Mortgage rates began the post-holiday week by holding the same sideways posture seen last week during the slow market days surrounding Thanksgiving. Generally speaking, slow market days make for limited mortgage rate movement. The Monday following Thanksgiving is often something less than a full-fledged trading day for the investors that ultimately dictate interest rate momentum. In other words, today's absence of change isn't abnormal . There's a greater chance that we see some more movement in the coming days. That's both exciting and ominous . Rates are at something of a crossroads. Put another way, rates are knocking on a floor that used to be a ceiling. If they can make it back to the next floor down (into the range seen during the summer months), it would provide a solid indication that

November 26, 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 Nov 26, 2018 Mortgage Rates Still On Vacation Mon, Nov 26, 2018 3:59PM Mortgage rates began the post-holiday week by holding the same sideways posture seen last week during the slow market days surrounding Thanksgiving. Generally speaking, slow market days make for limited mortgage rate movement. The Monday following Thanksgiving is often something less than a full-fledged trading day for the investors that ultimately dictate interest rate momentum. In other words, today's absence of change isn't abnormal . There's a greater chance that we see some more movement in the coming days. That's both exciting and ominous . Rates are at something of a crossroads. Put ano... (read more) Expect More Mortgage Rate Volatility in Coming Weeks Fri, Nov 23, 2018 2:59PM Mortgage rates were every bit as flat as expected today. That's a good thing at the moment, considering we're holding in line with the lowest levels in more than a month. For the average borrower, that's roughly an eighth of a percentage point lower than 2 weeks ago, when rates were near 8-year highs. The Thanksgiving week is typically uneventful for the bond markets that underlie mortgage rates, largely due to inconsistent participation among traders and other people in the supply chain for rates. The pace tends to pick up in the following week and especially in the first week of December as ... (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: Year-End Momentum Decisions Approaching Mon, Nov 26, 2018 9:14AM Markets will be getting back into the swing of things (probably slowly) today after the Thanksgiving holiday.  As we discussed excessively last week, nothing about the last 3 or 4 trading days will necessarily have any bearing on how this week p... (read more) MBS Live Recap: Bonds Not Panicking Despite Finding Resistance Mon, Nov 26, 2018 4:39PM Most of today's bond market movement followed a single trade in the morning hours.  Someone with deep pockets bought a lot of 2yr Treasury debt and sold some longer-term debt in the process.  This type of "curve trade" (so named because its intent is to take a position on the movement of the yield curve) is common.  Curve trades are happenin... (read more) MBS Price Change UMBS 5.0 99.72 -0.06 UMBS 5.5 101.25 -0.03 UMBS 6.0 102.49 -0.05 GNMA 5.0 100.04 -0.04 GNMA 5.5 101.20 +0.01 GNMA 6.0 102.14 -0.04 Pricing as of: 9/9 2:24AM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.011 5 YR Treasury 3.573 +0.011 7 YR Treasury 3.779 +0.010 10 YR Treasury 4.051 +0.012 30 YR Treasury 4.699 +0.008 Pricing as of: 9/9 2:24AM EST Other News Can Owning a Home Still Build Wealth? Mon, Nov 26, 2018 11:34AM "Possibly the only thing worse than a world in which homeownership doesn't work as a wealth-building tool is a world in which it does work as a wealth-building tool." That statement summarizes the argument made recently by Daniel Hertz, senior fellow at City Observatory who contends that housing can't be both affordable and a good investment. This observatio... (read more) Origination, Non-QM, LO Products; U.S. Economy Continues to Chug Along Mon, Nov 26, 2018 9:01AM I want a free vacation! I want a free fancy car in the garage in my newly-built McMansion! Apparently, due to sagging sales, with some builders I can indeed have those things, and more. Builders in many locales are proving that, regardless of which administration is in power, or who takes credit for some aspect of the economy doing well, business cycles are ... 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