Mortgage rates moved higher for the first time this week, ending a 3-day run at the best levels since mid-October. Today's rates are roughly in line with those seen on November 3rd. Compared to yesterday's closing levels, bond markets (which dictate mortgage rates) are roughly unchanged today. That typically corresponds with relatively unchanged mortgage rates. Today's departure from the norm is due to bond market weakness yesterday afternoon, which came on too gradually and too late in the day for most lenders to adjust rate sheets accordingly. Moreover, bond markets were actually in weaker territory this morning when lenders released today's rate sheets. That means they had to account for yesterday's bond market weakness as well as the additional AM weakness today. The bounce back in bond

November 9, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Higher as Lenders Catch Up to Yesterday's Market Moves Mortgage rates moved higher for the first time this week, ending a 3-day run at the best levels since mid-October. Today's rates are roughly in line with those seen on November 3rd. Compared to yesterday's closing levels, bond markets (which dictate ... (read more) MBS Commentary MBS Live Day Ahead: Beware Short-Term Bounce Potential But Don't Freak Out Until It's Time Bonds are beginning the day in weaker territory for one of several reasons (MBS Live members can read about them in greater detail HERE).  The weakness comes at a bad time with respect to the progress made in the past few weeks.  We're no... (read more) Rob Chrisman State-Level News, Lending Law Changes; Accounting and Forecasting Products Regardless of presidential administration, immigrants, and millions others, need places to live, and this morning a story was published about Fannie Mae entering the construction loan biz . With builders supplying about half of the calculated demand,... (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 Would "Student Loan Mortgages" Solve Homeownership Problems? In June the National Association of Realtors® (NAR) released a "working paper" from the Rosen Consulting Group and the Fisher Center for Real Estate and Urban Economics, University of California, Berkeley, detailing several barriers to homeowners... (read more) MBS Commentary MBS Live Recap: Bonds Unable to Hold Mid-Day Gains After Senate Tax Plan Bond markets began the day roughly unchanged after initially improving in the overnight session.  Domestic hours saw 10yr yields make 2 attempts to break higher with both thwarted by 2.345%.  Just after the 2nd bounce, the first leaks start... (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 99.35 -0.16 Price / Yield Change MBS UMBS 5.5 99.38 -0.13 UMBS 6.0 101.28 -0.11 GNMA 5.5 99.60 -0.17 GNMA 6.0 101.28 -0.05 Pricing as of: 7/23 1:16PM EST 10 Year US Treasury 4.3887 +0.0427 Price / Yield Change US Treasury 2 YR Treasury 3.872 +0.042 5 YR Treasury 3.927 +0.042 7 YR Treasury 4.142 +0.044 10 YR Treasury 4.387 +0.041 30 YR Treasury 4.955 +0.039 Pricing as of: 7/23 1:16PM EST Latest Video Senate releases its tax bill as House continues debate on its version Senate tax bill has 7 tax brackets, say sources Senate GOP plan would delay corporate tax cut until 2019: Washington Post Around the Web CNBC Here's how the House and Senate tax bills compare CNBC House Republicans advance tax bill, aim to bring it to a vote next week NAHB Eye on Housing How Much Water Homes Use CNBC Here's what's in the Senate Republican tax plan CNBC Senate GOP bill would delay corporate tax cut until 2019, says Washington Post Bloomberg Bonds Slump From Germany to Portugal on Concern Rally Overdone consumerfinancemonitor.com Illinois lawmakers override governor's veto of student loan servicing bill Brookings Institution Hutchins Roundup: Fed staff projection descriptions, financial networks, and more Fannie Mae Fannie Mae Announces Winner of its Latest Non-Performing ... NAHB Eye on Housing Los Angeles Takes Top Spot as Nation's Least Affordable Housing Market Calculated Risk Blog Is the stock market a bubble? Freddie Mac Freddie Mac November 2017 Insight PR Newswire Consumers Plan to Spend About the Same as Last Year on Holiday Gifts

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