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: Mortgage Rate Watch Mortgage Rates Recover With Help From an Old Friend 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 r... (read more) Housing News Annual Rent Growth Finally Turns Negative 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... (read more) Housing News Rise of The Real Estate Teams 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 ... (read more) Rob Chrisman HELOC and Digital Products; Training And Events 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... (read more) MBS Commentary MBS Live Day Ahead: Scary Technical Pattern Shaping Up For Bonds 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) Mortgage Rate Watch Mortgage Rates Back up to Recent Highs 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 ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.70 -0.15 Price / Yield Change MBS UMBS 5.5 99.72 -0.13 UMBS 6.0 101.48 -0.09 GNMA 5.5 99.91 -0.06 GNMA 6.0 101.20 -0.21 Pricing as of: 7/3 10:48AM EST 10 Year US Treasury 4.3314 +0.0516 Price / Yield Change US Treasury 2 YR Treasury 3.873 +0.085 5 YR Treasury 3.924 +0.057 7 YR Treasury 4.108 +0.052 10 YR Treasury 4.325 +0.045 30 YR Treasury 4.839 +0.030 Pricing as of: 7/3 10:48AM EST 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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