Mortgage Rates rose today as early presidential polls showed Clinton leading in several battleground states. At least when it comes to the most immediate future, rates have done better when Trump's numbers have been better. Some analysis suggests that although a Trump presidency could ultimately be worse for rates in the long run, the near-term uncertainty prompts investors to sell stocks and buy bonds. When demand for bonds increases, rates move lower, all other things being equal. Mortgage rates didn't have to move too much higher in order to make it to new 5-month highs . If we're talking about the actual "note rate," that hasn't changed for most prospective borrowers at all this week. Rather, the changes must be measured in the form of upfront closing costs/credits. Higher upfront costs

November 8, 2016 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Election Pushes Rates to New 5-Month Highs Mortgage Rates rose today as early presidential polls showed Clinton leading in several battleground states. At least when it comes to the most immediate future, rates have done better when Trump's numbers have been better. Some analysis suggests tha... (read more) Housing News Five States Still Account For One Third of All Foreclosures The foreclosure inventory was down nearly one-third in September when compared to a year earlier although the pace of completed foreclosures remained relatively steady. According to CoreLogic' September National Foreclosure Report, the inventory, whi... (read more) Rob Chrisman Changes in Credit and its Impact on First-Time Home Buyers; Vendor News “It ain’t rocket surgery.” Trulia has a good piece out on the advantages of buying versus renting . Buying a home is 37% cheaper than renting nationally. Naturally, the advantage differs from market to market, but even the worst mar... (read more) MBS Commentary MBS Live Day Ahead: Bonds Ready to Recommit Depending on Election This week's absence of relevant economic data seems to be by design.  Markets may have chosen to focus on the election even if there had been important data, but this way, we don't have to worry about reacting to multiple inputs.  European ... (read more) Mortgage Rate Watch Mortgage Rates Avoiding Commitment As Uncertainty Runs High Mortgage Rates were unchanged today despite a fair amount of weakness in the bond market. Rates typically rise when bonds weaken. The absence of volatility is partly due to the fact that lenders didn't rush to offer improved rates on Friday afternoon... (read more) MBS Commentary MBS Live Recap: One Headline; One Trade For Bonds Today was perhaps the simplest trading session for bond markets in recent memory.  There was one relevant piece of information and one meaningful move in trading levels as a result. The information in question was Sunday's news that the FBI... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.82% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.82% -0.01 0.00 15 Yr. Fixed 6.07% -0.01 0.00 30 Yr. FHA 6.40% -0.01 0.00 30 Yr. Jumbo 6.92% -0.01 0.00 7/6 SOFR ARM 6.31% -0.01 0.00 30 Yr. VA 6.42% 0.00 0.00 Updates Daily - Last Update: 7/17 15 Yr. Fixed Rate 6.07% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries UMBS 30YR 5.5 99.13 +0.07 Price / Yield Change MBS UMBS 5.5 99.12 +0.06 UMBS 6.0 101.12 +0.06 GNMA 5.5 99.41 -0.05 GNMA 6.0 101.10 -0.06 Pricing as of: 7/17 6:01PM EST 10 Year US Treasury 4.4528 -0.0065 Price / Yield Change US Treasury 2 YR Treasury 3.907 +0.018 5 YR Treasury 3.990 -0.006 7 YR Treasury 4.208 -0.005 10 YR Treasury 4.453 -0.007 30 YR Treasury 5.011 -0.003 Pricing as of: 7/17 6:01PM EST Latest Video Futures Now, November 8, 2016 Cashin: Looks like it's going to be a pretty hefty turnout Markets cautious on Election Day Around the Web CNBC The biggest Election Day for day traders it's tomorrow Calculated Risk Blog Las Vegas Real Estate in October: Sales up 5.5% YoY, Inventory down Sharply CNBC 'This saga may not end tomorrow': How a contested election may spell more pain for markets NAHB Eye on Housing Construction Job Openings Continue to Rise CNBC Number of job openings littled changed in September at 5.5 million Calculated Risk Blog NFIB: Small Business Optimism Index increases in October Reuters Fed's Evans says not yet confident U.S. inflation headed higher Bloomberg What Happens When Wall Street Pulls Back From Bond Markets CNBC US Treasurys edge higher as Election Day arrives CoreLogic CoreLogic Reports 36,000 Completed Foreclosures in September 2016 phx.corporate-ir.net MGIC Investment Corporation Releases Monthly Operating Statistics NPR Supreme Court Revisits 2008's Housing Collapse With Banking Test Cases CNBC What voters are saying in this Florida city crushed by foreclosures

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