In the world of interest rates, it's good to be a mortgage today . The dominant species on that world is US Treasuries: the quintessential dollar-based loans (after all, they are loans to the US government). Loaning dollars to the entity responsible for the dollar is about as foundational as it gets, but I digress. Treasuries and mortgage rates tend to move in the same direction and by generally similar amounts. That's because mortgage rates are based on underlying bonds (mortgage-backed securities or "MBS") that are fairly similar to Treasuries in most of the ways investors care about. The prices of MBS dictate where lenders can and should set their interest rates, but ultimately, it's up to the lender. If they're flush with business and want to slow things down, they might set rates a bit

February 4, 2020 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Digging Deeper Into Multi-Year Lows In the world of interest rates, it's good to be a mortgage today . The dominant species on that world is US Treasuries: the quintessential dollar-based loans (after all, they are loans to the US government). Loaning dollars to the entity responsible ... (read more) Housing News How Lenders Plan to Find and Retain Customers (And How That Might Change) Almost 200 senior mortgage lenders told Fannie Mae about their plans to both acquire and keep customers through the company's Fourth Quarter Mortgage Lender Sentiment Survey. Mortgage lenders cited a number of channels and strategies and ranked them ... (read more) MBS Commentary MBS Live Day Ahead: Dangerous Day For Bonds: What's Behind The Drama? In many respects, the market response to the coronavirus outbreak has been able to take cues from past experience with SARS in 2002/2003.  In many other respects, markets are flying blind due to substantial differences between the past and prese... (read more) Housing News Home Price Gains at Entry Level Vex First-Time Buyers Home price increases, as measured by CoreLogic's Home Price Index (HPI) continued to pick up speed in December on an annual basis. However, they pulled back a bit from the sudden surge they had displayed in November. The HPI, which includes distresse... (read more) Rob Chrisman MLO Jobs; Non-QM, Vendor Products; Conventional Conforming Product Shifts Fitness instructor: “Have you ever done a marathon?” Me: “You mean like on Netflix?” Both take stamina (of some sort), as does merely looking at the U.S. Debt Clock website that Kim G. reminded me continues to click along. Ori... (read more) Housing News Total Construction Spending Essentially Unchanged in 2019 Total construction spending ended 2019 down slightly from the prior year. The U.S. Census Bureau said the total value of construction, both public and private, put in place during the year was $1.304 trillion compared to $1.307 trillion in 2018, an 0... (read more) Mortgage Rates Mortgage Rates Digging Deeper Into Multi-Year Lows 30 Yr. Fixed Rate 6.28% -0.01% 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 15 Yr. Fixed Rate 5.65% +0.05% 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 Day Ahead: Dangerous Day For Bonds: What's Behind The Drama? UMBS 30YR 5.5 101.23 +0.10 MBS Price Change UMBS 5.0 99.70 +0.23 UMBS 5.5 101.25 +0.13 UMBS 6.0 102.50 +0.02 GNMA 5.0 100.07 +0.25 GNMA 5.5 101.23 +0.11 GNMA 6.0 102.15 +0.02 Pricing as of: 9/8 2:09PM EST 10 Year US Treasury 4.0618 -0.0249 US Treasury Yield Change 2 YR Treasury 3.495 -0.023 5 YR Treasury 3.575 -0.014 7 YR Treasury 3.782 -0.018 10 YR Treasury 4.057 -0.030 30 YR Treasury 4.712 -0.057 Pricing as of: 9/8 2:09PM EST Latest Video Fed rate cut in 2020 now possible as coronavirus spreads: Top economist It's too early for markets worry about the Democratic nominee: Pimco's Cant... Santelli Exchange: Economic indicators and the yield curve Reports of coronavirus test shortages in China leads to diagnosing challeng... Around the Web NAHB Eye on Housing Demand for Construction Loans Slowed at End of 2019 CNBC Ex-Fed chair Janet Yellen: Coronavirus poses 'risk' to global economy, but previous epidemics had little influence CNBC Millennials are projected to buy the most houses this yearthis is how they can prepare for it Reuters Explainer: What went wrong at the Iowa caucuses Reuters Travel restrictions could cost U.S. $10.3 billion in Chinese visitor spending Reuters U.S. factory orders post largest increase in nearly one and a half years Reuters Wall Street recovery continues on China stimulus measures Calculated Risk Blog BEA: January Vehicles Sales increased to 16.8 Million SAAR CNBC Fed's Bostic says new virus hasn't changed his outlook Calculated Risk Blog NMHC: Apartment Market Tightness Index Decreased in January NAHB Eye on Housing Private Residential Construction Spending Rises for the Sixth Consecutive Month Reuters U.S. banks keep business loan standards unchanged in fourth quarter Calculated Risk Blog Update: Framing Lumber Prices Up Year-over-year

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