Mortgage rates were slightly higher today, marking the 6th day in a row where they've reversed course versus the previous day. This is the sort of behavior we see when underlying financial markets are having a hard time making up their mind (or are simply waiting for something before committing to the next big move). In the case of mortgage rates, the underlying financial market is the bond market. There are specific bonds that most directly affect mortgage rates, but they are almost always moving in the same direction as other bonds anyway. That allows us to use something like the 10yr Treasury yield to keep an eye on interest rate momentum. There we see yields locked in an increasingly narrow range since the beginning of the year. Movements inside that range aren't important to the bigger

February 15, 2019 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 Feb 15, 2019 Mortgage Rates in a Holding Pattern Fri, Feb 15, 2019 3:01PM Mortgage rates were slightly higher today, marking the 6th day in a row where they've reversed course versus the previous day. This is the sort of behavior we see when underlying financial markets are having a hard time making up their mind (or are simply waiting for something before committing to the next big move). In the case of mortgage rates, the underlying financial market is the bond market. There are specific bonds that most directly affect mortgage rates, but they are almost always moving in the same direction as other bonds anyway. That allows us to use something like the 10yr Treasu... (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 5.5 101.22 -0.06   97.47 101.61 UMBS 30YR 6.0 102.47 -0.07   99.66 102.50 10 YR Treasury 4.065 +0.026   3.621 4.780 MBS Live Recap: Deceptively Relevant Econ Data But Range Prevails Fri, Feb 15, 2019 3:43PM Since Retail Sales rocked markets yesterday, perhaps bonds would be interested in responding to economic data again today?  This question seemed to have been answered when bonds apparently jumped following this morning's 8:30am economic data.  The only problem was that the data in question included NY Fed Manufacturing and Import/Export Price... (read more) MBS Live Day Ahead: Range Trade Likely to Dominate Heading Into Holiday Weekend Fri, Feb 15, 2019 9:53AM Rates were at long term highs in early November 2019.  Several global economic risks were beginning to swirl at the same time.  These included a slowdown in German GDP, the weakest Chinese retail sales in 15 years, Italian budget drama, and... (read more) MBS Price Change UMBS 5.0 99.70 -0.08 UMBS 5.5 101.24 -0.04 UMBS 6.0 102.48 -0.06 GNMA 5.0 100.02 -0.05 GNMA 5.5 101.19 +0.00 GNMA 6.0 102.13 -0.05 Pricing as of: 9/9 7:02AM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.011 5 YR Treasury 3.576 +0.014 7 YR Treasury 3.784 +0.016 10 YR Treasury 4.061 +0.022 30 YR Treasury 4.719 +0.029 Pricing as of: 9/9 7:02AM EST Other News "Homeowners are in Great Shape," Delinquencies Improve Across the Board Fri, Feb 15, 2019 3:13PM Mortgage loan delinquencies were down from the third quarter of 2018 in the fourth quarter. The Mortgage Bankers Association (MBA) said the improvements held across all loan types and all stages of delinquency although there was a slight uptick in foreclosure starts. The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased... (read more) GSEs Continue Financial Winning Streaks Fri, Feb 15, 2019 9:42AM Freddie Mac and Fannie Mae (the GSEs) reported solid financial results for both the fourth quarter and the entirety of the 2018 fiscal year on Thursday. The annual income was higher for both GSEs , although each posted a decrease quarter-over-quarter. Fannie Mae's total comprehensive income for the fourth quarter was $3.2 billion compared to $4.0 billion in ... (read more) Sales Jobs; Construction, Marketing Products; Impressive Agency Earnings Fri, Feb 15, 2019 9:04AM Huh? Radian was recently in takeover talks ? I only know what I read in the newspapers! Sometimes I wonder if everyone isn’t in M&A talks to one degree or another, and rumors continue to swirl about a publicly-held bank in the Northwest spinning off its mortgage division. There’s a lot going on in our biz, especially with Freddie & Fannie... (read more) Latest Video Consumer Sentiment Index beats February estimates with 95.5 January industrial production down 0.6 percent US-China trade talks to continue in Washington Around the Web CNBC TREASURIES-Yields range-bound amid mixed economic data NAHB Eye on Housing Serious Delinquency Rate Continues its Decline CNBC Small banks you've never heard of are quietly enabling the tech takeover of the financial industry NAR - Realtor.com Banks Offered Homeowners Refinances After the Crisis, but Americans Stopped Trusting Banks Calculated Risk Blog Q4 GDP Forecasts: High-1s, Low-2s, 2018 Annual GDP around 2.8% CNBC Here's where the money for Trump's border wall will come from Calculated Risk Blog MBA: "Mortgage Delinquencies Dropped to 18-Year Low in the Fourth Quarter of 2018" CNBC Consumer sentiment hits 95.5 in February, vs. expectations for 93 Calculated Risk Blog Industrial Production Decreased 0.6% in January Bloomberg How Surge in Inflation-Adjusted Pay Can Lead Fed to Higher Rates Redfin Atlanta Home Prices Up 4.8%, Outpacing National Growth CNBC JGBs rise tracking gains in U.S. Treasuries CNBC NJ congressman pushes bill to restore full state, local tax deductions: 'We can't accept this'

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