Mortgage rates were at their best levels in roughly a month last Friday afternoon. Since then, they've risen modestly on each of the past two business days. As has been the case for quite some time, day-to-day movement continues to be very tame. The actual interest rates at the top of loan quotes rarely change from one day to the next. Instead, fine-tuning adjustments to the overall cost of financing come courtesy of slightly higher upfront costs--at least in today's case. In other words, if you were being quoted 3.875% yesterday on a 30yr loan yesterday, chances are you'd be seeing the same rate today, but with upfront costs just a bit higher (or a lender credit that's just a bit lower, depending on the scenario). In the bigger picture, rates are attempting to push lower after rising fairly

October 17, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Rise a Bit More From Recent Lows Mortgage rates were at their best levels in roughly a month last Friday afternoon. Since then, they've risen modestly on each of the past two business days. As has been the case for quite some time, day-to-day movement continues to be very tame. The ... (read more) Housing News Builders' Confidence Returns as Hurricane Worries Wane After reacting strongly to Hurricanes Harvey and Irma with a four-point drop in September, the Housing Market Index (HMI) regained its footing in October. The National Association of Home Builders (NAHB) says the HMI, which measures its new home buil... (read more) Housing News Construction Numbers Look Much Better Broken Down by State It has been a rather dismal spring and summer for construction, one in which permitting has declined in three out of the last four months. Going more granular, however, a report from the National Association of Home Builders (NAHB) finds that residen... (read more) Rob Chrisman Wire Fraud, MBI and LEP Products; HMDA Stats; The Fed's Leadership Does the Fed Chairman make a difference? Yes. Taylor and Powell’s names continue to be mentioned, although Trump is set to interview Janet Yellen Thursday. It wouldn’t surprise anyone if Janet Yellen was being given the boot, unfortunatel... (read more) MBS Commentary MBS Live Day Ahead: Quickly Becoming a Battle to Remain in a Friendly Trend As we discussed last week, the positive technical signals don't get much clearer than they did after Friday's CPI data (weak inflation helped bonds break a floor that had been stubbornly holding for several weeks.  At the time, the biggest risk ... (read more) MBS Commentary MBS Live Recap: Bonds Scramble Back to Unchanged, Leaving Outlook Cloudy Treasuries and MBS have spent the past 2 days trading well inside the range set by last Friday's volatility (big rally following CPI data).  Unfortunately, the central tendency during those 2 days has been toward moderately weaker levels. ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +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 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.41 -0.10 Price / Yield Change MBS UMBS 5.5 99.35 -0.16 UMBS 6.0 101.27 -0.12 GNMA 5.5 99.61 -0.17 GNMA 6.0 101.25 -0.08 Pricing as of: 7/23 1:06PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.876 +0.047 5 YR Treasury 3.931 +0.046 7 YR Treasury 4.145 +0.047 10 YR Treasury 4.390 +0.044 30 YR Treasury 4.957 +0.040 Pricing as of: 7/23 1:06PM EST Latest Video Closing Bell Exchange: Dow sets record intraday high Santelli Exchange: Flat curves and noisy distortions Fed chair decision expected before November 3rd trip Around the Web CNBC Trump indicates Fed search down to 5 finalists Reuters Trump likely to name Fed chair by early November: source OCC Acting Comptroller of the Currency Issues Statement Regarding Home Mortgage Disclosure Act Reporting Calculated Risk Blog Early Read on Existing Home Sales in September CNBC Janet Yellen's future at Fed is market's biggest risk, warns Oppenheimer's Stoltzfus PR Newswire Lawrence Yun to Discuss Housing Market at 2017 SCCAOR Convention CNBC Trump likely to name Fed chair by early November CNBC Fund managers bet on rising interest rates but not on tax cut boost for stocks PR Newswire "Reinventing Development Regulations" Urges Zoning Reform Market Watch Bond Report: Treasury yields extend rise after stronger-than-expected import prices PR Newswire Economic Growth Outlook Unchanged Following Recent Hurricanes CNBC US industrial output picks up in September NAHB Eye on Housing Sale and Contract Prices per Square Foot in 2016

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