Mortgage rates were relatively unchanged today, but only after averaging the disparate changes from various lenders. That means some lenders are in much better shape versus yesterday while others are noticeably worse. This sort of disparate movement isn't typical of mortgage rates across lenders, but it can happen when underlying bond markets experience volatility on back-to-back afternoons. That was indeed the case over the past 48 hours. Bond markets weakened (which pushes rates higher) yesterday afternoon, but only a handful of lenders issued reprices (new, higher rates, in response to intraday market movement). Today's volatility was in our favor resulting in several lenders issuing POSITIVE reprices. Bonds made gains into the afternoon after Trump's tax plan was released. Stock markets

April 26, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.20% -0.02%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Apr 26, 2017 Mortgage Rates Hold Ground After Tax Plan Release Wed, Apr 26, 2017 3:59PM Mortgage rates were relatively unchanged today, but only after averaging the disparate changes from various lenders. That means some lenders are in much better shape versus yesterday while others are noticeably worse. This sort of disparate movement isn't typical of mortgage rates across lenders, but it can happen when underlying bond markets experience volatility on back-to-back afternoons. That was indeed the case over the past 48 hours. Bond markets weakened (which pushes rates higher) yesterday afternoon, but only a handful of lenders issued reprices (new, higher rates, in response to intr... (read more) Mortgage Rates Highest in 2 Weeks Tue, Apr 25, 2017 4:21PM Mortgage rates moved moderately higher again higher today, as global financial markets continued reacting to recent geopolitical flashpoints (like the French election, discussed yesterday). Markets are also moving in anticipation of future flashpoints (like tomorrow's tax reform announcement). In general, investors have piled back into riskier assets like stocks because the French election reduces long-term risks to the European Union. Investors previously were more willing to buy bonds--a safe haven asset frequently used to insulate investors from increased risk. The prospects for tax reform ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.20% -0.02 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.64 -0.08   95.05 99.96 UMBS 30YR 5.5 101.07 -0.02   97.47 101.28 10 YR Treasury 4.041 +0.011   3.932 4.780 MBS Live Day Ahead: After Exiting Friendly Trend, Bonds Wait on Tax Plan for Next Cue Wed, Apr 26, 2017 9:48AM The order of the day and week for domestic bond markets has been and will continue to be the break out from the recently friendly trend toward lower rates that began in mid-March.  We've been eyeing this breakout since last Friday when a combina... (read more) MBS Live Recap: Bond Weakness Looking More and More Serious Tue, Apr 25, 2017 4:56PM With a 2nd day of fairly strong selling pressure in bond markets, the recent trend toward lower rates has been forcefully called into question.  You can see the potential breakout from that trend in the chart below (I'll mark it up and dis... (read more) MBS Price Change UMBS 4.5 97.75 -0.01 UMBS 5.0 99.65 -0.08 UMBS 5.5 101.08 -0.01 GNMA 4.5 97.72 -0.02 GNMA 5.0 99.84 -0.09 GNMA 5.5 100.88 -0.05 Pricing as of: 10/16 10:19AM EST US Treasury Yield Change 2 YR Treasury 3.499 -0.001 5 YR Treasury 3.620 +0.001 7 YR Treasury 3.805 +0.001 10 YR Treasury 4.032 +0.003 30 YR Treasury 4.628 +0.001 Pricing as of: 10/16 10:19AM EST Other News Falling Rates Stoke Refinancing Wed, Apr 26, 2017 10:04AM Mortgage application volume rose during the week ended April 21, solely from a significant increase in refinancing. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, was up 2.7 percent on a seasonally adjusted basis from the week ended April 14, and rose 3.0 percent on an unadjusted basis. The Refinance ... (read more) Vendor News; AOT Mini-Bulk Execution; Fannie's Student Loan Endeavor Wed, Apr 26, 2017 8:44AM How about this quote from the tech world? “If you're not paying for the product, you are the product.” If you don't want companies to collect and sell your data, like your e-mail, you can disconnect it from Google's security page . Go to "Connected apps & sites" click " Manage apps ." Products For brokers, Orion Lending announced the release ... (read more) Latest Video Homebuyer demand suddenly falling off as inventory keeps shrinking Mnunchin: This will be biggest tax cut in US history Mnunchin: Our objective is to simplify taxes Around the Web Freddie Mac Freddie Mac Issues Monthly Volume Summary for March 2017 feedproxy.google.com Homeownership in the Crosshairs of Latest Tax Plan CNBC Op-Ed: Here's the biggest problem with Trump's tax plan NPR Trump Administration Proposes 'Significant' Tax Overhaul And Tax Cut Plan NAR - Realtor.com More Homeowners Pay for Repairs With Credit Cards Reuters U.S. House may consider bill to fund government for a week: source CNBC The White House just outlined its tax plan. Here's what's in it Calculated Risk Blog New Home Prices CNBC Homebuyer demand suddenly falling off as inventory keeps shrinking CNBC Two huge markets are sizing up Trump and making radically different bets CNBC Treasury's Mnuchin confirms Trump will seek 15 percent corporate tax rate CNBC Treasury's Mnuchin: This is going to be the biggest tax cut and largest tax reform in our country's history CNBC Lowest mortgage rates since election push refinances up 7%

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