The Consumer Financial Protection Bureau (CFPB) has announced a technical change to its October 2015 "Know Before You Owe" mortgage disclosure rule. The change to what is generally known as the TILA-RESPA Rule or "TRID' relates to when a creditor may compare loan closing-related charges paid by or imposed on the consumer to the amounts disclosed on a Closing Disclosure as opposed to a Loan Estimate, in order to comply good faith rules. When TRID originally went into effect it was accompanied by new Loan Estimate and Closing Disclosure forms that are provided to consumers when they apply for and close on a loan. Under the rule, an estimated closing cost is disclosed in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed , subject to certain

April 27, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.22% +0.09%   6.11% 7.26% 15 Yr. Fixed 5.75% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.14% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Apr 27, 2018 Mortgage Rates Catch a Break Thu, Apr 26, 2018 4:18PM Mortgage rates caught a break today , as underlying bond markets made it back into Tuesday's territory. Refreshingly, lenders were willing to set rates back at Tuesday's levels. That may sound exceedingly logical considering bond markets dictate rate movements, but it's an exception to the recent rule that's seen lenders err on the side of caution when it comes to following every little movement in bonds. In other words, lenders have been quick to raise rates when bonds are weaker and slow to bring them back down when bonds recover. That makes today something of an opportunity for anyone who w... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% +0.09 0.00 15 Yr. Fixed 5.75% +0.04 0.00 30 Yr. FHA 5.95% +0.04 0.00 30 Yr. Jumbo 6.14% -0.01 0.00 7/6 SOFR ARM 5.65% 0.00 0.00 30 Yr. VA 5.98% +0.06 0.00 Updates Daily - Last Update: 9/17 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 99.67 +0.09   95.05 100.47 UMBS 30YR 5.5 101.13 +0.10   97.47 101.61 10 YR Treasury 4.075 -0.006   3.643 4.780 MBS Live Day Ahead: Has Korea Been a Part of Recent Weakness in Bonds? Fri, Apr 27, 2018 9:19AM The abrupt sell-off that began on 4/18 has been a bit frustrating from an analytical standpoint due to an absence of clearly-delineated motivations.  Granted, we can piece together a fairly compelling narrative from things like the tax deadline ... (read more) MBS Live Recap: Token Bounce and Not Necessarily Much More Thu, Apr 26, 2018 5:00PM In yesterday's recap, I mentioned that we were likely to see a token bounce on one of the next 3 days, but that it didn't necessarily guarantee further gains.  Today brought said bounce.   As discussed in the Day Ahead, there are solid historical examples of such bounces turning out to be one or two day affairs that give way to additional ... (read more) MBS Price Change UMBS 4.5 97.69 +0.06 UMBS 5.0 99.68 +0.09 UMBS 5.5 101.13 +0.10 GNMA 4.5 98.08 +0.06 GNMA 5.0 99.98 +0.15 GNMA 5.5 101.00 +0.12 Pricing as of: 9/17 10:15PM EST US Treasury Yield Change 2 YR Treasury 3.541 -0.023 5 YR Treasury 3.639 -0.017 7 YR Treasury 3.824 -0.015 10 YR Treasury 4.076 -0.005 30 YR Treasury 4.676 -0.012 Pricing as of: 9/17 10:15PM EST Other News CFPB Finalizes Revisions to TRID Timing Rules Fri, Apr 27, 2018 11:10AM The Consumer Financial Protection Bureau (CFPB) has announced a technical change to its October 2015 "Know Before You Owe" mortgage disclosure rule. The change to what is generally known as the TILA-RESPA Rule or "TRID' relates to when a creditor may compare loan closing-related charges paid by or imposed on the consumer to the amounts disclosed on a Closing... (read more) Census Report Confirms Tight Housing Market Fri, Apr 27, 2018 11:07AM The rate of homeownership as well as the national vacancy rates were statistically unchanged in the first quarter of this year, and prices, especially for rentals, have responded as might be expected. The Bureau said the vacancy rates among rental units was unchanged for the third consecutive first quarter at 7.0 percent. Until they stabilized in 2016, renta... (read more) News on Critical Defects; Two Harbors' Purchase; Capital Markets Update Fri, Apr 27, 2018 9:15AM Huh? Nearly half of borrowers don’t rate shop? Freddie Mac tells us that this is indeed the case (although every LO and broker I know would disagree). And if they did, they could save some bucks: between $1,000 and $2,000 over the life of the loan , and $2,000 - $4,000 when the borrower obtains 5 competing quotes. Speaking of consumers, how ‘bout... (read more) Latest Video Consumer sentiment comes in at 98.8 in April Q1 GDP doesn't change US economic 'storyline,' says economist Korean leaders promise to end conflict on Korean Peninsula Around the Web consumerfinancemonitor.com CFPB Finalizes Black Hole Fix under TRID Rule Calculated Risk Blog Freddie Mac: Mortgage Serious Delinquency Rate Decreased in March NAHB Eye on Housing Most Buyers Don't See Improvement in Housing Availability Bloomberg Draghi's 'Moderation' Rears Its Head in French Slowdown CNBC The US economy grew at a better-than-expected 2.3% in the first quarter Reuters Korean leaders aim for end of war, 'complete denuclearization' after historic summit builderonline.com Marriott International Launches Homeshare Pilot Program Freddie Mac Freddie Mac Issues Monthly Volume Summary for March 2018 politico.com My Generation Is Never Going to Have That Bloomberg Bond Traders Decide Greed Is Better Than Fear NAR - Realtor.com The Hottest Markets for U.S. Real Estate: Is California's Reign Over? 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