Compared to yesterday, mortgage rates are either a little bit higher or lower depending on the lender at the moment. On average, they've inched just past last Friday's levels, meaning they're the lowest in 2 weeks . As nice as that sounds, it's worth noting that we're really splitting hairs here. Most anyone pricing out a mortgage right now won't see any difference in their rate quote over the past few days. The biggest drop occurred last Friday and we haven't seen appreciable movement since then. Most lenders continue to quote conventional 30yr fixed rates in a range of 4.0-4.25% for top tier scenarios, with 4.125% being the most prevalent. 4.0% is the runner-up and the laggards are still up at 4.25%. In the bigger picture , we've been looking for confirmation that the recent trend toward

May 16, 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 May 16, 2017 Mortgage Rates Back at 2-Week Lows Tue, May 16, 2017 2:50PM Compared to yesterday, mortgage rates are either a little bit higher or lower depending on the lender at the moment. On average, they've inched just past last Friday's levels, meaning they're the lowest in 2 weeks . As nice as that sounds, it's worth noting that we're really splitting hairs here. Most anyone pricing out a mortgage right now won't see any difference in their rate quote over the past few days. The biggest drop occurred last Friday and we haven't seen appreciable movement since then. Most lenders continue to quote conventional 30yr fixed rates in a range of 4.0-4.25% for top tier... (read more) Mortgage Rates Mostly Hold Last Week's Gains Mon, May 15, 2017 6:28PM Mortgage rates were s teady to slightly higher today, largely maintaining the improvements seen last week. Underlying financial markets were calm and very few lenders adjusted rate sheets during the day. Last week's gains happened all at once on Friday. They fully erased an entire week's worth of rising rates. That said, most of the movement in recent weeks has occurred in a very narrow range overall. The average borrower will have seen a quarter of a percentage point of movement at the most. When rates fell last Friday, we were looking to the current week in order to confirm the potential shi... (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 99.73 +0.00   95.05 99.96 UMBS 30YR 5.5 101.10 +0.01   97.47 101.28 10 YR Treasury 4.024 -0.005   3.932 4.780 MBS Live Day Ahead: Sideways Momentum The Risk as Stocks Threaten Breakout Tue, May 16, 2017 9:06AM I'll be one of the first to tell you that traditional concept of stock prices moving in the same direction in bond yields breaks down when viewing longer time frames.  But in the shorter term, we frequently see them paying attention to each ot... (read more) MBS Live Recap: Slow Start to Week; Still Waiting For Firmer Confirmation Mon, May 15, 2017 6:55PM Last week ended with the hope that rates were breaking below the uptrend that had been in place since mid-April.  Certainly, if we had to judge that breakout from one day's trading, Friday was enough to get us well clear of the trend.  As always, however, we wanted to see the breakout exhibit some staying power. Arguably, it did that today, but... (read more) MBS Price Change UMBS 4.5 97.74 -0.01 UMBS 5.0 99.73 +0.01 UMBS 5.5 101.11 +0.01 GNMA 4.5 97.76 +0.02 GNMA 5.0 99.97 +0.03 GNMA 5.5 101.01 +0.08 Pricing as of: 10/16 5:34AM EST US Treasury Yield Change 2 YR Treasury 3.495 -0.005 5 YR Treasury 3.613 -0.007 7 YR Treasury 3.799 -0.006 10 YR Treasury 4.024 -0.005 30 YR Treasury 4.617 -0.009 Pricing as of: 10/16 5:34AM EST Other News April Permits, Starts, Slip from March Levels Tue, May 16, 2017 9:08AM All three residential construction measures for April were lower than those in March. The Census Bureau and the Department of Housing and Urban Development said housing permits, starts, and completions all declined on a month-over-month basis but all remained higher than their April 2016 levels. Permits for privately owned housing units were at a seasonally ... (read more) State-Level Changes; Upcoming Events and Training Tue, May 16, 2017 9:18AM In compensation news, Merrill Lynch's wealth management unit will discontinue signing bonuses for experienced brokers beginning June 1, instead focusing recruitment efforts on attracting and training young professionals. The move is calculated to attract young talent in an aging industry. Company & legal news Analysts continue to react to Impac Holding's... (read more) Latest Video Santelli Exchange: Fund flows and the economy April industrial production up 1.0% vs. 0.4% (est.) April housing starts down 2.6% Around the Web Freddie Mac Expanded Freddie Mac AIMI(SM) Shows Seasonal Slowdown; Continued Strength of Multifamily Market NAR - Realtor.com What Slowing New Home Construction Means for the Housing Market Bloomberg New Way to Short Home Loans May Give a Boost to Mortgage-Bond Market CNBC Home builders are targeting millennials but it will hit their margins Reuters Democrats in U.S. Senate try to slow Republican deregulation Calculated Risk Blog MBA: Mortgage Delinquencies Decreased in Q1, Foreclosures Decreased CNBC Are you confused by Russia and Trump? Here's everything that happened over the last week CNBC The salary you need to afford a home in 20 major US cities Reuters S&P, Nasdaq open at record intraday highs CNBC US industrial production rose 1.0% in April vs. 0.4% increase expected CNBC US housing starts fell 2.6% in April Gallup Americans' Confidence in Economy at Post-Election Low builderonline.com More and More Renters Choosing Suburbs Instead of Cities, Survey Finds

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