Mortgage rates moved higher for the second straight day amid a general lack of actionable information. Some investors noted that the results of the elections in the U.K. were surprising, but not in a way that was any help to interest rates. In general, rates found most of their motivation from the absence of significant drama in this week's Comey hearing. Despite the modest increase, conventional 30yr fixed rates are still very close to their best levels of the year. An exceptionally busy calendar in the coming week could also be causing some anxiety for market participants (the traders whose decisions affect rates on a day-to-day basis). In addition to several important economic reports, we'll also hear from the Fed on Wednesday. The Fed is almost certain to hike rates at this meeting, but

June 9, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Continue Modestly Higher Mortgage rates moved higher for the second straight day amid a general lack of actionable information. Some investors noted that the results of the elections in the U.K. were surprising, but not in a way that was any help to interest rates. In genera... (read more) Housing News Credit Access Mixed by Loan Type Access to mortgage, as measured by the Mortgage Credit Availability Index (MCAI), decreased in May. The Mortgage Bankers Association said the MCAI pulled back 1.1 percent to 181.0 . The index was benchmarked at 100 in March 2012 and a decline indicat... (read more) Housing News NAR Paper Identifies Homeownership Hurdles Five barriers to homeownership are identified in a new study released on Friday by the National Association of Realtors® (NAR). The white paper, titled "Hurdles to Homeownership: Understanding the Barriers" was prepared for NAR by the Rosen Consu... (read more) Housing News Home Equity Gains Continue to Mount Homeowner equity increased by another 11.2 percent over the four quarters that ended with the first quarter of 2016. CoreLogic's home equity analysis for the Quarter One, shows that the 63 percent of the country's homeowners who carry a mortgage gain... (read more) Rob Chrisman Lender Fee Changes; eNote News; MBA Performance Report The House of Representatives voted to roll back some of the main regulations contained in the 2010 Dodd-Frank law. It was an almost perfect party-line vote, 233-186. Among members who voted on the legislation, all 185 Democrats were opposed and all b... (read more) MBS Commentary MBS Live Day Ahead: Bigger Picture Bounce Risk Remains After High-Risk Events All of our high-risk events for this week have come and gone, and bond markets aren't able to justify the stronger "lead-off" levels that marked the preparation for more dire outcomes.  While it is worth something that yields haven't spiked high... (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 99.35 -0.16 Price / Yield Change MBS UMBS 5.5 99.39 -0.12 UMBS 6.0 101.32 -0.08 GNMA 5.5 99.63 -0.15 GNMA 6.0 101.27 -0.05 Pricing as of: 7/23 1:12PM EST 10 Year US Treasury 4.3887 +0.0427 Price / Yield Change US Treasury 2 YR Treasury 3.870 +0.040 5 YR Treasury 3.926 +0.041 7 YR Treasury 4.141 +0.043 10 YR Treasury 4.387 +0.041 30 YR Treasury 4.955 +0.039 Pricing as of: 7/23 1:12PM EST Latest Video US cities are moving toward renting vs. buying Does the UK vote weaken Britain's hand in Brexit talks with the EU? Picking apart Dodd-Frank Around the Web Market Watch The Fed: Fed should consider raising 2% inflation target, prominent economists say Calculated Risk Blog Merrill FOMC Preview CNBC Top economists rip Fed, call for letting inflation run higher than normal The Atlantic The House Takes Another Step Toward Repealing Dodd-Frank Calculated Risk Blog Mortgage Equity Withdrawal slightly negative in Q1 Bloomberg Flows Show That Bond Bears Just Capitulated, Says Bank of America CNBC Wholesale inventories slide 0.5% in April, falling short of estimates CNBC US Treasurys mixed as bond investors digest UK election news CNBC House Republicans take a knife to post-crisis Wall Street regulations builderonline.com Homeowners Are Worth How Much More!? CNBC White House reiterates that Trump is committed to fair US elections free from any interference Calculated Risk Blog Fed's Flow of Funds: Household Net Worth increased in Q1 CNBC Comey says Trump never asked him about 'tens of thousands' of FBI investigations besides Flynn probe

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