Mortgage rates jumped a bit today, as lenders got caught up with the bond market movements from last Friday. It's fair to wonder why they wouldn't have done this yesterday. The reason has to do with the timing of market movement and the threshold for lenders to make mid-day rate sheet changes. If bond markets move enough during the day, mortgage lenders will make mid-day changes. If the movement happens late enough or isn't clearly past the typical threshold, lenders will wait for the following business day to make the adjustments. The latter was the case on Friday and the "following business day" was Tuesday/yesterday due to the MLK holiday. But bond markets gained some ground yesterday--enough to keep rates relatively unchanged. Fast forward to this morning and bonds were back to the levels

January 23, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Up to New Highs For 2019 Mortgage rates jumped a bit today, as lenders got caught up with the bond market movements from last Friday. It's fair to wonder why they wouldn't have done this yesterday. The reason has to do with the timing of market movement and the threshold for... (read more) MBS Commentary MBS Live Recap: Volatility Inside a Range; Still Waiting For "Something" There are several "somethings" that could prove inspirational for bond markets at the moment.  The biggest among those continues to be any major shift in the stock market.  Specifically, if stocks move to threaten recent lows or challenge... (read more) Rob Chrisman Sales Products and Webinars; Freedom Joins FHA/VA Pricing Competition The wholesale pricing wars continue, the latest salvo from Freedom Mortgage in the FHA & VA stadium (see below). Fans of FHA lending, who tend to bristle at the suggestion that the program is “subprime redux,” pay careful attention to... (read more) Housing News Prolonged Shutdown Could be Trouble for Housing Fannie Mae does not expect a lasting impact from the current partial government shutdown, at least if it is over soon. In its January Economic Developments report, the company's Economic and Strategic Research (ESR) Macroeconomic Forecast Team again ... (read more) Housing News FHFA Home Prices See No Slowdown The Federal Housing Finance Agency (FHFA) said its November Housing Price Index recorded an 0.4 percent gain compared to October. The October increase, previously reported at 0.3 percent, was revised to 0.4 percent as well. FHFA numbers, which are ca... (read more) MBS Commentary MBS Live Day Ahead: Unfriendly Trends in Stocks and Bonds, But For How Long? Bond yields and stock prices are beginning the day in moderately higher territory than yesterday.  This keeps a negative trend intact for bonds (both in terms of the higher bond yields themselves as well as the higher stock prices that have gone... (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 99.49 -0.02 Price / Yield Change MBS UMBS 5.5 99.50 -0.01 UMBS 6.0 101.36 -0.04 GNMA 5.5 99.72 -0.06 GNMA 6.0 101.28 -0.04 Pricing as of: 7/23 8:17AM EST 10 Year US Treasury 4.3649 +0.0189 Price / Yield Change US Treasury 2 YR Treasury 3.844 +0.015 5 YR Treasury 3.898 +0.013 7 YR Treasury 4.112 +0.014 10 YR Treasury 4.359 +0.013 30 YR Treasury 4.922 +0.006 Pricing as of: 7/23 8:17AM EST Latest Video Federal workers face second round of missed paychecks on Friday How the affordability crisis is impacting the housing market Jamie Dimon: If the US fixes its issues, the economy can grow up to 3% Around the Web Reuters Wall Street mixed as shutdown, trade tensions dampen upbeat earnings CNBC Recession fears are spreading, but Goldman Sachs says don't worry CNBC Forget home equity: Here's how homeowners are paying for that new kitchen NAR - Realtor.com No Pay Stub? No Problem. Unconventional Mortgages Make a Comeback Calculated Risk Blog AIA: "Architecture billings slow, but close 2018 with growing demand" CNBC More homes are for sale, but fewer are affordable CNBC More homes are for sale, but fewer are affordable Calculated Risk Blog Richmond Fed: "Fifth District Manufacturing Activity Was Soft in January" CNBC Buying or selling a house? Ask your agent if they working in your best interest Reuters Senate sets votes but U.S. shutdown likely to go on CNBC ECB shouldn't change policy now amid trade war and Brexit concerns, bank CEO says wsj.com No Pay Stub? No Problem. Unconventional Mortgages Make a Comeback techcrunch.com Millions of bank loan and mortgage documents have leaked online

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