Mortgage rates improved by what could only be described as a token amount today. In other words, we're not talking about any major changes. In fact, mortgage rates themselves will be unchanged from Friday for almost any scenario. As is so often the case, we can only measure the change in terms of "effective rates" (which take upfront costs into consideration). In general, changes in mortgage rates are reserved for big market moves whereas upfront costs and effective rates allow for smaller changes in the overall cost of financing. The bond markets that underlie mortgage rates were closed yesterday for the Veterans Day holiday. In the meantime, the stock market lost ground rather abruptly . At times, bonds (rates) will take cues from stocks--especially when the latter is making a big move lower

November 13, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Token Improvement For Mortgage Rates Mortgage rates improved by what could only be described as a token amount today. In other words, we're not talking about any major changes. In fact, mortgage rates themselves will be unchanged from Friday for almost any scenario. As is so often the c... (read more) Housing News Homes Sales and Prices in California May Have Hit an Affordability Tipping Point It may be that California, where home prices have exploded over the last few years, has jumped the shark when it comes to affordability. CoreLogic's Andrew LePage writes in the company's Insights blog that September home sales in the state were the l... (read more) Rob Chrisman Non-QM and Construction Products; Training and Events Nationwide and at Home People vote with their feet. Some population movements are dramatic and garner headlines around the world, others not so much. “About 130,000 more residents left California for other states last year than came here from them…” acco... (read more) MBS Commentary MBS Live Day Ahead: Bonds Begin Week With Some Optimism As of last Thursday, it didn't look like traders were much interested in hearing arguments in favor of bonds.  Then, an unexpectedly healthy little rally on Friday kept hope alive going into the 3-day weekend.  Now this morning, the week ... (read more) MBS Commentary MBS Live Recap: Bonds Overcome Producer Inflation But Not The Range Interesting day today... It began with a decent overnight rally, mostly led by European bond markets.  The first big speed-bump came at 8:30am with the Producer Price Index coming in much hotter than expected.  Normally, PPI isn't much of... (read more) MBS Commentary MBS Live Recap: Best Levels in More Than a Week Ahead of CPI CPI (the Consumer Price Index) has been the most relevant economic report on the horizon since the balmy NFP report from 2 weeks back.  Reason being: NFP contained a strong wage growth component, and that always generates some fear among bond ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.38 -0.13 Price / Yield Change MBS UMBS 5.5 99.38 +0.02 UMBS 6.0 101.31 0.00 GNMA 5.5 99.65 +0.02 GNMA 6.0 101.28 +0.01 Pricing as of: 7/23 9:09PM EST 10 Year US Treasury 4.3843 +0.0383 Price / Yield Change US Treasury 2 YR Treasury 3.880 +0.002 5 YR Treasury 3.932 +0.002 7 YR Treasury 4.142 -0.001 10 YR Treasury 4.383 0.000 30 YR Treasury 4.939 -0.001 Pricing as of: 7/23 9:09PM EST Latest Video The market only cares about trade and interest rates, says Stifel managing ... Home Depot shares rise after earnings beat street Expect less pressure on the Fed next year, expert says Around the Web Calculated Risk Blog Seasonal Retail Hiring Calculated Risk Blog Goldman: Unemployment rate down to 3% in early-to-mid 2020 Reuters Oil slumps 6 percent as rout runs to 12 days on supercharged selling Reuters Deadly California wildfire grows as city of Paradise smolders Reuters Home Depot signals U.S. housing demand slowing Calculated Risk Blog CoreLogic: "Mortgage Delinquency Rate the Lowest Level in More Than 12 Years" Federal Reserve Brainard, What Are We Learning about Artificial Intelligence in Financial Services? CNBC Amazon chooses New York City, Northern Virginia for HQ2 NAHB Eye on Housing Modular and Other Non-Site Built Housing Calculated Risk Blog Small Business Optimism Index decreased in October CNBC The most expensive home ever sold at auction comes onto the block Bloomberg Bond Traders About to See If They're Underrating Inflation Risks Bloomberg Meet the Robot Who Knows How to Trade Bonds Better Than You Do

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