Mortgage rates were unchanged today, holding onto modest improvements seen yesterday. In many ways, the past 2 days have confirmed that rates are in limbo near the lower end of the post-election range. To be sure, they were definitively lower in mid-April, but they're much closer to recent lows than highs. More importantly, current levels have acted as a line in the sand that divides the year's lowest rates from everything else. In other words, we'd really like to remain in this zone. Whether or not that's possible may depend on next week's Fed Announcement (Wednesday afternoon). While the Fed isn't expected to hike rates this time around, investors will nonetheless attempt to pick up on clues about future policy potential. The average lender continues offering conventional 30yr fixed rates

April 28, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Unchanged Heading Into Fed Week Mortgage rates were unchanged today, holding onto modest improvements seen yesterday. In many ways, the past 2 days have confirmed that rates are in limbo near the lower end of the post-election range. To be sure, they were definitively lower in mid-... (read more) Housing News CoreLogic Sees Signs of Credit Cracks Here we go again? Sam Khater, CoreLogic's deputy chief economist, says loan performance is beginning to show some cracks in what has been a near perfect veneer. This might be an early signal of a downturn in the credit cycle. Khater is not issuing a ... (read more) Housing News Cash Sales Share Remains Stubbornly High The share of sales that are all-cash continues at an elevated level. CoreLogic reports cash transactions accounted for 36.5 percent of all home sales in January, unchanged from a year earlier. While the percentage of sales that close without third-pa... (read more) MBS Commentary MBS Live Day Ahead: Bonds Sitting on a Big Fence Heading Into Next Week's Fed Bond markets are very much on a fence at the moment with respect to short and intermediate trends.  There are a few ways we can measure this fence-sitting.  The most basic would be to look at "pivot points" that have recently made a name fo... (read more) Rob Chrisman Agency Updates; Another GSE Reform Plan; Bank M&A - Branches Still Popular For 2015, retail originators averaged total compensation of $88,415 versus $80,376 for Consumer Direct originators, per a STRATMOR Insights report on the subject. While retail originators averaged higher overall compensation, it was due to higher inc... (read more) MBS Commentary MBS Live Recap: Slightly Stronger, but Far From Finding Answers Bond markets have a question.   Will we or won't we be heading back into the sideways, post-election rate range?  for top tier mortgage rates, the range is roughly 4.125-4.25%.  For 10yr yields, it's the 2.3-2.6% range that we've been... (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 99.35 -0.16 Price / Yield Change MBS UMBS 5.5 99.39 -0.12 UMBS 6.0 101.32 -0.08 GNMA 5.5 99.63 -0.15 GNMA 6.0 101.27 -0.05 Pricing as of: 7/23 1:12PM EST 10 Year US Treasury 4.3887 +0.0427 Price / Yield Change US Treasury 2 YR Treasury 3.870 +0.040 5 YR Treasury 3.926 +0.041 7 YR Treasury 4.141 +0.043 10 YR Treasury 4.387 +0.041 30 YR Treasury 4.955 +0.039 Pricing as of: 7/23 1:12PM EST Latest Video April consumer sentiment 97.0 vs. 97.9 expectation Q1 GDP up 0.7% Yellen 'behind the curve' and playing catch up': Peter Boockvar Around the Web Reuters Congress set to vote on heading off government shutdown Calculated Risk Blog Chicago PMI increases in April CNBC Economic growth may stink, but a pickup in inflation means the Fed will raise rates Calculated Risk Blog Q1 GDP: Investment HUD Enforcing Fair Housing 49 Years after the Fair Housing Act CNBC US economic growth weakened to 0.7% in first quarter consumerfinancemonitor.com CFPB Spring 2017 Supervisory Highlights focuses on mortgage origination/servicing, student loan servicing deficiencies, service provider exams NAR - Realtor.com Working From Home? Real-Estate Developers Are Here to Help Calculated Risk Blog HVS: Q1 2017 Homeownership and Vacancy Rates CNBC Trump's tax plan alone won't get him the 3% economic growth he hopes for, Mohamed El-Erian warns Reuters Atlanta Fed cuts first-quarter GDP growth view to 0.2 percent Bloomberg Fannie and Freddie, Back in the Black Freddie Mac Mortgage Rates Increase After Weeks of Decline

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