Mortgage rates haven't been this low for this long in years--3.5 years to be exact. Brexit was the talk of the town in the middle of 2016 and it resulted in rates very close to all-time lows for well over 3 months (all of July, Aug, Sept). Although rates aren't quite as low this time around, they average lender is still quoting 3.5% or lower on top tier scenarios. That's only happened on a consistent basis in 2016 and 2012. Moreover, the current stint is approaching a month in length. Combine that with the fact that rates haven't been over 3.875% since the middle of 2019, and the current mortgage environment is more than worthy of being viewed in the same legendary light as 2012 and 2016. In 2012 it was the European crisis and massive central bank bond buying. In 2016 it was Brexit and massive

February 20, 2020 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Back Near Multi-Year Lows Mortgage rates haven't been this low for this long in years--3.5 years to be exact. Brexit was the talk of the town in the middle of 2016 and it resulted in rates very close to all-time lows for well over 3 months (all of July, Aug, Sept). Although r... (read more) Housing News Lower Rates Helped Raise January Closing Rate The slight drop in mortgage rates in January stabilized refinance originations according to the January Origination Insight Report from Ellie Mae. The 3 basis point dip to an average rate of 3.96 percent kept the refinancing share of closed loans at ... (read more) Rob Chrisman HELOC, Construction, and Title Products; Digital Borrower Solutions Morgan Stanley buying E-Trade is causing some chatter this morning, and last night’s Democratic debate had plenty of chatter. (Some would use a stronger term than “chatter.” By the way, here’s a quick, easy quiz about which ca... (read more) Housing News A Sharp Increase in January Housing Permits Defies Predictions Residential construction data was mixed at the kick-off of the new year. Permits increased significantly while both housing starts and completions pulled back from December numbers. The U.S. Census Bureau and Department of Housing and Urban developme... (read more) Housing News Refi Applications Ebb, But The Boom Goes On Mortgage loan applications submitted during the week ended February 14 declined for the first time since mid-January. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage loan application volume, decreased 6.4 perce... (read more) MBS Commentary MBS Live Recap: Stock Selling Helped, But Bonds Were Already Rallying At the start of the overnight session (yesterday night), 10yr yields were up around 1.58%.  By 1030am ET, they'd already fallen to 1.525%.  Up until that time, we hadn't heard so much as a peep out of global equities markets even ... (read more) Mortgage Rates Mortgage Rates Back Near Multi-Year Lows 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: Stock Selling Helped, But Bonds Were Already Rallying 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 Fed's Clarida: I don't think most market participants are pricing in rate c... Index of leading indicators up 0.8% vs. 0.4% expected CBO director: Low interest rates give us time to decrease deficit White House sends annual economic report to Congress Around the Web NAHB Eye on Housing Rates on Construction Loans Continue to Drift Downward Reuters Wall Street tumbles as coronavirus fears mount Calculated Risk Blog Phoenix Real Estate in January: Sales up 18.1% YoY, Active Inventory Down 38.9% YoY CNBC Americans are fleeing the most expensive US citiesand moving to these 10 more affordable places Calculated Risk Blog Philly Fed Manufacturing Suggests Activity Increased in February CNBC Fed Vice Chair Clarida throws cold water on traders pricing in a rate cut Calculated Risk Blog Weekly Initial Unemployment Claims Increase to 210,000 NAR - Realtor.com Co-Buying: How Cash-Strapped Millennials Are Becoming Homeowners Without Family Help CNBC Goldman says market underestimating coronavirus risk: 'Correction is looking much more probable' CNBC Fed calls the coronavirus a 'new risk to global growth outlook' Calculated Risk Blog AIA: "Architecture billings continue growth into 2020" NAHB Eye on Housing Ready-Mix Concrete, Gypsum Products Lead Building Materials Prices Higher in January Calculated Risk Blog Lawler: Early Read on Existing Home Sales in January

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