For all practical purposes, the year is over when it comes to mortgage rate volatility. True, there is some small chance that political developments conspire to push rates just a bit higher in the next two days, but the damage would be insignificant in the bigger picture. In other words, we're looking at "all-time low " rates today versus "rates that are close enough to all-time lows that no one would really notice the difference" in the event of more negative outcomes. The catch is that these sorts of assumptions get increasingly risky as the new year commences. Especially concerning for bonds (which dictate rates) is the Georgia senate election. This has nothing to do with political opinion and everything to do with the nature of stimulus and government funding. Specifically, democrats and

January 4, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman MLO, Ops Jobs; COO Seeking Role; Subservicer, URLA, VA IRRRL, HELOC, MSR Products; Non-QM lender Rebrand Here we are on the first business day of 2021, the year of the movie Mad Max 2. (It is so much easier saying “2020” than “2021,” right?) Last year, as one industry vet wrote me, was “The Year Of The Genius” in mort... (read more) Mortgage Rate Watch Mortgage Rates Closing Out The Year at Record Lows For all practical purposes, the year is over when it comes to mortgage rate volatility. True, there is some small chance that political developments conspire to push rates just a bit higher in the next two days, but the damage would be insignificant ... (read more) Housing News Pending Home Sales Slide a Bit After Banner Year Pending home sales slid for the third straight month in November and the 2.6 percent decline was the largest of the three. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a leading indicator of sales of exist... (read more) Housing News Home Price Gains Continued Through October, Fastest Rate in 6 Years The headline for the October S&P CoreLogic Case-Shiller home price report is yet another month of escalating gains. The National Home Price Index which covers all nine U.S. census divisions posted an annual increase of 8.4 percent compared to a 7... (read more) Housing News Can a Grocery Store Really Affect Your Home's Value? As studies go, ATTOM Data Solutions Grocery Store Wars analysis is kind of silly. But at this point in this year, kind of silly is sort of welcome. Keep chickens and eggs in mind and make of this what you will. The company looked at how the proximity... (read more) MBS Commentary MBS Live Recap: Markets Back in Action, Hurrying Up and Waiting Markets Back in Action, Hurrying Up and Waiting Bonds were back in action today although you'd hardly know it based on the narrow trading range.  Stocks were much more willing to put on a show with S&... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.82% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.82% +0.03 0.00 15 Yr. Fixed 6.03% +0.04 0.00 30 Yr. FHA 6.35% +0.05 0.00 30 Yr. Jumbo 6.90% +0.03 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.37% +0.06 0.00 Updates Daily - Last Update: 7/11 15 Yr. Fixed Rate 6.03% +0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 6.72% +0.05 0.00 15 Yr. Fixed 5.86% +0.06 0.00 Updates Weekly - Last Update: 7/10 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries UMBS 30YR 5.5 99.33 -0.14 Price / Yield Change MBS UMBS 5.5 99.33 -0.14 UMBS 6.0 101.23 -0.03 GNMA 5.5 99.66 -0.18 GNMA 6.0 101.31 -0.07 Pricing as of: 7/13 2:04AM EST 10 Year US Treasury 4.4083 +0.0615 Price / Yield Change US Treasury 2 YR Treasury 3.901 +0.024 5 YR Treasury 3.971 +0.036 7 YR Treasury 4.179 +0.053 10 YR Treasury 4.408 +0.062 30 YR Treasury 4.955 +0.085 Pricing as of: 7/13 2:04AM EST Latest Video We’re a long way from getting comfortable in markets due to the pandemic: M... Chicago Fed President: It will take years to get inflation to 2% The Bond Report - 9am - January 04, 2020 Wells Fargo: Look for housing to have another good year in 2021 Around the Web CNBC British Prime Minister Boris Johnson imposes national lockdown on England to combat new Covid variant Calculated Risk Blog Update: Framing Lumber Prices More Than Double Year-over-year NAHB Eye on Housing Home Price Appreciation Continued in October CNBC Here are the issues at play in the Georgia Senate runoffs Calculated Risk Blog Seven High Frequency Indicators for the Economy CNBC Treasury yields rise to start the new year Calculated Risk Blog Schedule for Week of January 3, 2021 news.google.com Mortgage rates begin 2021 at a place no one would have believed a year ago news.google.com These are the 7 biggest tax changes for 2021 - Yahoo Finance Calculated Risk Blog Hotels: Occupancy Rate Declined 33.0% Year-over-year, 2020 Worst Year on Record Calculated Risk Blog Weekly Initial Unemployment Claims decreased to 787,000 NAHB Eye on Housing Top Posts of 2020: Largest Four-Month Lumber Price Increase in 70 Years CNBC Inflation is poised to rear its head in 2021 but may not stick around long

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