Mortgage rates moved slightly lower today, despite movement in bond markets that would have suggested otherwise. The paradoxical strength is likely due to the fact that bonds improved faster yesterday without mortgage lenders adjusting rate sheets accordingly. In other words, we began the day with an advantage thanks to lenders being overly cautious yesterday. From here we could even see a few lenders adjust rate sheets for the better as bonds have managed to find their footing at the end of the day. To put this talk of "improved rates" in context, many prospective borrowers would not see any difference between today's loan quotes and yesterday's. Some lenders didn't make any changes. Others merely offered modest reductions in upfront costs. It's only when we look at the average lender and

December 15, 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 Dec 15, 2017 Mortgage Rates Hold Recent Lows Fri, Dec 15, 2017 3:34PM Mortgage rates moved slightly lower today, despite movement in bond markets that would have suggested otherwise. The paradoxical strength is likely due to the fact that bonds improved faster yesterday without mortgage lenders adjusting rate sheets accordingly. In other words, we began the day with an advantage thanks to lenders being overly cautious yesterday. From here we could even see a few lenders adjust rate sheets for the better as bonds have managed to find their footing at the end of the day. To put this talk of "improved rates" in context, many prospective borrowers would not see any ... (read more) Mortgage Rates Hold On to Lower Levels After Tax Bill Doubts Thu, Dec 14, 2017 3:51PM Mortgage rates held on to yesterday's gains in most cases. Some lenders were even in slightly better shape today, but not enough to have an effect on anything beyond the upfront costs associated with any given rate quote. Rates themselves would be right in line with yesterday's. That's not a bad thing considering yesterday afternoon brought effective rates near their lowest levels of the month. In this case, lower "effective rates" refer to lower upfront closing costs (or higher lender credits) for the prevailing top tier conventional 30yr fixed rates of 4.0%. Bond markets (which underlie inte... (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: Is There a Common Theme For Bonds at Year-End? Fri, Dec 15, 2017 9:15AM From time to time, a discussion will start up among MBS Live community members regarding certain habits for certain months of the year.  Some popular observations have been "bonds always sell-off in October" and "there's always volatility in ... (read more) MBS Live Recap: Stocks Lose, Rates Recover on Tax Bill Fears Thu, Dec 14, 2017 4:55PM Bonds began the day in weaker territory partly due to a correction from yesterday's strong run in the afternoon, and partly due to stronger economic data in Europe.  Domestic economic data was stronger too, with Retail Sales coming in at 0.8 versus a median forecast of 0.3.  The previous reading was also revised up to 0.5 from 0.2. In the past,... (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 Freddie and Fannie May Get Another Jumpstart Fri, Dec 15, 2017 11:22AM There has been a flurry of news about the two GSEs, Fannie Mae and Freddie Mac, in the last few weeks. The House Financial Services Committee recently advanced H.R. 4560, the GSE Jumpstart Reauthorization Act of 2017 to the full house for consideration. The proposed bill extends the GSE Jumpstart Act through January 1, 2019, and was approved 33-27. The Jumps... (read more) THL Invests in G-Rate; Fair Lending and HMDA News Fri, Dec 15, 2017 9:20AM Originators, who work with plenty of renters who want to be owners, should know that the Harvard Joint Center tells us that, “We’re finally seeing the record growth in renters slow down, but while the market has responded to rental housing needs for higher-income households, there are alarming trends that suggest a growing inability to supply hou... (read more) Latest Video Half the benefit of tax reform priced in for retail stocks: Analyst Santelli Exchange: The reversal of 'distortions' Marco Rubio will support GOP tax bill after child tax credit tweaks, source... Around the Web Reuters Fed's rosy economic scenario leaves inflation puzzle for Powell CNBC Fed's Quarles will recuse himself from participating in matters specific to Wells Fargo Reuters Republicans finish tax bill, will release details later in day consumerfinancemonitor.com CFPB data collection freeze impacting CFPB examinations Bloomberg Treasuries Are the Least Volatile Since the 1960s Calculated Risk Blog Q4 GDP Forecasts CNBC Your next home rental agent may be a robot CNBC Fed's Evans says was against rate hike over inflation concerns Calculated Risk Blog Industrial Production Increased 0.2% in November CNBC Changes are coming in the tax bill to be released Friday, and here are some of the reasons for them Bloomberg Fannie-Freddie Talks Focus on Finding Rivals for Mortgage Giants Reuters Wall Street falls as investors fret about tax bill passage Bloomberg It's Trump's Fed Now

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