Mortgage rates moved higher today after spending several recent days in line with the lowest levels in more than a month. Underlying bond markets have been taking their biggest cues from geopolitical developments surrounding US/Iran tensions. Those came to a head last night after Iran attacked two air bases in Iraq where US troops are stationed. The average opinion shared on the internet or TV news suggested a likelihood that this meant war. War would be good for rates and bad for stocks. Markets reacted accordingly--at least for a few hours. Things changed when we learned Trump would not address the nation until the morning and that there were no US casualties (seen as the deciding factor in US military retaliation). In today's speech, Trump effectively deescalated the situation and communications

January 8, 2020 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Under Pressure After Iran Deescalation Mortgage rates moved higher today after spending several recent days in line with the lowest levels in more than a month. Underlying bond markets have been taking their biggest cues from geopolitical developments surrounding US/Iran tensions. Those c... (read more) Housing News November Home Prices Post Highest Gains in 10 Months The pace of home price increases picked up in November, increasing by 3.7 percent on a year-over-year basis, up from 3.5 percent in October . CoreLogic said its Home Price Index (HPI) posted a monthly gain of 0.5 percent, a substantial uptick from th... (read more) Rob Chrisman Pricing, Broker, Sales Products; Missiles, Oil, Tariffs, and Brexit and Their Effect on Mortgage rates Hey, I want to buy my own house without the “nuisances” of a large down payment, difficult credit standards, massive debt, or long-term commitments. Out of California comes Fleq , which tells me that I can do exactly that. All I have to d... (read more) Housing News Homebuying Sentiment Up Sharply from 2018 Fannie Mae's Home Purchase Sentiment Index (HPSI) finished out the year with little change from November to December, but with a strong increase over the December 2018 version. Three HPSI components were up in December but those gains were offset by ... (read more) Housing News Mortgage Applications Start Year on Positive Note The Mortgage Banker Association's (MBA's) offices were closed over the two-week holiday period. The data in this week's report on mortgage applications activity is compared with that from the last published report covering the week ended December 20.... (read more) MBS Commentary MBS Live Recap: Bonds Correct Into Weaker Territory As War Risk Dies Down Top and bottom line: war is good for bonds/rates.   The risk of war had increased after last week's US attack on the Iranian general and flared further overnight after the Iranian attack on air bases in Baghdad.  By not inflicting an... (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 99.74 +0.10 Price / Yield Change MBS UMBS 5.5 99.74 +0.09 UMBS 6.0 101.53 +0.09 GNMA 5.5 99.93 +0.08 GNMA 6.0 101.42 +0.08 Pricing as of: 7/7 3:42AM EST 10 Year US Treasury 4.3250 -0.0217 Price / Yield Change US Treasury 2 YR Treasury 3.857 -0.026 5 YR Treasury 3.911 -0.025 7 YR Treasury 4.101 -0.023 10 YR Treasury 4.328 -0.019 30 YR Treasury 4.853 -0.011 Pricing as of: 7/7 3:42AM EST Latest Video Art Cashin: You're getting a 'sigh-of-relief rally' in the market President Trump: Iran appears to be standing down after missile attacks Hentov: Central bank liquidity is inoculating the markets against increased... Iran fires missiles at multiple bases housing US troops in Iraq Around the Web news.trust.org Three Katyusha rockets fall inside Baghdad's Green Zone -police sources Reuters S&P 500 hits record high as concerns fade over U.S.-Iran escalation CNBC The shortage of homes for sale is getting much worse, even in luxury Calculated Risk Blog Houston Real Estate in December: Sales up 14.7% YoY, Inventory Up 3.6%, Record Sales Year Reuters Trump says U.S. does not have to use military against Iran CNBC Why markets are ignoring the idea of a bigger conflict between the U.S. and Iran, for now CNBC The shortage of homes for sale is getting much worse, even in luxury CNBC Trump says US will hit Iran with 'punishing economic sanctions' after attacks on Iraqi bases Calculated Risk Blog Seattle Real Estate in December: Sales up 18.7% YoY, Inventory down 24.6% YoY Reuters U.S. Fed at odds with bank regulators on community lending standards Federal Reserve Brainard, Strengthening the Community Reinvestment Act by Staying True to Its Core Purpose CNBC Private payrolls total 202,000 in December, vs 150,000 estimate: ADP/Moody's Reuters Iran fires rockets at Iraqi airbase hours after funeral of slain commander

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