Mortgage rates added to last week's improvement with another modest drop today. That brings the average lender to the best levels in exactly 2 weeks--a welcome change after hitting the highest levels in more than 3 months on Friday November 8th. US/China trade relations have been a key source of volatility , but markets are also eager to see how economic data unfolds as 2019 draws to a close. The combination of a phase 1 US/China trade deal and reasonably resilient economic data could push rates much higher and confirm a rising rate trend for the next several months. Conversely, if the trade deal looks shaky and if economic data deteriorates, rates could take another run at the long-term lows seen in early September. This isn't a narrative that will play out today, tomorrow, or even any time

November 18, 2019 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.05%   6.13% 7.26% 15 Yr. Fixed 5.81% -0.04%   5.6% 6.59% 30 Yr. Jumbo 6.30% +0.00%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Nov 18, 2019 Lowest Mortgage Rates in 2 Weeks Mon, Nov 18, 2019 4:27PM Mortgage rates added to last week's improvement with another modest drop today. That brings the average lender to the best levels in exactly 2 weeks--a welcome change after hitting the highest levels in more than 3 months on Friday November 8th. US/China trade relations have been a key source of volatility , but markets are also eager to see how economic data unfolds as 2019 draws to a close. The combination of a phase 1 US/China trade deal and reasonably resilient economic data could push rates much higher and confirm a rising rate trend for the next several months. Conversely, if the trade d... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.05 0.00 15 Yr. Fixed 5.81% -0.04 0.00 30 Yr. FHA 6.01% -0.04 0.00 30 Yr. Jumbo 6.30% 0.00 0.00 7/6 SOFR ARM 5.89% -0.06 0.00 30 Yr. VA 6.03% -0.04 0.00 Updates Daily - Last Update: 10/31 Freddie Mac Rate Change Points 30 Yr. Fixed 6.17% -0.02 0.00 15 Yr. Fixed 5.41% -0.03 0.00 Updates Weekly - Last Update: 10/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.50 -0.06   95.05 100.11 UMBS 30YR 5.5 101.01 -0.04   97.47 101.40 10 YR Treasury 4.094 +0.018   3.932 4.780 MBS Live Recap: Small Victory as Broader Battle Continues Mon, Nov 18, 2019 4:51PM As 2019 winds down, investors have never been so broadly certain about the overall market thesis.  Unfortunately, that thesis calls for unavoidable uncertainty and the inability to clear it up very quickly.   Reason being: we need to see if global economic data is going to reverse course and make improvements.  We also need to see how the... (read more) MBS Price Change UMBS 4.5 97.48 -0.09 UMBS 5.0 99.51 -0.05 UMBS 5.5 101.02 -0.04 GNMA 4.5 97.59 -0.05 GNMA 5.0 99.66 -0.07 GNMA 5.5 100.79 -0.03 Pricing as of: 11/3 8:55AM EST US Treasury Yield Change 2 YR Treasury 3.585 +0.011 5 YR Treasury 3.698 +0.015 7 YR Treasury 3.886 +0.013 10 YR Treasury 4.093 +0.018 30 YR Treasury 4.672 +0.019 Pricing as of: 11/3 8:55AM EST Other News Homebuilder Confidence Staying Near Long-Term Highs Mon, Nov 18, 2019 2:03PM Home builder confidence fell back slightly this month, declining by 1 point to 70 in the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The dip partially reversed the index's 3-point jump in October which had carried it to its highest reading since February 2018. Derived from a monthly survey that NAHB has been conductin... (read more) CFPB Lightens Requirements for Temporary LO License Mon, Nov 18, 2019 10:12AM The Consumer Financial Protection Bureau (CFPB) has issued an Interpretive Rule for one type of loan originator licensing. The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE ACT) of 2008 established a national system for licensing and registration of loan originators which envisioned two categories of licensing, one for originators working for ... (read more) FHA Delinquencies Plummeted in Q3 Mon, Nov 18, 2019 11:54AM FHA loans posted a substantial decline in delinquencies during the third quarter, leading an overall improvement in loan performance. The Mortgage Bankers Association said its National Delinquency Survey found the non-current rate for mortgage loans on one-to-four- unit residential properties was 3.97 percent. This was 56 basis points (bps) below the rate in... (read more) Licensing, Loan Data, Non-QM Products; Customer Service Survey; No Fed Move 'til April? Mon, Nov 18, 2019 8:53AM Do you dread “Smonday?” (That’s when Sunday stops feeling like a Sunday, and the anxiety of Monday kicks in.) Here is something to dread. All this talk about MLOs losing their jobs to automation, or real estate agents losing their job to internet options. Automation, algorithms, and artificial intelligence have already reduced the amount of... (read more) Latest Video Bond ETFs are seeing huge outflows. Here's what experts are watching Homebuilder confidence edges lower in September The Fed's pause helped spur the market highs, says Invesco's Memani Chinese officials are growing pessimistic about reaching a trade deal Around the Web Calculated Risk Blog Lawler: Early Read on Existing Home Sales in October Reuters Stocks climb on Huawei extension, buoying U.S. Treasuries CNBC The Fed is on hold for now, but it might not take much to change that Calculated Risk Blog Mortgage Rates and Ten Year Yield Reuters U.S. growth outlook in 2020 improves despite trade risk: Fannie Mae CNBC 'The bond phenomenon of 2019' isn't over yet, says trader CNBC Fed says Chair Jerome Powell met with Trump, Mnuchin to discuss the economy CNBC Homebuilder confidence slips slightly in November Bloomberg The Bond Trade That's Gone From Zero to $88 Billion in Two Years builderonline.com Home Prices and Sales Volume Up and Accelerating in DFW CNBC The luxury rental market is booming. Here's what a $100,000-a-month penthouse looks like CNBC The United States' dubious privilege of being a key currency country NAHB Eye on Housing Declines in Single-Family Permits Across the Country in September

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.