Mortgage rates fell modestly today, making it the 7th straight business day where they've moved in the opposite direction from the previous day. This see-saw pattern is commonly seen during periods of consolidation in the bond market (which serves as the foundation for mortgages and most other interest rates). And a consolidation is often seen during times of indecision just before markets embark on their next big move higher or lower. With many uncertainties set to be resolved by mid-March, there's a good enough chance that the recent sideways momentum in rates will give way to a bigger move. There's no way to know whether that move will be toward higher or lower rates (it will likely depend on the economic data, fiscal headlines, and Fed policy updates that have yet to be announced). For

February 19, 2019 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Feb 19, 2019 Mortgage Rates Sticking Close to Long-Term Lows Tue, Feb 19, 2019 3:47PM Mortgage rates fell modestly today, making it the 7th straight business day where they've moved in the opposite direction from the previous day. This see-saw pattern is commonly seen during periods of consolidation in the bond market (which serves as the foundation for mortgages and most other interest rates). And a consolidation is often seen during times of indecision just before markets embark on their next big move higher or lower. With many uncertainties set to be resolved by mid-March, there's a good enough chance that the recent sideways momentum in rates will give way to a bigger move.... (read more) Mortgage Rates in a Holding Pattern Fri, Feb 15, 2019 3:01PM Mortgage rates were slightly higher today, marking the 6th day in a row where they've reversed course versus the previous day. This is the sort of behavior we see when underlying financial markets are having a hard time making up their mind (or are simply waiting for something before committing to the next big move). In the case of mortgage rates, the underlying financial market is the bond market. There are specific bonds that most directly affect mortgage rates, but they are almost always moving in the same direction as other bonds anyway. That allows us to use something like the 10yr Treasu... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.22 -0.06   97.47 101.61 UMBS 30YR 6.0 102.47 -0.07   99.66 102.50 10 YR Treasury 4.065 +0.026   3.621 4.780 MBS Live Day Ahead: Trading Range on Borrowed Time Tue, Feb 19, 2019 9:12AM For all of the potential market movers that anyone can discuss so far in 2019, we really haven't seen any concerted effort to take yields higher or lower from key technical levels.  The higher of those levels was implied by late 2018 tradin... (read more) MBS Live Recap: Deceptively Relevant Econ Data But Range Prevails Fri, Feb 15, 2019 3:43PM Since Retail Sales rocked markets yesterday, perhaps bonds would be interested in responding to economic data again today?  This question seemed to have been answered when bonds apparently jumped following this morning's 8:30am economic data.  The only problem was that the data in question included NY Fed Manufacturing and Import/Export Price... (read more) MBS Price Change UMBS 5.0 99.70 -0.08 UMBS 5.5 101.24 -0.04 UMBS 6.0 102.48 -0.06 GNMA 5.0 100.02 -0.05 GNMA 5.5 101.19 +0.00 GNMA 6.0 102.13 -0.05 Pricing as of: 9/9 6:59AM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.011 5 YR Treasury 3.576 +0.014 7 YR Treasury 3.784 +0.016 10 YR Treasury 4.060 +0.021 30 YR Treasury 4.718 +0.028 Pricing as of: 9/9 6:59AM EST Other News Low Rates and Strong Jobs Numbers Bolster Builder Confidence Tue, Feb 19, 2019 10:33AM The Housing Market Index (HMI) continues to recover from the plunge it took in November and December when it dropped an aggregate of 12 points. The National Association of Home Builders (NAHB)/Wells Fargo measure of builder confidence in the market for newly-built single-family homes added another 4 points in February to the 2 it gained in January. It now st... (read more) "Homeowners are in Great Shape," Delinquencies Improve Across the Board Fri, Feb 15, 2019 3:13PM Mortgage loan delinquencies were down from the third quarter of 2018 in the fourth quarter. The Mortgage Bankers Association (MBA) said the improvements held across all loan types and all stages of delinquency although there was a slight uptick in foreclosure starts. The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased... (read more) Latest Video Hassett: Hard time believing recession this year February housing market index beats expectations How GDP can be improved, explained by Justin Wolfers Around the Web Calculated Risk Blog Lawler: Early Read on Existing Home Sales in January Calculated Risk Blog Las Vegas: Convention Attendance and Visitor Traffic Declined Slightly in 2018 Bloomberg ECB Heavy Hitters Lay Groundwork for Response to Slowdown Reuters U.S. consumers forecast more spending than a year ago: NY Fed NAHB Eye on Housing Lower Interest Rates, Rising Consumer Confidence Boost Builder Sentiment Bloomberg Weak Inflation Casts Doubt on Riksbank Rate Hikes, Analysts Say Bloomberg ECB Is Awake and Asleep at the Same Time Bloomberg The Fed's 'First, Do No Harm' Policy Is Harmful Redfin Home Price Growth Edged Up Nationally in January While the West Coast Began Seeing Red Bloomberg How the Fed Can Make a Better Dot Plot After December's Misfire Bloomberg Treasury Levels Seen as `Danger' by Templeton's Desai Reuters Fed's Mester says rates likely will need to rise a bit CNBC TREASURIES-Yields range-bound amid mixed economic data

© 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.