House Majority Leader Kevin McCarthy (R-CA) has told reporters he expects a full House vote next week on H.R. 10, The Financial Choice Act which was voted out of the Financial Services Committee (FSC) on May 4. The Act, sponsored by FSC Chairman Jeb Hensarling (R-TX) would repeal or modify many of the changes made by the Dodd-Frank Wall Street Reform and Consumer Protection Act, including broad changes in financial regulations , revising the structure of the Consumer Financial Protection Bureau, and limiting much of its authority . It also includes provisions that will affect the home mortgage industry. In the latter area, the bill would incorporate more than two dozen proposed regulatory relief bills for community financial institutions, which we include for reader's reference; H.R. 2896,

June 2, 2017 Download our Mobile App: Download our Mobile App: Housing News Many Dodd-Frank Provisions May Be on House Chopping Block Next Week House Majority Leader Kevin McCarthy (R-CA) has told reporters he expects a full House vote next week on H.R. 10, The Financial Choice Act which was voted out of the Financial Services Committee (FSC) on May 4. The Act, sponsored by FSC Chairman Jeb ... (read more) Rob Chrisman Credit Guideline Changes; Jumbo Secondary Market News In celebration of National Doughnut, or Donut, Day, let’s talk about a subset of real estate agents. The typical Realtor , and there are 1.2 million of them in NAR, is a 53-year-old female who attended college and is a homeowner - not surprisin... (read more) MBS Commentary MBS Live Day Ahead: All About NFP, But a Meaningful Reaction Might be Tough Today's only significant data point will be NFP, which is the most significant piece of scheduled economic data every month!  When the economy is in a state of change, NFP becomes an utterly dominant force in guiding big-picture trading themes... (read more) Mortgage Rate Watch Rates Edge Higher Ahead of Jobs Report Mortgage rates gave back yesterday's gains this morning following a stronger-than-expected employment report from ADP. While this is not the week's biggest jobs report, investors view it as one of several early indicators of the official Employment S... (read more) Housing News Fannie Mae's Portfolio Rises 2% YTD Fannie Mae said on Wednesday that its Book of Business increased at a compounded annual rate of 1.3 percent in April to a value of $3.164 trillion. The Book has increased by 1.9 percent year-to-date in 2017 and gained 1.4 percent for all of 2016. The... (read more) MBS Commentary MBS Live Recap: All Things Considered, Better Than it Might Have Been Bond markets lost ground today, but less than you might expect given several of the typical inputs.  In terms of economic data, this morning's ADP Employment Report made a fairly strong case for weakness in bonds , coming in at 253k vs a median... (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 1:44AM EST 10 Year US Treasury 4.2622 -0.0176 Price / Yield Change US Treasury 2 YR Treasury 3.772 -0.016 5 YR Treasury 3.854 -0.013 7 YR Treasury 4.041 -0.015 10 YR Treasury 4.267 -0.013 30 YR Treasury 4.791 -0.018 Pricing as of: 7/3 1:44AM EST Latest Video Fed hike probability 91% Near full employment? We do expect a hike at the June meeting: Economist Around the Web Market Watch U.S. stocks close at record for second session in a row Calculated Risk Blog Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama, Trump Market Watch Bonds and the stock market are rallying at the same time, and it's befuddling investors Bloomberg El-Erian Says Liquidity Trade Replaced Trump as Market Catalyst - Bloomberg CNBC Fed's Harker still sees three rate hikes this year, calls May payrolls number 'good' CNBC Weak May jobs growth raises doubts about how much Fed can raise interest rates this year CNBC We just found out the Fed's rate path may be too aggressive, ex-Obama advisor Goolsbee says Reuters Traders keep bets on June rate hike after jobs report CNBC The government says unemployment fell to 4.3% in May, but here's a more realistic rate NPR May Jobs Report: 138,000 More On Payrolls; Unemployment Dips Slightly CNBC Trump allies push new Fannie and Freddie reform plan Calculated Risk Blog May Employment Preview consumerfinancemonitor.com CFPB May 2017 complaint report highlights complaints from older consumers

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.