Mortgage rates moved lower for a 2nd straight day. This helps undo virtually all of the damage done by the first 3 days of the week. In other words, today's rates are right in line with last Friday's after having been noticeably higher for the past 4 days. There were no significant economic reports or market-moving headlines today as markets were instead focused on limiting their exposure to volatility over the upcoming 3-day weekend. On that note, keep in mind that banks and most mortgage lenders will be closed on Monday for the Presidents Day holiday. 4.25% remains the most prevalent conventional 30yr fixed rate on top tier scenarios, although a handful of lenders moved back down to 4.125% yesterday and today. Borrowers being quoted the same "note rate" as yesterday are seeing today's improvement

February 17, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Slightly Lower to End Week Mortgage rates moved lower for a 2nd straight day. This helps undo virtually all of the damage done by the first 3 days of the week. In other words, today's rates are right in line with last Friday's after having been noticeably higher for the past 4... (read more) Housing News GSE Profits Put Taxpayers More Than $78 bln Ahead Fannie Mae and Freddie Mac (the GSEs) each reported positive financial results for the fourth quarter of 2016. The two have posted nearly uninterrupted quarterly profits, (Freddie Mac had a net loss of $354 million in the first quarter of 2016) since... (read more) Housing News 17 Percent of Consumers Unaware That Mortgages Involve Closing Costs Despite the regulations imposed by the Truth-in-Lending/RESPA Integrated Disclosure (TRID) rules and disclosure forms in October 2015, some homebuyers still say their final closing costs caught them by surprise . Some appear to have been unaware that... (read more) Rob Chrisman Product, Appraisal News; Upcoming Events; FHA/NHF/Sapphire Drama; SoFi, Altisource, Blackstone In lender and regulator news, SoFi (Social Finance) is reportedly close to raising $500 million in fresh funds from an investor group led by Silver Lake & SoftBank. Bloomberg reported that during an earnings call this week Blackstone Mortgage Tru... (read more) MBS Commentary MBS Live Recap: Week Ends Roughly Where it Began, with Bonds Drifting For all the sturm and drang seen in the middle of the week, trading levels somehow managed to hit today's 3pm close almost perfectly in line with Monday morning's levels.  As expected, Monday and Friday were relative non-events, given that nei... (read more) Housing News NAR Releases New Measure of Affordability The National Association of Realtors ® and on-line real estate marketplace have unveiled a new housing affordability model . The model uses data on mortgages, state-level income information, and real estate listings to derive two measures of avai... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 2:17PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 2:17PM EST Latest Video Pro: Still think Yellen is setting the policy path for the Fed Economics or Trump leading the markets? Volatility hits 55-year low Around the Web CNBC Marine Le Pen could 'blow up' the European Union, and the fear's starting to show NAR - Realtor.com The Misleading Math Behind the Rent vs. Buy Calculation Redfin How to Create a Floor Plan Before You Move Into Your New Home NAFCU Huizenga reintroduces mortgage points-and-fees bill CFPB Monitor CFPB seeking information on use of alternative data in credit process, including by small business lenders Calculated Risk Blog Quarterly Housing Starts by Intent Fannie Mae Fannie Mae Reports Annual Net Income of $12.3 Billion and ... Market Watch Capitol Report: Fannie, Freddie paying $10 billion in dividends to Treasury Calculated Risk Blog Phoenix Real Estate in January: Sales up 16%, Inventory down 8% NAHB Eye on Housing New Single-Family Home Size Trends Calculated Risk Blog Comments on January Housing Starts Bloomberg ECB Willing to Bend Its QE Rules in Push to Keep Up Stimulus NAHB Eye on Housing Housing Affordability Remains Favorable Even as it Hits an Eight-Year Low

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