Mortgage rates have seen a fair amount of volatility so far this week, dropping quickly on Tuesday and moving in the opposite direction since then. Between yesterday and today, that big drop from earlier in the week has been completely erased. The result is an average conventional 30yr fixed rate that's right in line with those seen on Monday. Unfortunately, that also means today's rates are in line with their highest levels of the past 3 weeks. You'd have to go back to November 14th to see anything higher. The broader, relative range continues to offer good perspective . The average lender is still easily under 4% for top tier 30yr fixed scenarios. Perhaps even more reassuring is the fact that the gap between the highs and lows over this 3 week period is an eighth of a percentage point at

December 5, 2019 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.34% +0.06%   6.13% 7.26% 15 Yr. Fixed 5.82% +0.01%   5.6% 6.59% 30 Yr. Jumbo 6.32% +0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Dec 5, 2019 Mortgage Rates Snap Back to 3-Week Highs Thu, Dec 5, 2019 3:56PM Mortgage rates have seen a fair amount of volatility so far this week, dropping quickly on Tuesday and moving in the opposite direction since then. Between yesterday and today, that big drop from earlier in the week has been completely erased. The result is an average conventional 30yr fixed rate that's right in line with those seen on Monday. Unfortunately, that also means today's rates are in line with their highest levels of the past 3 weeks. You'd have to go back to November 14th to see anything higher. The broader, relative range continues to offer good perspective . The average lender is... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.34% +0.06 0.00 15 Yr. Fixed 5.82% +0.01 0.00 30 Yr. FHA 6.06% +0.05 0.00 30 Yr. Jumbo 6.32% +0.02 0.00 7/6 SOFR ARM 5.98% +0.09 0.00 30 Yr. VA 6.08% +0.05 0.00 Updates Daily - Last Update: 11/3 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 99.57 +0.11   95.05 100.11 UMBS 30YR 5.5 101.08 +0.08   97.47 101.40 10 YR Treasury 4.095 -0.014   3.932 4.780 MBS Live Day Ahead: Bonds Have Forgotten All About Tuesday's Trade Drama Thu, Dec 5, 2019 9:48AM Bonds took Trump at his word in the wee hours of Tuesday morning with respect to waiting until Nov 2020 (or later) to finalize a trade deal with China.  I suggested that was a silly thing to do at the time because not only was it likely a mere negotiation tactic, but there's also too great a risk his hand is forced well before then. As Thursday begins... (read more) MBS Price Change UMBS 4.5 97.53 +0.12 UMBS 5.0 99.58 +0.13 UMBS 5.5 101.09 +0.09 GNMA 4.5 97.53 +0.03 GNMA 5.0 99.80 +0.16 GNMA 5.5 100.88 +0.09 Pricing as of: 11/4 8:18AM EST US Treasury Yield Change 2 YR Treasury 3.576 -0.033 5 YR Treasury 3.697 -0.027 7 YR Treasury 3.880 -0.025 10 YR Treasury 4.089 -0.020 30 YR Treasury 4.674 -0.019 Pricing as of: 11/4 8:18AM EST Other News Access to Government Backed Mortgages Finally Improves Thu, Dec 5, 2019 10:35AM The Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) moved significantly higher in November, gaining 2.1 percent compared to October. The index measures borrower access to mortgage credit and has components for each of the major product types. A higher index number indicates that access is improving. The Index level for the mo... (read more) October's Increases Suggest a Reversal in Home Price Slump Thu, Dec 5, 2019 1:13PM After slowing for 17 months, home price gains rose 3.8 percent in July and then held nearly flat in August according to Black Knight's Home Price Index. Now the first tranche of price data for October seems to indicate a rapid shift into an acceleration of gains. The company says the rate of annual price gains during the month was 4.25 percent. This is growt... (read more) FHA 2020 Loan Limits Set Wed, Dec 4, 2019 2:43PM Federal Housing Administration (FHA) Commissioner Brian D. Montgomery has announced the loan limits for FHA forward mortgages in 2020. The limits are based on the conforming loan limis announced last week by the Federal Housing Finance Agency (FHFA) for loans acquired by Fannie Mae and Freddie Mac. That basic conforming limit will be $510,400 for most of the... (read more) Workflow, Webinar, Just-Missed Products; Vendor News; Rates Steady Thu, Dec 5, 2019 10:33AM In the lending world, folks are talking about the change in FHA loan levels . Economists and investors have their eye on debt. Have a balance on your credit card? Or a mortgage, or car loan? You're not alone. Federal, corporate and household debt worldwide stands at an unprecedented $250 trillion , nearly three times the volume of economic output. (To keep t... (read more) Latest Video Investors brace for important jobs report as uncertainty weighs on economy Trump: 'Something could happen' on December 15 regarding China trade October factory orders rise on par with expectations, at 0.3% China is fully discounted by business community: former Dallas Fed presiden... Around the Web CNBC Jobs report, consumer sentiment, Kudlow speaks: 3 things to watch for Friday Calculated Risk Blog Goldman: November Payrolls Preview consumerfinancemonitor.com Federal banking agencies and CFPB issue interagency statement on use of alternative data in credit underwriting Calculated Risk Blog November Employment Preview NAR - Realtor.com This Chart Shows Just How Much Is Stacked Against Young People Who Want to Buy a Home CNBC US trade deficit drops in October to lowest level in more than a year NAHB Eye on Housing Specialty Rooms Wanted by Millennial Home Buyers CNBC US weekly jobless claims drop to seven-month low Reuters Graphic: Gazing into the recession crystal ball NPR Despite Job Boom, More Men Are Giving Up On Work Reuters Futures rise on increased hopes of trade deal with China NAR - Realtor.com Bye-Bye, VA Loan Limits: What This Means for Veterans Buying a Home Calculated Risk Blog Black Knight: House Price Index up 0.3% in October, Up 4.3% year-over-year

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