Mortgage rates have spent just over a week moving back up from the lowest levels in more than three and a half years. Those long-term lows came courtesy of the panic surrounding the coronavirus outbreak, which led investors to move more money into safe havens like bonds. When demand for bonds rises, rates fall, including mortgage rates. The move back up coincides with a steady decrease in the level of panic surrounding the outbreak. Global stock markets have not been shy about reversing coronavirus-related losses, with US stocks actually back to all-time highs. Chinese equities haven't made up nearly as much ground by comparison. And finally, the bond market (which dictates interest rates) isn't anywhere close to its pre-coronavirus levels. All of that having been said, rates are still moving

February 12, 2020 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Still Giving Back Coronavirus Gains Mortgage rates have spent just over a week moving back up from the lowest levels in more than three and a half years. Those long-term lows came courtesy of the panic surrounding the coronavirus outbreak, which led investors to move more money into sa... (read more) MBS Commentary MBS Live Recap: Bond Market's Simple Plan A few notes on the bond market's recent plans: First few days of 2020: Come into the new year ready for that break above 2.0% that everyone was expecting, but equally ready to react to unexpected geopolitical risk due to US/Iran conflict.&nb... (read more) Rob Chrisman LO Jobs; Sales, Marketing, Broker products; American Borrowing stat Clients want LOs to be subject matter experts on products and current events. But what do lenders know about their LOs, their originator turnover rate, or what the age bracket is of the highest producing originators? More originators change jobs in t... (read more) Housing News Refi Applications hit Seven-Year Highs on Coronavirus Fears, Lower Rates Applications for mortgage financing increased again during the week ended February 7 despite a significant decline in those for home purchases. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan applica... (read more) Housing News Renters Mistakenly Believe They're Paying Less Than Owners Renters questions in a new Freddie Mac survey expressed a rather unfortunate misconception . In its new Profile of Today's Renter and Owner , the company said it found that "An unprecedented number of renters believe renting is more affordable than o... (read more) Housing News Realtors Say Legal Weed Biz a Plus For Housing It seems as though legalized marijuana is said to be good for almost everything. Now a new study from the National Association of Realtors (NAR) has added real estate to the list. The impact is clearer when it comes to commercial properties, but agen... (read more) Mortgage Rates Mortgage Rates Still Giving Back Coronavirus Gains 30 Yr. Fixed Rate 6.29% -0.16% Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% -0.16 0.00 15 Yr. Fixed 5.60% -0.21 0.00 30 Yr. FHA 5.95% -0.08 0.00 30 Yr. Jumbo 6.25% -0.15 0.00 7/6 SOFR ARM 5.59% -0.21 0.00 30 Yr. VA 5.97% -0.08 0.00 Updates Daily - Last Update: 9/5 15 Yr. Fixed Rate 5.60% -0.21% 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 MBS / Treasuries MBS Live Recap: Bond Market's Simple Plan UMBS 30YR 5.5 101.09 -0.04 MBS Price Change UMBS 5.0 99.33 -0.14 UMBS 5.5 101.08 -0.04 UMBS 6.0 102.44 -0.04 GNMA 5.0 99.76 -0.07 GNMA 5.5 101.09 -0.04 GNMA 6.0 102.09 -0.05 Pricing as of: 9/8 12:47AM EST 10 Year US Treasury 4.0991 +0.0124 US Treasury Yield Change 2 YR Treasury 3.527 +0.009 5 YR Treasury 3.605 +0.016 7 YR Treasury 3.814 +0.014 10 YR Treasury 4.100 +0.013 30 YR Treasury 4.781 +0.012 Pricing as of: 9/8 12:47AM EST Latest Video Lot of headwinds if China factories aren't back up in next few weeks: Wells... The US economy can withstand coronavirus fears, strategist says Fmr. Federal Reserve Governor: Chairman Powell has made it clear that negat... Housing stocks nearing major milestone for first time in 14 years Around the Web CNBC WHO says new coronavirus cases in China have stabilized, but warns that could change Calculated Risk Blog Houston Real Estate in January: Sales up 15.2% YoY, Inventory Up 3.7% YoY Reuters Fed Chair Powell: 'no reason' rising wages, job gains can't continue Reuters The U.S. election in a snapshot NPR Timetable For A Vaccine Against The New Coronavirus? Maybe This Fall CNBC Watch Fed Chairman Jerome Powell testify before the Senate live CNBC Federal Reserve's Patrick Harker says interest rates should 'hold steady for a while' CNBC Bitcoin hits highest price this year, above $10,000, as Fed Chair Powell discusses cryptocurrencies CNBC Household debt jumps the most in 12 years, Federal Reserve report says Reuters Trump lashes out at Fed while Powell testifies before U.S. House committee Reuters Fed's Powell says economy in good place, warns on coronavirus Calculated Risk Blog NY Fed Q4 Report: "Household Debt Tops $14 Trillion as Mortgage Originations Reach Highest Volume since 2005" NAHB Eye on Housing Renewed Hiring in Construction

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