Mortgage rates held steady today, keeping them in line with their lowest levels in more than a month. That's the good news. There's really not any bad news, per se. Rates could remain here or even move lower depending on events that will unfold in the coming days and weeks. But to some, the absence of improvement could be taken as a sign of resistance in the underlying bond market. The same people seeing that resistance would also be quick to point out that a good amount of the recent move lower in rates owes itself to the flare-up in US/Iran tensions, and that lower rates would rely on tensions remaining or escalating further . True, that may happen, but if it doesn't, rates would increasingly experience upward pressure as days tick by. In addition to geopolitics, interest rates will continue

January 7, 2020 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.34% +0.06%   6.13% 7.26% 15 Yr. Fixed 5.82% +0.01%   5.6% 6.59% 30 Yr. Jumbo 6.32% +0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Jan 7, 2020 Mortgage Rates at Recent Lows, But Struggling to Improve Tue, Jan 7, 2020 3:40PM Mortgage rates held steady today, keeping them in line with their lowest levels in more than a month. That's the good news. There's really not any bad news, per se. Rates could remain here or even move lower depending on events that will unfold in the coming days and weeks. But to some, the absence of improvement could be taken as a sign of resistance in the underlying bond market. The same people seeing that resistance would also be quick to point out that a good amount of the recent move lower in rates owes itself to the flare-up in US/Iran tensions, and that lower rates would rely on tensio... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.34% +0.06 0.00 15 Yr. Fixed 5.82% +0.01 0.00 30 Yr. FHA 6.06% +0.05 0.00 30 Yr. Jumbo 6.32% +0.02 0.00 7/6 SOFR ARM 5.98% +0.09 0.00 30 Yr. VA 6.08% +0.05 0.00 Updates Daily - Last Update: 11/3 Freddie Mac Rate Change Points 30 Yr. Fixed 6.17% -0.02 0.00 15 Yr. Fixed 5.41% -0.03 0.00 Updates Weekly - Last Update: 10/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.58 +0.13   95.05 100.11 UMBS 30YR 5.5 101.08 +0.08   97.47 101.40 10 YR Treasury 4.087 -0.022   3.932 4.780 MBS Live Recap: Bonds Remain Stuck in a Waiting Game Tue, Jan 7, 2020 4:21PM Treasuries were modestly weaker today, while MBS outperformed by holding mostly steady.  That keeps the bond market well within its recent range as well as the longer-term consolidation trend (intact since mid-October).  Upward pressure on yields associated with new "supply" (Treasury auctions and corporate bonds), technical resistance, and improve... (read more) MBS Price Change UMBS 4.5 97.54 +0.12 UMBS 5.0 99.59 +0.14 UMBS 5.5 101.09 +0.09 GNMA 4.5 97.53 +0.03 GNMA 5.0 99.80 +0.16 GNMA 5.5 100.88 +0.08 Pricing as of: 11/4 3:12AM EST US Treasury Yield Change 2 YR Treasury 3.582 -0.027 5 YR Treasury 3.694 -0.030 7 YR Treasury 3.877 -0.028 10 YR Treasury 4.084 -0.025 30 YR Treasury 4.667 -0.027 Pricing as of: 11/4 3:12AM EST Other News Are Manufactured Homes the Unlikely Answer to Housing Shortage? Tue, Jan 7, 2020 12:06PM While housing starts have picked up in recent months, the lack of new construction has been called a crisis by Freddie Mac , state and federal policymakers, and consumer groups, adding as it has to an overall shortage of housing for both sale and rent. Urban Institute (UI) analyst John Walsh recently wrote in UI's Urban Wire blog that one problem with 21 st ... (read more) Online Homebuyer Course Could Help Borrowers Qualify Mon, Jan 6, 2020 11:28AM Freddie Mac is announcing it has put a critical homebuyer education course online. The new tutorial, called CreditSmart® Homebuyer U is free and its successful completion satisfies the HomeOne SM or Home Possible ® mortgage homeownership education requirement. CreditSmart Homebuyer U offers six educational modules, each focused on a key learning prin... (read more) New Home Sales are Stronger in Growing Cities Mon, Jan 6, 2020 10:11AM Depending on how you look at it, either Texas and Florida or Nevada and Idaho were the fastest growing states in 2019. Frank Nothaft, CoreLogic's chief economist says that in terms of sheer numbers the first two grew dramatically, with Texas adding 367,000 more residents and Florida's population increasing by 233,000. Percentage wise, the two smaller states ... (read more) Marketing, Pricing, Strategy Tools; Upcoming Events and Training Tue, Jan 7, 2020 9:08AM Money attracts criminal activity. I know that isn’t late-breaking news, but here’s a scam I hadn’t heard of involving, once again, real estate and appraisers. The good news is that when a landowner permanently protects pristine land from development, they’re eligible for a charitable deduction for the “conservation easement.&rdq... (read more) Latest Video Homebuilders tap into millennial renters, downsizing empty nesters: Analyst ISM non-manufacturing data comes in better than expected in December Sen. Grassley: USMCA might go on hold if articles of impeachment are delive... US trade deficit at $43.09B in November, vs $43.6B estimate Around the Web Calculated Risk Blog Las Vegas Real Estate in December: Sales up 21% YoY, Inventory down 13% YoY CNBC Mortgage rates fall further, as buyers rush into the first open houses of 2020 Redfin 17 Mistakes to Avoid When Selling Your House CNBC Mortgage rates fall further, as buyers rush into the first open houses of 2020 Calculated Risk Blog Reis: Mall Vacancy Rate Increased in Q4 2019 Reuters Declining imports push U.S. trade deficit to three-year low CNBC December's ISM non-manufacturing index comes in at 55.0, vs 54.3 expected CNBC US trade deficit at $43.09B in November, vs $43.6B estimate consumerfinancemonitor.com FTC announces improvements to orders in data security cases consumerfinancemonitor.com SCOTUS to consider Collins cert petitions on Dec. 10 The Basis Point Homebuyer bidding wars heat up 1Q of 2020: Redfin CNBC ISM non-manufacturing data, trade deficit and Iran tensions: 3 things to watch for on Tuesday Calculated Risk Blog Update: Framing Lumber Prices Up Year-over-year

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