Mortgage rates did nothing today. They did less than nothing . This week is already easily on track to be the calmest since the election. And if tomorrow is similarly lifeless, it will be one of the calmest weeks ever. Oftentimes, I'll note that it's the AVERAGE effective rate that's "unchanged." Indeed, it's quite uncommon for almost every single rate sheet in our ongoing study to be the same as the previous day. But that's exactly what happened today. In fact, this week's rate sheets have seen less change overall than any other week this year. This is to-be-expected, to some extent, due to seasonal considerations. The fact that underlying bond markets have been holding steadier than normal accounts for the extra stability in mortgage rate sheets. Stability may be worth something, but it's

December 22, 2016 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Dec 22, 2016 Rates Close to Capping Calmest Week in Years Thu, Dec 22, 2016 3:24PM Mortgage rates did nothing today. They did less than nothing . This week is already easily on track to be the calmest since the election. And if tomorrow is similarly lifeless, it will be one of the calmest weeks ever. Oftentimes, I'll note that it's the AVERAGE effective rate that's "unchanged." Indeed, it's quite uncommon for almost every single rate sheet in our ongoing study to be the same as the previous day. But that's exactly what happened today. In fact, this week's rate sheets have seen less change overall than any other week this year. This is to-be-expected, to some extent, due to s... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.28 +0.16   97.47 101.61 UMBS 30YR 6.0 102.54 +0.05   99.66 102.54 10 YR Treasury 4.039 -0.047   3.621 4.780 MBS Live Recap: Market and Rate Sheet Apathy Bordering on Comical Thu, Dec 22, 2016 3:45PM This is coming out a bit earlier than normal, and I promise to revise and/or put out another recap if by some miraculous turn of events, bond markets exhibit signs of life in the next 2 hours.  Actually, to be fair, most analysts/traders/etc. mark the end of the bond market trading day at 3pm ET, so technically, we're good. There was a lot of economi... (read more) MBS Price Change UMBS 5.0 99.78 +0.31 UMBS 5.5 101.28 +0.16 UMBS 6.0 102.54 +0.05 GNMA 5.0 100.07 +0.24 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.18 +0.05 Pricing as of: 9/8 6:21PM EST US Treasury Yield Change 2 YR Treasury 3.487 -0.030 5 YR Treasury 3.562 -0.027 7 YR Treasury 3.768 -0.032 10 YR Treasury 4.039 -0.047 30 YR Treasury 4.690 -0.079 Pricing as of: 9/8 6:21PM EST Other News 2016 Best Year in a Decade for Housing; 2017 is a Wild Card Thu, Dec 22, 2016 12:52PM This year, with less than two weeks left to go, is shaping up to be the best year for housing in a decade according to Freddie Mac's Economic & Housing Research Group. Their year-end wrap up and forecast however, sees a more mixed picture for 2017. This year saw home sales through November at the highest level since 2007 and construction, as measured by ... (read more) Decline in Cash Sales May be Leveling Off Thu, Dec 22, 2016 10:13AM The share of cash sales appears to be holding fairly steady , even as investors pull back from the residential market (NAR put the investor share of sales at 12 percent in November) and sales of owned real estate (REO) and short sales decrease to low single-digit levels. CoreLogic reports that the share of home sale transactions that were all cash in Septemb... (read more) FHFA Home Price Index Slows Thu, Dec 22, 2016 9:59AM Price increases moderated slightly in October according to the Federal Housing Finance Agency's (FHFA's) Housing Price Index (HPI). The national index, which had recorded a 0.6 percent monthly gain in September, was up another 0.4 percent in the current reading. The price report was slightly lower than analysts were expecting. Those polled by Econoday were l... (read more) Ellie Mae: Heavy Refi Volume Pushed Out November Closing Times Thu, Dec 22, 2016 9:50AM Refinancing originations remained unchanged at 47 percent of all closed loans in November, not yet reflecting the sharp increase in interest rates that occurred after the November 8 election. The share of originations by loan type remained precisely where they were in October with conventional loans garnering a 68 percent share, FHA loans 20 percent, and VA ... (read more) Latest Video First look at Q1 GDP forecast Dollar could see its longest yearly win streak since 1984 Personal spending up 0.2% (November) Around the Web CNBC US sues Barclays for alleged mortgage securities fraud PR Newswire California pending home sales contract in November, C.A.R. reports CNBC New Trump advisor Icahn says he's not against all regulation Reuters Trump team promises transparency regarding Icahn's advisory role Market Watch Housing's big question what will happen when buyers think 4% rates are crazy' CNBC US consumer spending slows in November on weak incomes freddiemac.mwnewsroom.com Mortgage Rates At Two Year High bkfs.com Black Knight Financial Services' First Look at November 2016 Mortgage Data CNBC US jobless claims rise to six-month high last week CNBC US core capital goods orders jump in November CNBC US third-quarter economic growth raised to 3.5 percent, best performance in two years Market Watch The Fed: Trump may pick Yellen's successor before her term is up builderonline.com Top Benefits of Buying a Home

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