Mortgage rates were best described as " unchanged " today, although that may not be the case tomorrow. The afternoon hours saw bond markets (which dictate rate movement) come under some pressure. In the grand scheme of things, that pressure reinforces the narrow range we've been watching over the past few months. In the context of today's rate sheets, it was enough weakness for a few lenders to issue "reprices" (mid day rate changes--in this case, higher). Most lenders didn't raise rates today because bond markets didn't weaken enough to justify it. That said, the weakness still occurred, and unless things improve overnight, lenders will need to account for it in tomorrow morning's rates sheets. In other words, we start tomorrow with a bit of handicap, all other things being equal. In the morning

December 7, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Rates Only Slightly Higher Despite Bond Market Weakness Mortgage rates were best described as " unchanged " today, although that may not be the case tomorrow. The afternoon hours saw bond markets (which dictate rate movement) come under some pressure. In the grand scheme of things, that pressure reinforce... (read more) Rob Chrisman Servicing News; FHA and VA Update; US Bank Exits Wholesale Upset that Richard Cordray has left the CFPB and is officially running for governor of Ohio ? Bored with lending here, and want to go into the home financing business in Africa? Per AllAfrica, Tanzania leads the pack with mortgage rates at 18% . The ... (read more) Housing News Homeowner Equity Gain Averages in Double Digits Nine years after what is acknowledged as the start of the housing crisis about 2.5 million homeowners remain underwater , but that number is down by 0.7 million since the third quarter of 2016. CoreLogic said today that those homeowners remain in neg... (read more) MBS Commentary MBS Live Day Ahead: We're Supposed to Have a Tough Time Both yesterday and the day before, bonds closed in stronger territory than the previous day's close.  That's the first time that's happened since early November, and one of the few times it's happened in several months.  The other occurrenc... (read more) MBS Commentary MBS Live Recap: Best 2-Day Winning Streak in Quite a While For the purposes of this recap, "winning streak" would be defined as a day where Fannie 3.5 MBS or 10yr Treasury yields closed at better levels than the previous closing levels.  The more days in a row where that happens, the longer the winning ... (read more) MBS Commentary MBS Live Recap: Scary Up Close; Tame in Context Bond markets began the day roughly unchanged compared to yesterday afternoon's weaker closing levels.  From there, Treasuries rallied in concert with European bonds and managed to hold the modest gains through the European close.  The imp... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.92 +0.08 Price / Yield Change MBS UMBS 5.5 99.91 +0.07 UMBS 6.0 101.62 +0.05 GNMA 5.5 100.05 +0.09 GNMA 6.0 101.46 +0.06 Pricing as of: 7/3 4:53AM EST 10 Year US Treasury 4.2553 -0.0245 Price / Yield Change US Treasury 2 YR Treasury 3.771 -0.017 5 YR Treasury 3.848 -0.019 7 YR Treasury 4.035 -0.021 10 YR Treasury 4.260 -0.020 30 YR Treasury 4.786 -0.023 Pricing as of: 7/3 4:53AM EST Latest Video The profits made from flipping homes continues to shrink Will companies really reinvest tax cuts in their companies? Experts weigh i... Government shutdown doesn't seem like a market priority: Expert Around the Web Reuters Exclusive: Wells Fargo sanctions are on ice under Trump official - sources CNBC Trump will start infrastructure push in January, White House officials say Calculated Risk Blog Goldman: November Payrolls Preview HUD FHA Loan Limits Released Calculated Risk Blog November Employment Preview Freddie Mac Freddie Mac Prices First Offering of Certificates Backed by Single-Family Rentals consumerfinancemonitor.com English files motion for preliminary injunction, amended complaint in CFPB Acting Director dispute CNBC The profits made from flipping homes continues to shrink Calculated Risk Blog Fed's Flow of Funds: Household Net Worth increased in Q3 Freddie Mac Freddie Mac Announces Pricing of $292 Million Multifamily Small Balance Loan Securitization Bloomberg Bill Gross: Expect a 'More Cautious and Easier Fed' Brookings Institution Hutchins Roundup: Middle-class wealth, job separation reasons and earnings, and more Brookings Institution The Hutchins Center Explains: The Chained CPI

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