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: Mortgage Rate Watch Lowest Mortgage Rates in 2 Weeks 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/C... (read more) Housing News Homebuilder Confidence Staying Near Long-Term Highs 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 car... (read more) Housing News CFPB Lightens Requirements for Temporary LO License 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 r... (read more) Housing News FHA Delinquencies Plummeted in Q3 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 ... (read more) Rob Chrisman Licensing, Loan Data, Non-QM Products; Customer Service Survey; No Fed Move 'til April? 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 j... (read more) MBS Commentary MBS Live Recap: Small Victory as Broader Battle Continues 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 s... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 4:46PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 4:46PM EST 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

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