Mortgage rates didn't move today, despite a fair amount of underlying market volatility. Rates are able to weather the sorts of storms you hear about in the stock market in part due to the diminishing returns of stock market drama on the bond market. Along those same lines, the bonds that underlie mortgages specifically don't tend to react to stocks as much as mainstream bonds like US Treasuries. Holding steady today means that rates remain at their lowest levels in just over 2 weeks. That sounds like a good thing, but the catch is that we really haven't moved too far from recent highs during that time, and those are the highest highs in more than 7 years. The rest of the week keeps the volatility potential high . There are several important economic reports, culminating in Friday's big jobs

October 29, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Oct 29, 2018 Mortgage Rates Stay Near Recent Lows as Busy Week Begins Mon, Oct 29, 2018 4:22PM Mortgage rates didn't move today, despite a fair amount of underlying market volatility. Rates are able to weather the sorts of storms you hear about in the stock market in part due to the diminishing returns of stock market drama on the bond market. Along those same lines, the bonds that underlie mortgages specifically don't tend to react to stocks as much as mainstream bonds like US Treasuries. Holding steady today means that rates remain at their lowest levels in just over 2 weeks. That sounds like a good thing, but the catch is that we really haven't moved too far from recent highs during ... (read more) Mortgage Rates Fall to 2-Week Lows Amid Stock Rout Fri, Oct 26, 2018 2:08PM Mortgage rates fell decisively today--at least in the context of the recent range--thanks primarily to heavy losses in the stock market. Stocks are far from the only consideration for interest rates, and many times, there's no correlation between the two on any given trading day. But when stocks are losing ground quickly, investors seek shelter in several safer places--one of them being the bond market. More demand for bonds means lower rates. All of the above having been said, over the past two days, I've made it a point to talk about the inconsistent behavior between mortgage rates and bond ... (read more) 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 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 UMBS 30YR 5.5 101.26 -0.02   97.47 101.61 UMBS 30YR 6.0 102.50 -0.04   99.66 102.50 10 YR Treasury 4.048 +0.009   3.621 4.780 MBS Live Week Ahead: Who's Going to Blink First? Mon, Oct 29, 2018 10:04AM Core global bond markets--led by German Bunds and US Treasuries--have been trending lower fairly reliably.  For European bonds, that rally has occupied most of the month whereas the US version is only really a week old.  The latter is ... (read more) MBS Live Recap: Not Complaining, But Wishing it Could be Something Else Fri, Oct 26, 2018 5:42PM Interest rates that have generally been rising for a any period of time can catch a break for many reasons.  Sometimes it's Italian political drama (not that this is common, but it was a big deal in May 2018), and other times, it's a old-fashioned stock sell-off.  This week it was the latter. Time and again when big stock sell-offs help rates b... (read more) MBS Price Change UMBS 5.0 99.73 -0.05 UMBS 5.5 101.25 -0.03 UMBS 6.0 102.49 -0.05 GNMA 5.0 100.04 -0.03 GNMA 5.5 101.20 +0.01 GNMA 6.0 102.14 -0.04 Pricing as of: 9/9 2:15AM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.011 5 YR Treasury 3.573 +0.011 7 YR Treasury 3.777 +0.009 10 YR Treasury 4.050 +0.011 30 YR Treasury 4.697 +0.006 Pricing as of: 9/9 2:15AM EST Other News NAR Survey Catalogs Changes in Home Buyer Characteristics Mon, Oct 29, 2018 1:29PM The National Association of Realtors® (NAR) says its 2018 Profile of Home Buyers and Sellers confirms that student debt balances are an increasing concern and that single, female buyers are still a powerful force in homebuying. The report, the result of an annual survey NAR conducts among recent homebuyers and sellers, identifies other housing trends inc... (read more) Compliance, Broker, and App Products; Legal News from PrimeLending and Lehman Mon, Oct 29, 2018 8:59AM We have a whole generation of home buyers who have never seen a 5% mortgage rate, and interesting thought. We’re not in the “An ARM is better” territory, but lenders are certainly up for offering their clients all options that will help close the deal. The Mortgage Bankers Association forecasts $1.2 trillion in purchase mortgage origination... (read more) Latest Video Headline risk on tariffs is mostly behind us in all cases, but China, says ... Santelli Exchange: Interest rate differentials underscore central bank exit... Current economic and market cycles will probably last the next 3-5 years, s... Around the Web Reuters Wall Street falls on fresh China tariff worries CNBC Fed reportedly ready to change more banking regulations CNBC The Fed may have to make an important adjustment to the way it's raising rates builderonline.com Costs Spike Nationwide After Housing Fires Calculated Risk Blog Q3 2018 GDP Details on Residential and Commercial Real Estate The Basis Point What Happens WHEN We Wake Up To This Amazon Mortgage Headline? Calculated Risk Blog Dallas Fed: "Texas Manufacturing Continues to Expand, but Pace Slows" CNBC 4 gig economy trends that are radically transforming the US job market NAHB Eye on Housing Sale and Contract Prices per Square Foot in 2017 Bloomberg Americans Save Less to Sustain Spending as Income Gains Cool CNBC US Treasury yields move higher as investors await economic data, auctions NAR - Realtor.com Sick of Renting? Here Are the Top Buyer's Bargains in America's Biggest Cities Bloomberg Five Potential Triggers for Market Bottom

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