Mortgage rates began the day decidedly lower than yesterday, but most lenders ended up revising rates higher in the mid-morning hours due to bond market weakness. Investors remained on edge heading into the release of the Minutes from the Fed's most recent meeting. Markets were generally prepared for the Fed Minutes to support recent Fed comments regarding faster rate hikes and a reduction the Fed's balance sheet. By continuing to reinvest proceeds from its balance sheet, the Fed is helping to keep mortgage rates much lower than they otherwise would be. The Minutes ended up being slightly less threatening than expected. Bonds consequently improved . Several mortgage lenders have offered rate sheet improvements as a result. If bond market levels were to hold here through tomorrow morning, the

February 22, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Slightly Lower After Fed Minutes Mortgage rates began the day decidedly lower than yesterday, but most lenders ended up revising rates higher in the mid-morning hours due to bond market weakness. Investors remained on edge heading into the release of the Minutes from the Fed's most ... (read more) Rob Chrisman Fannie/Freddie Legal News Not Helping Stockholders; Training and Events Are you lending in areas where LOs are receiving more calls from recruiters than they are from real estate agents? Let’s hope not. But here’s something else that’s going on: a blockchain project for syndicated loans is in the works ... (read more) Housing News Existing Home Sales and Prices Surge Despite Rate Increases Existing home sales kicked off 2017 with a spurt that brought sales of single family homes, townhomes, condos, and cooperative apartments to the fastest pace in nearly a decade . The National Association of Realtors® (NAR) said January sales were... (read more) Housing News Refinance Apps Share Keeps Pushing Post-Crisis Lows Mortgage applications activity was down slightly during the week ended February 17 compared to the previous week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, was down 2.0 percent on a seaso... (read more) MBS Commentary MBS Live Day Ahead: FOMC Minutes (What Are Those Again?) Today brings a calendar item that contains the letters "FOMC."  That's typically a big deal.  While it could also be a big deal today, the "FOMC Minutes" are more hit and miss when it comes to market movement. So what are the FOMC Minute... (read more) MBS Commentary MBS Live Recap: Bonds Recover Despite Another Record Day For Stocks Bonds came back from their 3-day weekend in weaker territory to start the overnight session.  Losses were mild at first, and then became moderate after stronger European economic data.  European bonds unsurprisingly saw the bigger share... (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 7:15PM 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 7:15PM EST Latest Video I didn't hear 'balance' or 'sheet': DiMartino Fed: Rate increase could come 'fairly soon' Futures Now: Bond market's next move Around the Web builderonline.com Listing Shortage: California House Hunters Face 10% Fewer Choices Reuters Many Fed policymakers said rate hike may come 'fairly soon': minutes Redfin 50 Ways House Hunters Can Get Ready for Homebuying Season Federal Reserve Minutes of the Federal Open Market Committee, January 31-February 1, 2017 Market Watch Capitol Report: Realtors criticize Fannie, Freddie moves they say limit inventories Redfin Nearly Half of Minority Homebuyers in a 2016 Housing Market Survey Felt They May Have Been Discriminated Against When Trying to Buy a Home CNBC Shares of Toll Brothers jump after earnings, revenue beat Calculated Risk Blog AIA: Architecture Billings Index decreased in January Reuters Existing home sales hit 10-year high in January NAHB Eye on Housing Small Gains for Single-Family Built-for-Rent Construction Bloomberg Why Trump's Immigration Crackdown Could Sink US Home Prices Bloomberg Fed's Williams Says Historically Low Interest Rates Will Persist Market Watch March, May or June? Fed minutes may hold clues on timing of next interest-rate hike

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