Mortgage rates were steady to slightly lower today, with underlying bond markets essentially erasing the damage seen yesterday. This was neither here nor there for the mortgage world as most lenders didn't adjust rates much higher yesterday (despite bond weakness). Thus, they didn't have much to do today when bonds strengthened. In general "bond market strength" = lower rates and vice versa. There were no significant economic reports or major market-moving headlines today--at least not for rates. Oil prices and political headlines might make the evening news, but neither were directly responsible for the bond market improvement. The absence of change continues to be a good thing given that rates remain very close to their lowest levels in more than 8 months. Only a handful of recent days have

June 20, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Rates Fall Slightly to Remain Near 8-Month Lows Mortgage rates were steady to slightly lower today, with underlying bond markets essentially erasing the damage seen yesterday. This was neither here nor there for the mortgage world as most lenders didn't adjust rates much higher yesterday (despite ... (read more) Housing News Rise in Purchase Mortgages Boosts Credit Risk New home purchase mortgages became a little riskier in the first quarter of 2017 per CoreLogic. The company said its Housing Credit Index (HCI), which measures trends in six mortgage credit risk attributes, edged up to 105.6, a 3.6-point increase fro... (read more) Housing News MBA Objects to FHFA Non-Bank Servicer Proposal Mortgage Bankers Association President and CEO David H. Stevens, has released a statement objecting to one of the three recommendations made this week by the Federal Housing Finance Agency (FHFA) in its annual report to Congress. FHFA said it intends... (read more) Housing News Hedging Economic Bets Fannie Mae's Economic and Strategic Research Team hedged a few bets in its June economic summary. It laid out some wild cards while predicting that the current expansion, which marks its eight-year anniversary this month and is the third longest of t... (read more) Rob Chrisman Reverse Mortgage Primer; LO Jobs and Products “People who don’t give up attract other people’s attention.” As do people whose humor is stuck in 4th grade – like mine usually is. For example . Reverse Mortgages - Attracting Forward Lenders Given that 10,000 people a ... (read more) MBS Commentary MBS Live Recap: Bonds Erase Yesterday's Weakness Without Much Help Today had no significant news or events on the calendar, thus leaving traders to watch other traders for cues.  To some extent, several Fed speakers got some attention, but the best we can do here is to pick out only the comments that reinforce ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +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 99.41 -0.10 Price / Yield Change MBS UMBS 5.5 99.38 -0.13 UMBS 6.0 101.30 -0.09 GNMA 5.5 99.63 -0.15 GNMA 6.0 101.25 -0.07 Pricing as of: 7/23 12:56PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.865 +0.036 5 YR Treasury 3.921 +0.036 7 YR Treasury 4.136 +0.037 10 YR Treasury 4.382 +0.036 30 YR Treasury 4.951 +0.034 Pricing as of: 7/23 12:56PM EST Latest Video Santelli Exchange: Yield curve flattening We haven't seen full effect of Fed rate hikes: David Rosenburg Fed's Evans: Recent inflation data did make me nervous Around the Web CNN Mnuchin: White House won't rule out a second term for Fed's Janet Yellen Bloomberg Mnuchin Says Ultra-Long Bond Program Wouldn't Be a One-Off Market Watch The Fed: Fed's Evans suggests his support for another rate hike is no slam dunk Federal Reserve Federal Reserve Board announces termination of enforcement action with JP Morgan Chase & Co. CoreLogic CoreLogic Reports Mortgage Credit Risk Edges Up Slightly HUD HUD Report Calls for Greater Action to Reduce Injuries to Seniors in the Home CNBC Lennar's profit beats as home sales gain steam Market Watch Fed's Fischer says he's worried memories are fading about housing's pivotal role in financial crisis NAR - Realtor.com Home Builders, Home Sellers Suddenly Shy Calculated Risk Blog Lawler: Early Read on Existing Home Sales in May Reuters Fed's Dudley confident U.S. inflation should rebound with wages Market Watch Another part of the real estate market is starting to crumble Calculated Risk Blog Q2 GDP Forecasts being Revised Down

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