Mortgage rates finally moved a bit higher today after avoiding such things for nearly 2 full weeks. The losses were mild today, but nonetheless take the average lender back in line with rates from November 15th. This is more of a commentary on the narrowness of the recent range than the scope of today's weakness. Mortgage lenders will be closed on Thursday for the Thanksgiving holiday and some will be closed on Friday as well. From a rate standpoint, the market forces that underpin rate movement are severely impacted by the holiday. There is no reliable way to know if the impact will be positive or negative, simply that a decrease in the staffing levels and an increase in distraction/absences among market participants can result in some fairly random movement for rates. The takeaway is that

November 25, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Higher to Start Holiday Week Mortgage rates finally moved a bit higher today after avoiding such things for nearly 2 full weeks. The losses were mild today, but nonetheless take the average lender back in line with rates from November 15th. This is more of a commentary on the na... (read more) MBS Commentary MBS Live Recap: Uneventful Start to Short Week; New Loan Limits Tomorrow? Attempting to competently perform bond market analysis on Thanksgiving week is a dangerous game.  It will either drive a person insane(r), or simply lead to great frustration.  So I'm taking a break from past routines in favor of conducting... (read more) Rob Chrisman LO, AE Jobs; Non-QM Products; Customer Experience Trends An LO from Wyoming recently reminded me that, “At the end of the day we sell a product driven by rates.” And we may be at, or near, these rates for a while, so I hope you’re happy with them (and have great service and solid products... (read more) Housing News Loan Data Shows Making Mortgage Payments got Easier in October Mortgage prepayments continued unabated in October, even though interest rates rose during the month. In its "first look" at October loan performance data, Black Knight said the single month mortality rate (SMM) climbed another 16 percent during the ... (read more) Housing News Move Over Millennials, Gen Z is Ready for Homeownership Apparently it is time to shift our total attention from the Millennial generation. A new survey from Freddie Mac introduces the housing hopes and dreams of its successor - Generation Z. This group, defined as those Americans who are now aged 14 to 33... (read more) Housing News Mortgage Companies Score Highest Profits in Seven Years Lower interest rates translated to higher volume in the third quarter of the year, giving mortgage companies their highest profits in seven years. The Mortgage Bankers Association's (MBA's) Mortgage Bankers Performance Report says that independent mo... (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 9:57AM 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 9:57AM EST Latest Video Consumer trends look very good, economist says Trade is biggest hurdle for economy in 2020: Barclays top economist For-sale housing inventory is running out, here's why A look at the progress of the US-China trade deal Around the Web consumerfinancemonitor.com Trade groups respond to motion to dismiss lawsuit challenging Nevada law allowing applicant to rely on spouse's or former spouse's credit report Bloomberg Global Trade Momentum Rises for First Time in Four Months NAHB Eye on Housing Fewer than Half of Prospective Buyers Are Actively Looking for a Home Calculated Risk Blog Black Knight's First Look: National Mortgage Delinquency Rate Decreased in October Reuters World shares climb on trade hopes NAR - Realtor.com The 10 Cities Where It's Becoming More Affordable to Buy a Homeand 10 Where It's Not CNBC Treasury yields tick higher ahead of Powell speech CNBC Rates will continue to stay low: Eastspring Investments CNBC A 'phase two' US-China trade deal looks less likely as countries struggle to reach 'phase one' Reuters U.S. banks cram for Fed risk test, with ripple effects in repo consumerfinancemonitor.com CFPB to Assess TRID Rule's Effectiveness Calculated Risk Blog Philly Fed: State Coincident Indexes increased in 33 states in October NAR - Realtor.com Where the 2020 Presidential Candidates Stand on Affordable Housing

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