Mortgage rates rose moderately today, as bond markets generally bounced back from the best levels in 8 months yesterday. Despite the bounce, rates are still in line with their best levels of the year. Only a handful of days have been any better and most of them have been in the past 2 weeks. We expected to see more volatility this week , for better or worse, and so far we've seen both. But while day-to-day movement has been bigger, it hasn't been quite big enough for many lenders to change actual "note rate" quotes--just the upfront costs associated with any given rate. In other words, many borrowers are only seeing changes in the form of slightly higher closing costs (which raised the "effective rate") as opposed to the official interest rate tied to the mortgage note. More risk-averse clients

June 15, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Bounce, But Remain Near Recent Lows Mortgage rates rose moderately today, as bond markets generally bounced back from the best levels in 8 months yesterday. Despite the bounce, rates are still in line with their best levels of the year. Only a handful of days have been any better and m... (read more) Housing News MBA Survey Predicts Rebound in New Home Sales The Mortgage Bankers Association (MBA) is expecting May to provide an uptick in new home sales. Results of MBA's Builder Application Survey indicate that applications for new home purchase mortgages increased 4 percent from April on a non-seasonally ... (read more) MBS Commentary MBS Live Day Ahead: Big Discussion About Big-Picture Bond Market Trends Yesterday's rally was a potential game changer for the "great push back" of 2017 .  That's not the official term for the past several months of general positivity in bond markets, but the underlying phenomenon is as official as it gets.   ... (read more) Housing News Builder Confidence Declines on Labor/Lot Shortages Builder confidence in the new home market appeared to take a tumble in June, per the latest survey conducted by the National Association of Home Builders (NAHB). The NAHB/Wells Fargo Housing Market Index (HMI) dropped 2 points from the May level to 6... (read more) Rob Chrisman Bank M&A; EverBank & Wells Top the Headlines; Renovator Jobs On the Rise In legal news, in Denver, the state's high court has ruled that HOAs can’t necessarily sue in construction defects disputes . A couple thousand miles away, the odds of passage are slim but Congress has finally moved forward with a bipartisan am... (read more) MBS Commentary MBS Live Recap: Post-Fed Weakness Brings Bonds Back to The Gap To be fair to the Fed, they didn't really cause most of today's weakness.  Bond markets already showed their hand with respect to yesterday's Fed events--essentially endorsing the rate hike, the forecasts, and the balance sheet plan as somethi... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.77% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.77% -0.01 0.00 15 Yr. Fixed 6.03% -0.01 0.00 30 Yr. FHA 6.35% 0.00 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% +0.01 0.00 30 Yr. VA 6.36% 0.00 0.00 Updates Daily - Last Update: 7/22 15 Yr. Fixed Rate 6.03% -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 99.39 -0.12 Price / Yield Change MBS UMBS 5.5 99.41 -0.10 UMBS 6.0 101.32 -0.08 GNMA 5.5 99.64 -0.13 GNMA 6.0 101.24 -0.08 Pricing as of: 7/23 12:09PM EST 10 Year US Treasury 4.3738 +0.0278 Price / Yield Change US Treasury 2 YR Treasury 3.856 +0.027 5 YR Treasury 3.913 +0.028 7 YR Treasury 4.128 +0.030 10 YR Treasury 4.374 +0.028 30 YR Treasury 4.943 +0.026 Pricing as of: 7/23 12:09PM EST Latest Video Wells Fargo under fire for alleged mortgage changes Fisher: Fed is going to move very slow and cautious Santelli Exchange: Bond funds on track for biggest inflow since 2009 Around the Web Calculated Risk Blog Sacramento Housing in May: Sales up 7%, Active Inventory down 14% YoY The Atlantic The Controversy Over Inflation CNBC Art Cashin warns the Fed: 'Wake up,' the economy isn't as good as it looks CNBC Why a 'bad year for bonds' has turned into a pretty good one CNBC Homebuilder confidence slips despite strong demand for new homes Redfin May Housing Market Set New Records for Low Supply, Speed and Competition Calculated Risk Blog Industrial Production Unchanged in May Reuters U.S. jobless claims fall; labor market slack diminishing Market Watch Bond Report: Treasury yields try to climb from 2017 lows CNBC Robert Shiller: Despite the Fed rate hike, I like stocks, not Treasurys CoreLogic CoreLogic Launches Storm Damage Identification Service CNBC Wells Fargo is accused of making improper changes to mortgages CNBC Markets doubt future rate hikes, disagree with Fed's glass half full view of economy

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