Things have been weird enough for mortgage rates recently that we were forced to add a " Temporary Note on Mortgage Rate Inconsistency " to our daily coverage recently. It will likely return before too long, but with a few edits for clarity. Edits will also need to account for days like today, which offered a prime example of how the inconsistency can be corrected. There's a decent chance those first 3 sentences are confusing and/or relatively meaningless, so let's change that! Mortgage rates aren't the only rates out there. They exist in an ecosystem with more established players like US Treasury yields. They move so much like Treasury yields that even very smart people mistakenly believe Treasuries (specifically, the 10yr) dictate mortgage rates. Recently though, mortgage rates have moved

August 16, 2019 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rate Weirdness May Be Working in Your Favor Today Things have been weird enough for mortgage rates recently that we were forced to add a " Temporary Note on Mortgage Rate Inconsistency " to our daily coverage recently. It will likely return before too long, but with a few edits for clarity. Edits wi... (read more) Rob Chrisman DPA, Non-QM Products; Deficits, Debt, The Yield Curve, and Mortgage Rates Some international rates have gone through 0 percent and are now negative. The low rates and high volumes have caused lenders to focus less on long-term planning and more on closing loans. Who can blame them? How would U.S. mortgage rates near 0 perc... (read more) Housing News New FHA Rule Will Ease Condo Approval Process The long-waited Federal Housing Administration (FHA) rule regulating condominium lending was finalized Wednesday afternoon. The Department of Housing and Urban Development (HUD), the parent agency of FHA, published the final regulation and the policy... (read more) Housing News Refinance Spree Continues with Rates at Near 3-Year Lows The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage application volume, rose 21.7 percent on a seasonally adjusted basis during the week ended August 9. MBA attributed the substantial decline in interest rate... (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 Recap: Relative Stability + Moderate Losses = MBS Fighting Back Perhaps more than any other day in the past few weeks, today stood as an example of the mortgage market's ability to put up a fight when the time is right.  As we've discussed frequently, they've been getting pummeled by Treasuries as the latt... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% -0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% -0.05 0.00 15 Yr. Fixed 5.91% -0.05 0.00 30 Yr. FHA 6.20% -0.02 0.00 30 Yr. Jumbo 6.80% -0.04 0.00 7/6 SOFR ARM 6.33% 0.00 0.00 30 Yr. VA 6.22% -0.01 0.00 Updates Daily - Last Update: 6/30 15 Yr. Fixed Rate 5.91% -0.05% 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 5.5 100.07 +0.26 Price / Yield Change MBS UMBS 5.5 100.07 +0.26 UMBS 6.0 101.68 +0.17 GNMA 5.5 100.19 +0.19 GNMA 6.0 101.50 +0.14 Pricing as of: 6/30 6:45PM EST 10 Year US Treasury 4.2246 -0.0567 Price / Yield Change US Treasury 2 YR Treasury 3.715 -0.035 5 YR Treasury 3.804 -0.031 7 YR Treasury 3.990 -0.045 10 YR Treasury 4.225 -0.057 30 YR Treasury 4.776 -0.055 Pricing as of: 6/30 6:45PM 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 Calculated Risk Blog Lawler: Early Read on Existing Home Sales in July Reuters Exclusive: Fed's Mester weighing argument for U.S. rate cut Reuters Exclusive: Fed's Mester weighing argument for U.S. rate cut Calculated Risk Blog Sacramento Housing in July: Sales Up 6% YoY, Active Inventory DOWN 16% YoY Bloomberg Germany Ready to Raise Debt If Recession Hits, Spiegel Reports CNBC KB Home CEO says confidence matters more than mortgage rates, and confidence just took a hit Calculated Risk Blog BLS: July Unemployment rates at New Series Lows in Alabama, Arkansas, Maine and New Jersey CNBC US consumer sentiment falls to 92.1 in August, vs. 97 estimate Calculated Risk Blog Comments on July Housing Starts Calculated Risk Blog Housing Starts decline to 1.191 Million Annual Rate in July CNBC Fed may not have the firepower to save the economy if a recession is coming CNBC Fed's Bullard says only a 'sustained' bond inversion would be a bearish signal Calculated Risk Blog CAR on California: "California home sales perk up in July"

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