For the third day in a row, mortgage rates set new 2017 lows this morning. But as bond markets weakened into the afternoon, several lenders recalled rate sheets for "negative reprices." This brought the afternoon's rate sheet offerings back in line with those seen on Thursday afternoon. Although that's slightly worse than this morning, rates are still effectively at 2017 lows. The average lender continues to quote 4.0% on top tier conventional 30yr fixed scenarios. Any changes from Thursday would be seen in the form of slightly higher upfront costs. Many borrowers will see no difference. While there were several economic reports today, investors remain more interested in geopolitical developments, stock prices, and currency fluctuations. Indeed, today's bounce in rates coincided with a bounced

April 17, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Fairly Steady Near 2017 Lows For the third day in a row, mortgage rates set new 2017 lows this morning. But as bond markets weakened into the afternoon, several lenders recalled rate sheets for "negative reprices." This brought the afternoon's rate sheet offerings back in line w... (read more) Housing News CFPB Invites Comments on HMDA Rule Clarifications The Consumer Financial Protection Bureau (CFPB) has inviting comment periods on changes to its Home Mortgage Disclosure Act (HMDA) reporting rule. CFPB Director Richard Cordray said the proposed changes are designed to facilitate compliance with its ... (read more) Housing News Builder Confidence Ebbs, But Still Solid Overall Even though overall builder confidence retreated from March levels, the National Association of Home Builders (NAHB) called the April reading of the NAHB/Wells Fargo Housing Market Index (HMI) "solid." The index dropped from what NAHB said was an unu... (read more) MBS Commentary MBS Live Week Ahead: The Trend is Our Friend (Until It's Not) On Good Friday (when markets were closed), both Retail Sales and the Consumer Price Index came out weaker than expected.  Of particular interest is the fact that Core year-over-year CPI fell back to +2.0% vs a previous reading of +2.2% and a... (read more) Rob Chrisman Lender Earnings; Banks Adjust Asset Mix Due to Fed Moves “It was a Monday, a day like any other day. I left a small town, for the apple in decay” - so sang Foreigner many years ago. But the Big Apple’s real estate market is hardly in decay. The number of Manhattan real estate sales (about... (read more) MBS Commentary MBS Live Recap: Bonds Start Strong But Fade Thanks to Stocks/Dollar Today was destined to be a lower-volume session simply because it's the Monday after Good Friday.  That means many US market participants are still out of the office and the entirety of European markets is closed for Easter (observed as a Monday... (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 99.41 -0.10 Price / Yield Change MBS UMBS 5.5 99.34 -0.16 UMBS 6.0 101.30 -0.10 GNMA 5.5 99.61 -0.17 GNMA 6.0 101.26 -0.06 Pricing as of: 7/23 1:09PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.872 +0.042 5 YR Treasury 3.929 +0.044 7 YR Treasury 4.143 +0.045 10 YR Treasury 4.389 +0.043 30 YR Treasury 4.957 +0.040 Pricing as of: 7/23 1:09PM EST Latest Video Rush into bonds a greater market risk than North Korea? Retail sales fell in March for the second straight month Weak economic growth for first quarter Around the Web Calculated Risk Blog Early Read on Existing Home Sales in April CNBC First-quarter growth was likely below 1%, according to latest survey Calculated Risk Blog Phoenix Real Estate in March: Sales up 9%, Inventory down 10% YoY Market Watch Unlike Yellen, rumored new Fed bank supervision chief supports rule-based interest rates CNBC Atlanta and NY Fed cut US first quarter GDP view after weak data CNBC Homebuilder sentiment slips 3 points to 68 in April Calculated Risk Blog NY Fed: Empire State Manufacturing Index indicates slower expansion in April builderonline.com Millennials Do Want to Own Homes, Survey Shows CNBC US Treasurys rise amid geopolitical tensions The Basis Point Amazon CEO Jeff Bezos just redefined Day 1 Certainty for mortgage execs Market Watch The Tell: Trump trade' reversal is afoot as money flows to bonds Market Watch Jamie Dimon says fixing mortgage industry would boost lending by $300 billion a year CNBC 2017 shaping up to be fastest housing market on record

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