Digital records are giving consumers tremendous new opportunities , Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB) told participants attending a field hearing in Salt Lake City on Thursday, but there are also a lot of questions about their access to those records and their safety. Cordray told his audience that CFPB is launching an inquiry into the digital records issue, opening a 90-day period of public comment. The results will be used to assist, "market participants and policymakers to develop practices and procedures that enable consumers to realize the benefits associated with safe access to their financial records, assess necessary consumer protections and safeguards, and spur innovation." The digital records CFPB is concerned about are financial ones. Whenever

November 18, 2016 Download our Mobile App: Download our Mobile App: Housing News CFPB Inquiry Could Mean Big Changes For Data Aggregators Digital records are giving consumers tremendous new opportunities , Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB) told participants attending a field hearing in Salt Lake City on Thursday, but there are also a lot of qu... (read more) Mortgage Rate Watch Mortgage Rates Jump Back to Highs Mortgage rates may have caught a break yesterday , but today is a different story. Or perhaps it's a different kind of break... a bad one... more of a compound fracture really. Not only did rates resume their move higher, but they skipped right to ne... (read more) Housing News No Surprise: Pull-Through Rates hit 2016 High Borrowers apparently noted a slight uptick in mortgage rates and pushed refinancing higher in October. Ellie Mae's Origination Insight Report notes an increase in that share of lending during the month that affected all loan types. There was an overa... (read more) MBS Commentary MBS Live Day Ahead: Empty Calendar Ahead as Bonds Back Down From Long-Term Inflection Point Treasuries technically hit overnight highs late in yesterday's session, but it was the overnight hours that saw the more substantial weakness.  Long-time MBS Live members may recall the 2.34% pivot point as perhaps the starkest dividing line (... (read more) Rob Chrisman Appraisal Institute Goes to Washington DC; LO Recruitment Survey Just how much did rates go up recently? Freddie Mac's Primary Mortgage Market Survey showed a 37 basis point (.375) jump in the average 30-year rate, week-over-week, to 3.95%. Convincing anyone with rate less than that to refinance is going to be tou... (read more) MBS Commentary MBS Live Recap: 5-Timer Club! Google up the 5-timer club if you're not familiar.  We have a new inductee today, although it's not exactly the same club as seen on Saturday Night Live.  Our version of the 5-timer club refers to an elite group of trading days that have ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 4:47PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 4:47PM EST Latest Video Following the great rotation Goldman's top 2017 themes Ed Yardeni: The ‘bond vigilantes’ are back Around the Web Washington Post CFPB challenges court ruling that found its structure is unconstitutional Reuters Dollar at strongest since 2003; bond selloff resumes Reuters Nomura, RBS appeal U.S. judge's $839 million mortgage bond award Market Watch In One Chart: Trump trade' sparks stampede out of bond funds into stocks CNBC Dudley: Dodd-Frank's not perfect, 'reasonable' to change CNBC The Trump trade, week 1: A 'violent rotation' with a 'bond bloodbath' NY Fed Dudley: Opening Remarks at the Economic Press Briefing on the Survey of Consumer Expectations CNBC Kansas City Fed's Esther George: Hike rates 'sooner rather than later' Bloomberg Trump Is Making Bond Markets Nervous CNBC Draghi says that withdrawal of QE relies on 'durable' pickup in inflation Market Watch Is the bond market still smarter than the stock market? Bloomberg Homebuilding Is Hot Again. And Not Nearly Hot Enough Calculated Risk Blog Comments on October Housing Starts

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