Mortgage rates were unchanged today, on average, marking the second straight day with minimal change near the highest levels in more than 2 months. For most lenders, that means conventional 30yr fixed rate quotes near 4.0% on top tier scenarios. So far this week, day-to-day changes have been limited to the upfront closing cost side of the equation (as opposed to interest rates themselves). While this can have a slight impact on the overall cost of financing, it doesn't change the "note rate" attached to a new mortgage. Underlying financial markets have been fairly calm for the past 2 days despite successive all-time highs in stocks. The economic data and events that motivate bond markets (which dictate mortgage rates) have been absent, but that's set to change heading into the 2nd half of the

October 3, 2017 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 Oct 3, 2017 Mortgage Rates Roughly Unchanged Near Recent Highs Tue, Oct 3, 2017 3:36PM Mortgage rates were unchanged today, on average, marking the second straight day with minimal change near the highest levels in more than 2 months. For most lenders, that means conventional 30yr fixed rate quotes near 4.0% on top tier scenarios. So far this week, day-to-day changes have been limited to the upfront closing cost side of the equation (as opposed to interest rates themselves). While this can have a slight impact on the overall cost of financing, it doesn't change the "note rate" attached to a new mortgage. Underlying financial markets have been fairly calm for the past 2 days desp... (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 5.5 101.22 -0.06   97.47 101.61 UMBS 30YR 6.0 102.47 -0.07   99.66 102.50 10 YR Treasury 4.065 +0.026   3.621 4.780 MBS Live Day Ahead: Absence of Data Leaves Focus on The Negative Trend Tue, Oct 3, 2017 9:05AM Bond markets are in the throes of their worst uptrend in yields since the November presidential election.  Granted, trading levels are still roughly in the middle of the post-election range, but that's precious little consolation next to the p... (read more) MBS Live Recap: Small Gains Leave Broader Losses Intact Tue, Oct 3, 2017 4:36PM Both yesterday and today have been the sort of days that just haven't mattered in the slightest for bond markets. Yesterday was spent consolidating the losses seen through the end of last week.  Today saw a similar consolidation, despite trading levels finishing slightly stronger compared to yesterday's close.  Before getting too excited about th... (read more) MBS Price Change UMBS 5.0 99.70 -0.08 UMBS 5.5 101.24 -0.04 UMBS 6.0 102.48 -0.06 GNMA 5.0 100.02 -0.05 GNMA 5.5 101.19 +0.00 GNMA 6.0 102.13 -0.05 Pricing as of: 9/9 6:59AM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.011 5 YR Treasury 3.576 +0.014 7 YR Treasury 3.784 +0.016 10 YR Treasury 4.060 +0.021 30 YR Treasury 4.718 +0.028 Pricing as of: 9/9 6:59AM EST Other News Variation in Real Estate Taxes Depend on More than Geography Tue, Oct 3, 2017 11:14AM The highest property taxes in 2016 were paid by homeowners New Jersey, and the lowest were in Alabama. The difference between the two was impressive; $7,707. Using the Census Bureau's 2016 American Community Survey, the National Association of Home Builders (NAHB) charts and tries to explain the distribution of real estate taxes (RET) nationwide. The data sh... (read more) Home Price Appreciation Moves Back Toward 7% - CoreLogic Tue, Oct 3, 2017 10:27AM Home prices posted strong increases again in August. CoreLogic's Home Price Index was up 0.9 percent on a month-over-month basis, the same gain it posted from June to July. However, on an annual basis appreciation increased from 6.7 percent in July to 6.9 percent. It was the largest year-over-year gain since a 7.1 percent increase posted in March. Only one s... (read more) Vendor Primary and Secondary Market Updates; HomeStreet Restructure Tue, Oct 3, 2017 9:18AM Sunday this industry lost a brother and a friend in the senseless and selfish Las Vegas massacre. Brian Fraser was an awesome husband, father, originator, leader, and coach. Todd Duncan and High Trust have created the brianfraserfund.com to raise money to help Brian's wife Stephanie and their four children as they navigate this tragic loss. Vendor Market New... 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