Mortgage rates recovered most of yesterday's losses today, following turmoil in European financial markets. What does Europe have to do with rates in the US? A lot, actually. In fact, Europe deserves credit for most of the glacial move toward lower rates seen from early 2014 through mid-2016, and was a key ingredient of the low rate environment in 2011-2012. More recently, Europe has been heading in a more American direction when it comes to monetary policy, and that's resulted in upward pressure on rates. Most recently, investors are having some doubts about Italy's willingness to play nice with EU rules. When that happens, investors seek safety in the core of the European bond market. In other words, they buy bonds from Germany and other safe-haven countries. While US bonds aren't high on

October 18, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.20% -0.02%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Oct 18, 2018 Mortgage Rates Recover With Help From an Old Friend Thu, Oct 18, 2018 4:17PM Mortgage rates recovered most of yesterday's losses today, following turmoil in European financial markets. What does Europe have to do with rates in the US? A lot, actually. In fact, Europe deserves credit for most of the glacial move toward lower rates seen from early 2014 through mid-2016, and was a key ingredient of the low rate environment in 2011-2012. More recently, Europe has been heading in a more American direction when it comes to monetary policy, and that's resulted in upward pressure on rates. Most recently, investors are having some doubts about Italy's willingness to play nice w... (read more) Mortgage Rates Back up to Recent Highs Wed, Oct 17, 2018 6:10PM Mortgage rates moved higher at a quicker pace today, following the release of the Minutes from the most recent Fed meeting. But correlation isn't necessarily causality in this case. The Minutes provide a more detailed account of the Fed meeting that resulted in September's rate hike. That rate hike was foregone conclusion and the Fed has been a relative open book in the intervening 3 weeks. In other words, there wasn't bound to be much by way of surprises. Even so, investors are always looking for clues in this more robust snapshot of the Fed's decision-making process. As such, it has the pote... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.20% -0.02 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.69 +0.02   95.05 99.96 UMBS 30YR 5.5 101.10 +0.01   97.47 101.28 10 YR Treasury 4.029 +0.001   3.932 4.780 MBS Live Day Ahead: Scary Technical Pattern Shaping Up For Bonds Thu, Oct 18, 2018 9:44AM What is a pivot point?  In our primer on the topic, I talk mostly about levels that have repeatedly offered resistance or support to bond yields, but there's another relevant addition to the definition.  Pivot points can also be sugg... (read more) MBS Price Change UMBS 4.5 97.76 +0.07 UMBS 5.0 99.73 +0.05 UMBS 5.5 101.10 +0.01 GNMA 4.5 97.74 +0.04 GNMA 5.0 99.96 +0.13 GNMA 5.5 100.97 +0.07 Pricing as of: 10/15 6:03PM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.013 5 YR Treasury 3.619 +0.015 7 YR Treasury 3.803 +0.005 10 YR Treasury 4.031 +0.002 30 YR Treasury 4.625 -0.005 Pricing as of: 10/15 6:03PM EST Other News Annual Rent Growth Finally Turns Negative Thu, Oct 18, 2018 1:47PM Evidence is growing that the housing market is cooling, and Zillow is adding to the pile of proof. However, its contribution points more to a slowdown in the rental market than breaking any news about housing prices. The company says that annual rent growth has now slowed nationally for eight straight months and turned negative on an annual basis last month ... (read more) Rise of The Real Estate Teams Thu, Oct 18, 2018 1:44PM Anyone who has ever worked as a real estate agent will understand the real reasons behind a new finding from the National Association of Realtors® (NAR). The organization recently conducted a survey among its Realtor members to find out how many considered themselves as members of a team . The survey, conducted in July, involved a sample of 50,436 active... (read more) HELOC and Digital Products; Training And Events Thu, Oct 18, 2018 12:37PM Whether it is reducing the number of cookies in a package and keeping the price the same or putting less ounces of cereal in a box and keeping the price the same, both are ways of slyly passing on costs to consumers. In housing, the same thing can be done. It turns out that 10% of the homes in Seattle consist of a single room ! Is this 1720? (Think your job ... (read more) Latest Video Fed's Powell won't raise rates just to prove a point to Trump, former Fed g... Fed's been pretty transparent and thoughtful about unwinding, says Goldman'... Higher rates hitting both home buyers and builders Around the Web Bloomberg There's a New Bullard Rule That Finds No Need to Raise Rates CNBC Fed's Quarles says uncertainty calls for gradual U.S. rate hikes consumerfinancemonitor.com CFPB hints at possible disparate impact rulemaking Calculated Risk Blog Look Ahead to Existing Home Sales for September CNBC Trump's attacks on Fed could backfire with higher rates, former vice chairman says Bloomberg US Recession Chances in Next Two Years Top 60%, JPMorgan Says NAHB Eye on Housing Remodeling Confidence Remains Solid CNBC Leading indicators up 0.5% in September, in line with estimates Reuters Wall Street slips at open on hawkish Fed, weak industrial earnings CNBC Fed will ultimately push the US into recession, strategist says builderonline.com BMO Harris Downsizing Mortgage Lending Workforce CNBC Tech and real estate turn to the cloud to protect cities from floods CNBC US is seeing 'relentless rise in household wealth,' Credit Suisse report says

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