MND 30yr Fixed Mortgage Rate Index, mid-day update... now down to 7.32% vs 7.40% yesterday. Lowest level since September 23rd.

MND 30yr Mortgage Rate Index Down to 7.36% from 7.40%. Underwhelming move relative to bond market improvement. Lenders playing it safe on this rally.

30yr Fixed Mortgage Rate Index starting the day at.... 7.33% (-0.12%)

I really enjoy talking to Mark. Straight shooter. Asks smart questions. Take a listen (especially if you're in the mtg biz) and help his channel grow like it deserves to!

Another friendly reprice for mortgage rates. MND index now down to: 7.45% (0.01 LOWER than yesterday and a new 3 week low).

Big round trip in mortgage rates with a few lenders very close to yesterday's 2 week lows. Avg lender a bit higher. After the forthcoming intraday update, MND 30yr fixed index: 7.50% (+0.04 d/d), down from 7.56% this morning.

Guess what! Another mid-day revision and now mortgage rates are ending the week at 7.48% (MND 30yr fixed index). This is down an eighth of a point from y'day morning and the lowest since September 25th. Will be published soon on the site, but you heard it hear first!

Correct. It is "nothing." 2018 was initially an uptrend in rates owing to the tax bill, domestic econ strength, and Fed hike cycle. At the same time, we were growing tired of hearing "global growth concerns" on repeat. By the end of the year, momentum dried up, growth concerns showed up in the U.S., and the Fed stopped hiking. 2019's drop reflects the economic shift and U.S./China trade war. We can even trace mid-Nov bond rallies to specific Fed comments, such as Vice Chair Clarida saying rates were finally "very close to neutral." This is all basic and well-understood by the analytical community and had nothing to do with mid-terms.

A rare (though not so rare these days) SECOND intraday update for the MND rate index. 7.50% (-0.09) Lowest since the morning of 10/2 and 2nd lowest since 9/25

Who knows if the long-end rally we're seeing today is the one that sticks, but if it does... Dario will need to change his pic to Miss Cleo for at least a few months.

Just published today's index. Surprisingly generous positive reprices kept us well under 7.7%. Official number so far today: 7.63% (+0.07 vs y'day). +0.02 vs previous high on Oct 5 of 7.61%.

UPDATE: Rates will still be higher, but TBD on sharpness. Lenders are already repricing for the better as bonds have rallied more than halfway back to unchanged.

Do I have this right, internet bond experts? France up = US up France down = US down France up = US down France down = US up

Thank God someone said 7 things as opposed to suddenly realizing or repeatedly focusing on only one thing. People I consider true experts have very little to say about new causality this morning. Listing ongoing factors is about the best you can do.

RT @AdvisorJohn: The best part of learning from @MG_MBS, as from his humor, is better understanding what might not be understood. Calling o…