Mortgage rates moved moderately higher today, but remained well within the range that's been intact for at least a month now. During that time, the average conventional 30yr fixed rate quote hasn't moved more than an eighth of a percentage point (0.125%). Contrast that to some of the more volatile individual days for the bond market which have resulted in that much movement in the space of a few hours. Interestingly enough, several days during that time have actually come close to that level of volatility, but the trick is that subsequent days were quick to push back in the other direction (thus keeping the range narrow despite moderately high volatility from day to day). At the moment, rates are arguably best described as being in a mild uptrend over the past few weeks. When it comes to planning

December 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 Dec 18, 2019 Mortgage Rates Drifting Tentatively Higher Wed, Dec 18, 2019 4:10PM Mortgage rates moved moderately higher today, but remained well within the range that's been intact for at least a month now. During that time, the average conventional 30yr fixed rate quote hasn't moved more than an eighth of a percentage point (0.125%). Contrast that to some of the more volatile individual days for the bond market which have resulted in that much movement in the space of a few hours. Interestingly enough, several days during that time have actually come close to that level of volatility, but the trick is that subsequent days were quick to push back in the other direction (th... (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 99.56 +0.01   95.05 100.11 UMBS 30YR 5.5 101.06 -0.01   97.47 101.40 10 YR Treasury 4.076 -0.020   3.932 4.780 MBS Live Day Ahead: Revisiting What We Mean by 'Month-End' Wed, Dec 18, 2019 9:18AM With trading activity rapidly winding down and with the end of the year rapidly approaching, rather than send you a forced rehash of the same old commentary from the past few days (seriously, yesterday's comments are just as relevant today), I will instead send you a carefully-selected rehash from the MBS Live knowledge base.  I know when I post knowled... (read more) MBS Price Change UMBS 4.5 97.56 +0.06 UMBS 5.0 99.56 +0.01 UMBS 5.5 101.06 -0.01 GNMA 4.5 97.65 +0.04 GNMA 5.0 99.73 +0.05 GNMA 5.5 100.82 -0.03 Pricing as of: 11/3 2:18AM EST US Treasury Yield Change 2 YR Treasury 3.574 -0.034 5 YR Treasury 3.683 -0.035 7 YR Treasury 3.873 -0.025 10 YR Treasury 4.076 -0.020 30 YR Treasury 4.653 -0.004 Pricing as of: 11/3 2:18AM EST Other News Mortgage Apps Reflect Seasonal Slowdown Wed, Dec 18, 2019 8:08AM The volume of mortgage applications retreated this past week, giving back most of the gains scored during the week ended December 6 following the Thanksgiving week lull. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of loan application volume, decreased 5.0 percent on a seasonally adjusted basis during the week ended Decem... (read more) Home Building Defies Expectations, Up 11% From 2018 Tue, Dec 17, 2019 10:37AM The numbers for November residential construction permits and housing starts came in higher than expected , marking the second straight month of increases and putting the rate for both well ahead of last year. Housing completions were down significantly but still maintained a year-over-year edge. The Census Bureau and the Department of Housing and Urban Deve... (read more) Builder Confidence Highest in Two Decades Mon, Dec 16, 2019 10:41AM Home builders ended the year with an apparent outbreak of euphoria. Responding to higher trending sales and low interest rates they sent the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) soaring to its highest reading since June 1999. NAHB said the December HMI, a measure of builder confidence in the market for new homes... (read more) Sales, Broker, Regulatory Tools; Lenders React to Taxpayers First Act Paperwork; Rates Quiet Wed, Dec 18, 2019 8:57AM My background is in capital markets, with a razor-sharp mind for figures. Not anymore. Remember when you’d have dozens of phone numbers memorized? Now the only phone number I remember is 867-5309, Jenny’s. (For anyone under the age of 40, or over 65, ask someone about the reference.) For anyone with a sharp mind predicting doom and gloom about ou... (read more) Latest Video Santelli Exchange: Economic fairy dust Fannie Mae boosts 2020 housing forecast Fed fear has shifted from high inflation to what if the lower rates don't w... Watch CNBC's full interview with New York Fed president John Williams Around the Web blog.stewart.com The Three Bears Paradox on Housing Construction Too Much, Too Little or Just Right Reuters Exclusive: Freddie Mac offers early retirement to 25% of workforce - sources Calculated Risk Blog Phoenix Real Estate in November: Sales up 7.0% YoY, Active Inventory Down 20.7% YoY NAR - Realtor.com Mansion Tax May Be Headed to Boston Next NAHB Eye on Housing Share of New Homes with Patios Edges Up Again CNBC The thing that freaked everyone out about a recession is now moving in the opposite direction Calculated Risk Blog Lawler: Early Read on Existing Home Sales in November CNBC NY Fed's Williams says it would take a 'material' change in economy for Fed to adjust stance NAHB Eye on Housing Absorption Rate Up Slightly for Apartment in Second Quarter Redfin iBuyers Purchased Over 10% of Homes in 8 Neighborhoods This Year CNBC Fannie Mae boosts 2020 housing forecast 'significantly' Reuters Fed's Brainard: Facebook's Libra faces 'core set' of regulatory hurdles Calculated Risk Blog CAR on California November Housing: Sales up 5.6% YoY, Inventory down 22.5%

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