Mortgage rates moved lower again today. Whereas it was a bit easier to be dismissive about recent improvements, they're starting to add up at this point. Granted, we're not talking about anything other than a return to the rates seen on November 6th, but for anyone who was rate shopping at the end of last week, that's a welcome change. As if often the case on Thursdays, there is a major discrepancy between much of today's mortgage rate news and what I'm telling you here. Specifically, whereas I'm telling you rates are lower today and as low as they've been in more than a week, the average major media outlet is saying rates are HIGHER this week. As usual (at least when it comes to rates on Thursdays), I'm right and they're wrong. Actually, I'm right in a timely way and they're right if the goal

November 14, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Are Actually LOWER This Week Mortgage rates moved lower again today. Whereas it was a bit easier to be dismissive about recent improvements, they're starting to add up at this point. Granted, we're not talking about anything other than a return to the rates seen on November 6th,... (read more) Rob Chrisman Broker, Marketing, DPA Tools; GSE Changes; Yield Curve, Employment, and Mortgage Rates Some people save $2.95 a day by making coffee at home rather than stopping at Dunkin’ or Starbucks. It adds up! Something didn’t add up for WeWork which reported this morning that it lost $1.25 billion in the 3rd quarter. I think that&rsq... (read more) Housing News Access to Conventional/Jumbo Credit Increased in October Access to government loans continues to decline, but conventional and jumbo loans picked up the slack in October, pushing the Mortgage Credit Availability Index (MCAI) higher. The Mortgage Bankers Association (MBA) said the Index grew by 0.9 percent ... (read more) Housing News Consumers Shaky Again on Whether it's a Good Time to Buy Once again the "Good Time to Buy" component of Fannie Mae's Home Purchase Sentiment Index (HPSI) is on the decline. Net positive answers to that question fell by 7 percentage points in October , helping to drag the entire index lower for the second s... (read more) Housing News Mortgage Applications Hit Recent Highs The Mortgage Bankers Association (MBA) said application activity during the week ended November 8 was the strongest since late September , with both purchasing and refinancing indices posting gains. MBA's Market Composite Index, a measure of mortgage... (read more) MBS Commentary MBS Live Recap: Bonds Make Case For a Comeback By the end of last week, although there was potentially a sliver of hope afforded by Friday's highs being slightly lower than Thursday's, it looked like bonds were punching out of the massive 2019 rally and embarking on the new trend toward highe... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.82% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.82% +0.03 0.00 15 Yr. Fixed 6.03% +0.04 0.00 30 Yr. FHA 6.35% +0.05 0.00 30 Yr. Jumbo 6.90% +0.03 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.37% +0.06 0.00 Updates Daily - Last Update: 7/11 15 Yr. Fixed Rate 6.03% +0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 6.72% +0.05 0.00 15 Yr. Fixed 5.86% +0.06 0.00 Updates Weekly - Last Update: 7/10 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries UMBS 30YR 5.5 99.33 -0.14 Price / Yield Change MBS UMBS 5.5 99.33 -0.14 UMBS 6.0 101.23 -0.03 GNMA 5.5 99.66 -0.18 GNMA 6.0 101.31 -0.07 Pricing as of: 7/12 4:39AM EST 10 Year US Treasury 4.4083 +0.0615 Price / Yield Change US Treasury 2 YR Treasury 3.901 +0.024 5 YR Treasury 3.971 +0.036 7 YR Treasury 4.179 +0.053 10 YR Treasury 4.408 +0.062 30 YR Treasury 4.955 +0.085 Pricing as of: 7/12 4:39AM EST Latest Video Fed Chair Jerome Powell testifies before US House Komal Sri-Kumar: Expect a period of lower bond yields Initial jobless claims increase by 14,000 to 225,000 United Wholesale Mortgage CEO on the state of the housing market Around the Web Reuters Fed's Kaplan says strong consumer will help the U.S. economy avoid recession in 2020 Reuters Fed's Bullard: 'More normal' yield curve bullish sign for 2020 Calculated Risk Blog Looking back: "The Cupboard is Full" Reuters Fed not focused on daily ups, downs of trade deal: Williams Reuters Fed's Powell: No 'booming' in U.S. economy that threatens to go bust Reuters U.S. fines former Deutsche Bank subprime chief over alleged mortgage fraud CNBC Powell says he doesn't see a 'day of reckoning' coming for the US anytime soon Calculated Risk Blog MBA: "Mortgage Delinquencies Fall to Lowest Level in Nearly 25 Years" consumerfinancemonitor.com This week's podcast: A look at the California Consumer Privacy Act proposed regulations Reuters U.S. producer prices rise solidly; healthcare costs increasing CNBC US jobless claims total 225,000, vs. 215,000 expected Bloomberg Trade Talks Hit Bump as China Resists U.S. Demands on Agricultural Purchases Bloomberg Fannie-Freddie Share Sales Might Come in 2022, Watchdog Says

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