Mortgage rates held steady again today, keeping them in line with the lowest levels in more than 3 weeks. They've also been uncommonly calm so far this week, which certainly isn't a bad thing when we're at 3-week lows. The calm trend began showing cracks at the end of the day in terms of underlying bond markets (movement in bonds ultimately dictates movement in mortgage rates). Bonds began to weaken in the afternoon. "Weakness" in bonds corresponds to higher rates. To put the move in context, bonds are still in better territory than they were on any day last week. In other words, the weakness is quite modest for now. The risk is that it signifies some sort of shift because of bond trading behavior over the past 2 days. To oversimplify a complex phenomenon, bonds (the ones we watch to get a

November 8, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Flat Today, But Some Signs of Pressure Mortgage rates held steady again today, keeping them in line with the lowest levels in more than 3 weeks. They've also been uncommonly calm so far this week, which certainly isn't a bad thing when we're at 3-week lows. The calm trend began showing cr... (read more) Housing News Housing Enthusiasm Ebbed After Last Month's All-Time Highs -Fannie Survey Fannie Mae blamed diminished confidence in both buying and selling a home for a 3.1 percentage point drop in its Home Purchase Sentiment Index (HPSI) last month. The Index fell, after tying the all-time high of 88.3 in September, to 85.2 in October. ... (read more) MBS Commentary MBS Live Recap: Bonds Lose Ground For 1st Time in 6 Trading Sessions After 5 days of gains for longer-term bonds (we'll lump 10yr Treasuries and the MBS coupons that matter to rate sheets into that category), today finally turned red.  How much to read into that weakness is a matter of debate.  On one h... (read more) Housing News Renters Getting Off Easy vs Owners When it Comes to Rising Payments? According to CoreLogic, it doesn't matter whether you rent or recently bought a home, your housing costs probably went up over the last year. Two separate posts in the CoreLogic Insights blog look at the rising costs, and find that homeowners are bei... (read more) Rob Chrisman FHA Changes; NY, WV, and NJ Lending Updates “These businesses are in a structurally disadvantaged position, given the challenging rate environment and marketplace,” Sanjiv Yajnik, president of financial services at Capital One, said in a memo to employees. “These factors do n... (read more) Housing News Rate Reversal Helps Market Share for Refinances Mortgage application activity was generally muted last week accoording to the Mortgage Bankers Association (MBA). Where there were changes in the MBA's Market Composite Index, they were small and without much direction. The Index, a measure of mortga... (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 6.0 101.29 -0.10 GNMA 5.5 99.61 -0.17 GNMA 6.0 101.25 -0.08 Pricing as of: 7/23 12:57PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.867 +0.038 5 YR Treasury 3.921 +0.036 7 YR Treasury 4.136 +0.037 10 YR Treasury 4.383 +0.037 30 YR Treasury 4.951 +0.034 Pricing as of: 7/23 12:57PM EST Latest Video Interest rate hikes and deregulation hopes helped drive bank stock rally: A... Zillow CEO: Housing is hot and it's a seller's market Corporate tax rate appears to be in 'limbo' once more Around the Web Reuters Paul Ryan opens door to delayed corporate tax rate cut NAR - Realtor.com Republican Tax Plan Could Grind Affordable Housing Construction to a Virtual Halt consumerfinancemonitor.com When will the CFPB formally acknowledge that Congress has repealed its arbitration rule? The Basis Point Originations: most important housing charts Oct/Nov 2017 Reuters Capital One exits mortgage loans business, cuts 1,100 jobs Calculated Risk Blog Leading Index for Commercial Real Estate "Recovers" in October CNBC Why the housing market got no Trump bump PR Newswire San Diego Home Sales Accelerating Despite Higher Prices Calculated Risk Blog Las Vegas Real Estate in October: Sales up 13% YoY, Inventory down 32% Brookings Institution Which metro areas would be hit hardest in the latest tax plan by capping the mortgage interest deduction? Bloomberg Draghi Will Miss His Chance to Raise Interest Rates, Nordea Says PR Newswire Miami Home Sales Rebound In Second Quarter, But Affordability Deteriorates According To Latest Ten-X Market Report Bloomberg Capital One Exits Mortgage Origination Business, Cuts 1100 Jobs

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