Mortgage rates were unchanged to slightly higher today--a claim that utterly boggles the mind of anyone who thought they understood the relationship between bond markets and the mortgage world. ALMOST without fail, a big drop in 10yr Treasury yields will coincide with lower mortgage rates. In fact, many people believe (albeit incorrectly) that mortgage rates are based on the 10yr yield. But today, despite a substantial drop in Treasury yields, mortgage rates are stuck in the mud. Since this could continue to be the case, I'm going to include the following brief statement/reminder until the situation subsides: A note on mortgage rates not improving even when 10yr yields are falling: Mortgages and the bonds that underlie them (MBS) are subject to one major uncertainty that doesn't affect US Treasuries

August 13, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Miraculously Flat Despite Massively Lower Treasury Yields Mortgage rates were unchanged to slightly higher today--a claim that utterly boggles the mind of anyone who thought they understood the relationship between bond markets and the mortgage world. ALMOST without fail, a big drop in 10yr Treasury yields ... (read more) Rob Chrisman Broker, DPA Products; August Events; Mortgage Rates Slow to Drop - Why? As we digest the news that CIT is buying Mutual of Omaha Bank , others are looking at demographics. Families moving create jobs, right? From 2017 to 2018, roughly 32 million Americans moved. The reasons include family, work, and housing reasons, obvi... (read more) Housing News Loan Performance Responds to Slowing Economy, Natural Disasters Both the Mortgage Bankers Association (MBA) and CoreLogic issued data on recent loan performance on Tuesday. For CoreLogic the Monthly Loan Performance Report covered May, MBA's National Delinquency Survey is for the second quarter of this year. MBA ... (read more) MBS Commentary MBS Live Day Ahead: First Econ Data of The Week, But Bonds Have Bigger Concerns In the day just passed, bonds put in their second biggest rally day of the past 3 weeks (the crazy ones) and their biggest rally day since yields bottomed out last week.  Strikingly, there was no major singular reason for the move, unless we wis... (read more) Housing News Fannie/Freddie Universal MBS Launch Has Been Seamless So Far After years of planning, the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac launched their uniform mortgage-backed security (UMBS) in early June. So far, the Urban Institute (UI) likes what it sees. UI analysts Karan Kaul and ... (read more) Housing News Recent Rate Cuts Bolster Refinance Pool Ever since mortgage rates began to move lower, Black Knight has devoted a big portion of its Mortgage Monitor , a monthly report on loan performance and other mortgage issues, to tracking the ebb and flow of the refinanceable loan population. The com... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% 0.00 0.00 15 Yr. Fixed 5.91% 0.00 0.00 30 Yr. FHA 6.19% -0.01 0.00 30 Yr. Jumbo 6.80% 0.00 0.00 7/6 SOFR ARM 6.29% -0.04 0.00 30 Yr. VA 6.20% -0.02 0.00 Updates Daily - Last Update: 7/1 15 Yr. Fixed Rate 5.91% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.91 -0.01 Price / Yield Change MBS UMBS 5.5 99.92 -0.01 UMBS 6.0 101.58 +0.00 GNMA 5.5 100.07 +0.01 GNMA 6.0 101.43 +0.03 Pricing as of: 7/1 10:32PM EST 10 Year US Treasury 4.2446 +0.0054 Price / Yield Change US Treasury 2 YR Treasury 3.771 -0.005 5 YR Treasury 3.833 -0.006 7 YR Treasury 4.017 +0.004 10 YR Treasury 4.243 +0.004 30 YR Treasury 4.766 -0.001 Pricing as of: 7/1 10:32PM EST Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web Bloomberg U.S. Treasuries Shatter Historical Norms With 1% Yield in Reach - Bloomberg Bloomberg Traders Are Hedging Against the Risk of U.S. Rates Hitting Zero - Bloomberg CNBC Greenspan says 'there is no barrier' to negative yields in the US NPR Trump Administration Delays Some China Tariffs CNBC More signs point to a softer housing market, even as mortgage rates fall Reuters U.S. inflation picking up; Fed rate cut still expected Reuters Predicting the next U.S. recession Calculated Risk Blog NY Fed Q2 Report: "Total Household Debt Climbs for 20th Straight Quarter as Mortgage Debt and Originations Rise" CNBC The 10 major U.S. cities where housing costs have increased the most CNBC US consumer prices increase broadly in July Bloomberg Volcker Revamp to Ease Banks' Trading Rules, Path to Investments CNBC Bonds haven't been this popular since the financial crisis as recession fears rise Bloomberg Kempen Capital Markets Roelof Salomons on Bond Yields, US Yield Curve

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