Mortgage rates remained relatively unchanged again today. This continues the sideways trend leading into Memorial Day weekend. As the current week progresses, we can expect to see volatility increase thanks to the presence of more significant economic data. In general, bond markets (which underlie mortgage and other rates) react to strength or weakness in economic data. The more important the report and the bigger the margin by which it misses or exceeds expectations, the more movement is implied in bond markets (and thus "rates"). Friday brings the most important economic report of the month: the Employment Situation. This is the big "jobs report" that includes nonfarm payrolls (a measurement of how many jobs the economy is adding or losing) as well as the unemployment rate. In modern economic

May 30, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Sideways Near Long-Term Lows Mortgage rates remained relatively unchanged again today. This continues the sideways trend leading into Memorial Day weekend. As the current week progresses, we can expect to see volatility increase thanks to the presence of more significant economi... (read more) Housing News How Comp Adjustments Might be Distorting Appraisal Values -CoreLogic CoreLogic's analysts continue to report on the validity of appraisals. A blog entry from last December found that thirty percent of appraisals the company reviewed were at the contract price while 60 percent were above it. A new article, written by Y... (read more) Housing News Case-Shiller: No Telling When Prices, Rates Will Force Housing Slowdown Home prices across the nine U.S. census divisions hit a 33-month high in March . The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 5.8 percent from its level in March 2016, a 0.1 percentage point more than the annual increase it ... (read more) Housing News Black Knight: Prices Up 2.3 Percent Year-to-Date Black Knight Financial Services (BK), released its Home Price Index (HPI) on Tuesday. It was in general agreement with the S&P CoreLogic Case-Shiller's National Index, released at about the same time, that prices rose 5.8 percent in March compare... (read more) Rob Chrisman State-level Lending Law Changes; Servicing Trends and Packages Congrats to Indiana’s Ruoff Home Mortgage and president & CEO Mark Music. Why? The lender helped sponsor the winning Indy 500 car this weekend! Capital Markets We're on Tuesday already, but looking back to Friday U.S. Treasuries and agency ... (read more) MBS Commentary MBS Live Recap: Bonds Taking Another Run at 2017's Best Levels? Unfortunately, we won't really know until after this week is over, but if today is any indication, bond markets look like they're willing to consider another run at the best levels of 2017 .  10yr yields made it as low as 2.21% today, a mere 4b... (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 99.91 +0.07 Price / Yield Change MBS UMBS 5.5 99.90 +0.06 UMBS 6.0 101.61 +0.04 GNMA 5.5 100.05 +0.08 GNMA 6.0 101.46 +0.05 Pricing as of: 7/3 1:43AM EST 10 Year US Treasury 4.2622 -0.0176 Price / Yield Change US Treasury 2 YR Treasury 3.772 -0.016 5 YR Treasury 3.853 -0.014 7 YR Treasury 4.041 -0.015 10 YR Treasury 4.266 -0.014 30 YR Treasury 4.791 -0.018 Pricing as of: 7/3 1:43AM EST Latest Video Brainard: Slowing inflation could prompt rethink on rates Home prices continue to climb Home affordability is very good right now: Black Knight Financial Around the Web Redfin Redfin Housing Demand Index Ticks Back Up as Prime Selling Season Commences Gallup US Economic Confidence Index Stable at +3 Reuters Brainard sees U.S. rate hikes but eyeing soft inflation Reuters Atlanta Fed raises U.S. second-quarter GDP growth view to 3.8 percent Bloomberg As Fed Readies Rate Rise, Inflation Slips Further From Its Goal - Bloomberg Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in March CNBC US consumer confidence hits 117.9 in May vs expectation of 119.8 Reuters Consumer spending rises; monthly inflation rebounds Calculated Risk Blog Personal Income increased 0.4% in April, Spending increased 0.4% CNBC ECB to discuss closing door to extra stimulus next week: Sources Calculated Risk Blog Black Knight: House Price Index up 1.3% in March, Up 5.8% year-over-year CNBC US Treasurys edge higher as bond investors focus on economic data Market Watch Outside the Box: Fed's Kashkari is wrong about the housing bubble

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