Mortgage rates fell today despite relatively uneventful movement in underlying bond markets (which drive day to day changes in rates). The net improvement can be explained by the timing of yesterday's improvement. Simply put, bonds improved late in the day (following the 2pm release of the Fed Minutes). That market improvement was too late in the day for some lenders to reissue rate sheets. Lenders who DID improve yesterday afternoon nonetheless held back just a bit, as it's customary to make sure late day market gains stick around the following morning before fully adjusting rate sheets to reflect the gains. For the average borrower at the average lender, this equates to a modest reduction in the upfront costs associated with the same old rates that have been in play all week. Most lenders

May 25, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Improve as Lenders Catch up With Yesterday's Gains Mortgage rates fell today despite relatively uneventful movement in underlying bond markets (which drive day to day changes in rates). The net improvement can be explained by the timing of yesterday's improvement. Simply put, bonds improved late in t... (read more) Housing News Freddie Mac Pulls a 180 in Housing Outlook Rather than taking a step back this year, home sales now seem ready to best their 2016 numbers. Freddie Mac's economists admit that, up until this month, their expectations were for the former (i.e. a 'step back'), but based on recent data, they now ... (read more) Housing News Watt Says FHL Home Bank Activity Tops $1 Trillion It often gets lost in the shuffle, but the Federal Housing Finance Agency (FHFA) is not just the regulator and conservator of the government sponsored enterprises Fannie Mae and Freddie Mac, it also regulates the Federal Home Loan Banking System (FHL... (read more) Rob Chrisman PHH v. CFPB - Recording of the Arguments, a Webinar About Yesterday's Action, What's Next? Montana may have its issues with politicians vying for the WWE title belt, but the state does seem to steer clear of cyberattacks. At least, it does in this hypnotic hacking attempt map . PHH & CFPB drama continues Yesterday the Court of Appeals ... (read more) MBS Commentary MBS Live Day Ahead: Auction Cycle Ends; Bonds Still Have a Shot Tuesday of this week was a bit alarming for bond markets as it introduced the possibility that yields were opting for upward momentum after bottoming out amid last week's political drama.  If we'd seen additional weakness yesterday, the case mi... (read more) MBS Commentary MBS Live Recap: Bonds Begin Heading For The Exits, Hoping to Avoid Drama After seeing today's trading--especially when we consider it in the context of recent technical levels and yesterday's bounce around 2.25% in 10yr yields--it seems increasingly clear that bonds are doing that thing they sometimes do as the weekend ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.92 +0.07 Price / Yield Change MBS UMBS 5.5 99.92 +0.07 UMBS 6.0 101.62 +0.06 GNMA 5.5 100.06 +0.09 GNMA 6.0 101.47 +0.06 Pricing as of: 7/3 12:51AM EST 10 Year US Treasury 4.2617 -0.0181 Price / Yield Change US Treasury 2 YR Treasury 3.766 -0.022 5 YR Treasury 3.847 -0.020 7 YR Treasury 4.036 -0.020 10 YR Treasury 4.262 -0.018 30 YR Treasury 4.788 -0.021 Pricing as of: 7/3 12:51AM EST Latest Video Closing Bell Exchange: Investors continue to look at fundamentals Q2 GDP tracking 3% after trade data Initial jobless claims up 1,000 to 234,000 Around the Web Calculated Risk Blog FOMC Minutes: More details on Balance Sheet Reduction Bloomberg Luxury Homes in Manhattan Are Finally Getting Cheaper - Bloomberg NAR - Realtor.com Sacramento Is California's Newest Real-Estate Hot Spot CNBC Trump budget could have big news for Fannie and Freddie Fannie Mae Fannie Mae Announces Third Front-End Credit Insurance Risk ... CNBC Fed's Brainard says global economy 'brighter,' less risk to Fed outlook NAHB Eye on Housing Multifamily Developer Confidence Dips in First Quarter as Market Levels Off Freddie Mac Mortgage Rates Drop to Lowest of 2017 CNBC Jobless claims rose slightly, but four-week average is at a 44-year low CNBC US Treasurys higher as bond investors await Fed speeches, data; OPEC eyed Market Watch Sick of renting? 5 signs you're ready to buy a home CNBC Fed balance sheet unwind 'absolutely' reduces chance of more rate hikes: Former Dallas Fed advisor Calculated Risk Blog Black Knight: Mortgage Delinquencies Increased in April

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