Mortgage rates continued lower today, despite an absence of improvement in underlying bond markets. That's not too surprising considering the average lender didn't fully adjust yesterday's rates to reflect market improvements. Unlike yesterday, today was essentially flat for bond markets as investors prepare for 2 days of information from and about the Fed. Tomorrow brings the Fed's official policy announcement . While Fed announcements certainly CAN have a lot of impact on rates, that isn't terribly likely to be the case tomorrow. Investors are almost certain the Fed won't move rates at this meeting and instead opt to do so at the December meeting. Of greater importance (and of more interest to investors) is Trump's pick to replace Janet Yellen as the Chair of the Federal Reserve. That announcement

October 31, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.00% -0.22%   6% 7.45% Compare Mortgage Rates from Local Lenders for Oct 31, 2017 Mortgage Rates Down to 2-Week Lows Tue, Oct 31, 2017 3:49PM Mortgage rates continued lower today, despite an absence of improvement in underlying bond markets. That's not too surprising considering the average lender didn't fully adjust yesterday's rates to reflect market improvements. Unlike yesterday, today was essentially flat for bond markets as investors prepare for 2 days of information from and about the Fed. Tomorrow brings the Fed's official policy announcement . While Fed announcements certainly CAN have a lot of impact on rates, that isn't terribly likely to be the case tomorrow. Investors are almost certain the Fed won't move rates at this ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.00% -0.22 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.65 -0.03   95.05 99.96 UMBS 30YR 5.5 101.06 -0.02   97.47 101.28 10 YR Treasury 4.040 +0.012   3.932 4.780 MBS Live Recap: Uncharacteristically Quiet Month-End Trading Session Tue, Oct 31, 2017 4:48PM Today was the last day of trading for the month of October.  That means money managers had to get a certain amount of bond buying accomplished in order to match their portfolios to the bond indices included in their funds.  While much of this month-end position shuffling is accomplished in the preceding days, the final day of any given month typica... (read more) MBS Price Change UMBS 4.5 97.65 -0.04 UMBS 5.0 99.63 -0.04 UMBS 5.5 101.06 -0.03 GNMA 4.5 97.73 +0.03 GNMA 5.0 99.79 -0.04 GNMA 5.5 100.86 -0.04 Pricing as of: 10/15 3:17PM EST US Treasury Yield Change 2 YR Treasury 3.505 +0.022 5 YR Treasury 3.629 +0.024 7 YR Treasury 3.815 +0.017 10 YR Treasury 4.045 +0.016 30 YR Treasury 4.642 +0.012 Pricing as of: 10/15 3:17PM EST Other News Homeownership Stuck in Neutral as Rents Rise Tue, Oct 31, 2017 12:47PM The overall homeownership rate barely budged in the third quarter of 2017, and remains only 1 percentage point above its all-time low reached in the second quarter of last year. The U.S. Census Bureau put the current rate at 63.9 percent. In the second quarter of 2017 63.7 percent of households owned a home. The stubbornly low rate has troubled economists an... (read more) Home Prices Appear Unstoppable Tue, Oct 31, 2017 10:14AM It is increasingly hackneyed to say it, but home price appreciation accelerated yet again in August. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, increased by 6.1% on a year-over-year basis, outpacing annual increase reported for July by 0.2 percentage point. It was the largest gain thus ... (read more) CFPB Unveils Early Warning System for Mortgage Delinquencies Tue, Oct 31, 2017 9:23AM A new tool to measure the nation's largest consumer credit market came on-line this week. The new Mortgage Performance Trends tool, launched by the Consumer Financial Protection Bureau (CFPB) has the capacity to track the delinquencies in the $10 trillion mortgage market both locally and nationwide. CFPB said that knowing when consumers have fallen behind in... (read more) Digital Mortgage Product; Lender and Investor Disaster Updates Tue, Oct 31, 2017 9:18AM Hard to believe it is Halloween already, and lenders everywhere are mired down in contests. (“Remember the shipping department’s M*A*S*H get-up last year?” “I’m convinced the accounting department rigged the books last year on the vote.” “I still think post-closing’s vampire brothel a few years ago was the best... (read more) Latest Video Homebuilder stocks rallying after data shows surging home prices House Financial Services Chairman Jeb Hensarling will not run for re-electi... Homebuilder creates school to help ease labor shortage Around the Web Reuters Property tax deal near, Republicans sprint for bill CNBC Chair of House Financial Services Committee will not run for re-election in 2018 Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in August CNBC Trump says he wants House to pass tax reform by Thanksgiving Redfin 6 Steps for Preparing Your Home for Winter Calculated Risk Blog HVS: Q3 2017 Homeownership and Vacancy Rates CNBC Consumer confidence hits 125.9 in October vs expectation of 121 PR Newswire Homeowners Should Winterize Now, Appraisal Institute Says PR Newswire DebtX: CMBS Loan Prices Decrease In September CNBC Case-Shiller home price index rises 6.1% year-over-year in August Brookings Institution Yet more evidence that housing affordability is getting worse Freddie Mac Freddie Mac Reports Third Quarter 2017 Financial Results The Atlantic The U.S. Isn't Prepared for the Next Recession

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