some floppy disks and onto my laptop but never seem to get around to it. Speaking of time passing, Moody’s send out a warning that if the partial US government shutdown (PUGS) continues it could create... (read more) Latest Video Treasury official: No recommendations made on tariffs Huge increase in mortgage refinancing, says BB&T CEO Here's how economists are getting data during the shutdown Around the Web Calculated Risk Blog California Existing Homes in December: Sales Down 12% YoY, Inventory Up 31% Bloomberg Inflation Is Flagging in European Capital of Negative Rates CNBC US weighs lifting trade tariffs against China: DJ, citing sources consumerfinancemonitor.com Minnesota federal court decision is warning to lead generators CNBC California's housing affordability crisis looms over the state's problems with teachers CNBC 70,000 low-income renters at risk as shutdown puts assistance programs in jeopardy NAHB Eye on Housing Remodelers' Confidence Holds Relatively Steady in Fourth Quarter Calculated Risk Blog Philly Fed Mfg "Continued to Grow" in January Calculated Risk Blog Weekly Initial Unemployment Claims decreased to 213,000 Reuters Trading operations stung banks in fourth quarter but dovish Fed fuels hope CNBC The mortgage industry isn't ready for a foreclosure crisis created by climate change The Basis Point Price Cuts on New Construction Homes Becoming More Common CNBC Student loan debt is keeping young people from buying homes, Fed study finds

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