Mortgage rates were unchanged to slightly lower today. Political drama in Europe pushed stocks lower overnight and sent investors toward safer haven assets like bonds. Higher demand for bonds pushes rates lower, all things being equal. All of the above meant a stronger start for bond markets and slightly lower mortgage rates this morning. Still, the average improvement was so small that it was barely noticeable, largely because bonds had weakened yesterday afternoon, implying that lenders would have started today at a disadvantage were it not for the overnight improvement. Still with me there? In a nutshell , bond market weakness yesterday never made it onto lender rate sheets and this morning's bond market strength was just barely enough to counteract that weakness. We're splitting hairs in

October 19, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Hold Ground Amid Market Volatility Mortgage rates were unchanged to slightly lower today. Political drama in Europe pushed stocks lower overnight and sent investors toward safer haven assets like bonds. Higher demand for bonds pushes rates lower, all things being equal. All of the abo... (read more) Housing News Freddie Changes Student Loan Debt Calculation A new Bulletin from Freddie Mac makes several changes to its Seller Guide . The most impactful changes relate to the way sellers can calculate student loan debt for inclusion in the monthly payment debt-to-income ratio. Under the current policy, when... (read more) Housing News Remodelers Report Backlogs, Labor Shortages as Market Grows Home remodeling activity reported by builders increased in the third quarter and remains above the benchmark 50 level for the 18 th consecutive quarter. The National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) rose 2 points to ... (read more) Rob Chrisman New Vendor Creations; Jumbo and No MI Products Yesterday I had some interesting geographic involving the United States that prompted Tony H. to send a few more items. The closest state to Africa? It’s Maine! (Quoddy Head. The largest U.S. city closest to Africa is Boston.) And if one flew d... (read more) MBS Commentary MBS Live Day Ahead: 2 Simple Lines Means Bonds Stay In The Game The past 3 days were disconcerting for bond markets--especially yesterday, which saw yields move higher at their quickest pace in two weeks.  This threatened to reverse the positive trend that  looked like it was confirmed by last Friday's... (read more) MBS Commentary MBS Live Recap: Stronger Selling and Lighter Volume Raise Doubts Everything seemed so simple last Friday when bonds were surging past technical barriers in strong volume--ostensibly ringing the dinner bell for more bond buying.  The fact that everything seemed so simple was also the biggest risk.  Perh... (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 99.38 -0.13 UMBS 6.0 101.30 -0.09 GNMA 5.5 99.63 -0.15 GNMA 6.0 101.25 -0.07 Pricing as of: 7/23 12:56PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.865 +0.036 5 YR Treasury 3.921 +0.036 7 YR Treasury 4.136 +0.037 10 YR Treasury 4.382 +0.036 30 YR Treasury 4.951 +0.034 Pricing as of: 7/23 12:56PM EST Latest Video Which Fed chair nominee is best for your money? President Trump's Fed chair decision looms Internet scammers are now infiltrating housing market on closing day. Here'... Around the Web Calculated Risk Blog Existing Home Sales: Lawler vs. the Consensus Gallup Gallup Vault: No Clear Reason Seen for 1987 Stock Market Crash CNN Jobless claims are the lowest since 1973 Reuters Stocks retreat from record, U.S. Treasury yields slip CNN Next Fed candidate to meet with Trump: Janet Yellen Brookings Institution Hutchins Roundup: Monetary and fiscal space, immigrants and job polarization, and more CNBC Leading economic indicators fall 0.2 percent, miss expectations Freddie Mac Mortgage Rates Tick Down Calculated Risk Blog Black Knight: "Hurricanes Irma and Harvey Drive Surge in Past-Due Mortgages" Market Watch Bond Report: Treasurys see buying as Catalan tensions resurface CNBC Scammers are conning home buyers out of their down payment builderonline.com The Top Markets for Investing in Rental Homes CoreLogic CoreLogic Releases First HPI Forecast Validation Report

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