Mortgage rates are experiencing increased volatility at the end of this week, which was to-be-expected given the calendar of events and economic data. Fortunately, the volatility worked in favor of lower rates this morning after Retail Sales and a key consumer inflation report both came in lower than expected. In general, weaker economic data coincides with rates moving lower. Investors are particularly interested in inflation data at the moment as it seems to be the Fed's biggest hang-up when it comes to removing "accommodation" (a broad term that refers to the level of the Fed Funds Rate and the Fed's bond buying policies). A removal of accommodation could take the form of a Fed rate hike or a decrease in the amount of bonds the Fed is currently buying as a part of its reinvestment policy

July 14, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates End Week at Best Levels Mortgage rates are experiencing increased volatility at the end of this week, which was to-be-expected given the calendar of events and economic data. Fortunately, the volatility worked in favor of lower rates this morning after Retail Sales and a ke... (read more) Housing News CFPB Proposes Raising HELOC Reporting Threshold. Community banks and credit unions may soon be subject to new guidelines that will require them to report information on home equity lines of credit, due to Home Mortgage Disclosure Act (HMDA) reporting requirements. Under rules scheduled to go into e... (read more) Housing News Mortgage Standards Ease Slightly in June Credit availability appeared to have improved slightly in June as three of the four components in the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) gained ground. The composite index inched up 0.1 percent from May t... (read more) Housing News Skimpy Listings Juicing Prices but Plaguing Sales -Redfin Redfin, the Seattle-based real estate company, says that the drought in listings that has affected the inventory of homes for sale marked its 21 st month in June. This is driving prices up and marketing time down , with each setting new records durin... (read more) Rob Chrisman Compliance, Encompass, Credit Changes in the Primary and Secondary Markets Today are Q2 earnings numbers from JP Morgan, Citigroup, Wells Fargo and PNC – a look at the mortgage numbers in Monday’s commentary. What may be of more interest to some is that Sunday will be an anniversary of sorts: On July 16, 2013, t... (read more) MBS Commentary MBS Live Recap: Post-Rally Correction Rains on Bond Market Parade Today was bittersweet for bond markets, with strong gains in the morning, and an almost complete reversal by the end of the day.  As expected, the early focus was on the CPI/Retail sales data duo at 8:30am.  Both were bond-friendly, and a... (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 99.35 -0.16 UMBS 6.0 101.27 -0.12 GNMA 5.5 99.61 -0.17 GNMA 6.0 101.25 -0.08 Pricing as of: 7/23 1:06PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.876 +0.047 5 YR Treasury 3.931 +0.046 7 YR Treasury 4.145 +0.047 10 YR Treasury 4.390 +0.044 30 YR Treasury 4.957 +0.040 Pricing as of: 7/23 1:06PM EST Latest Video Trader: Economy doesn’t warrant another rate hike this September June industrial production up 0.4% June retail sales down 0.2%, CPI remains unchanged Around the Web Bloomberg Unchanged CPI Slows Pace to Fed's Inflation Goal - Bloomberg Market Watch Mark Hulbert: What the flattening yield curve is trying to tell us Calculated Risk Blog First Look at 2018 Cost-Of-Living Adjustments and Maximum Contribution Base CNBC After lofty views, economists see second quarter growth bumping along at same slow trend Calculated Risk Blog Q2 GDP Forecasts: Moving on Down Calculated Risk Blog Key Measures Show Inflation mostly below 2% in June CNBC Landlord alert: New index aims to take the risk out of rental investing CNBC Lack of inflation raises new doubts about Fed ability to hike interest rates this year CNN Americans are cutting back on spending CNBC Consumer sentiment hits 93.1 in July vs. 95 estimate Market Watch Mortgage lending takes a bite out of bank earnings despite brisk spring buying season Calculated Risk Blog Industrial Production Increased 0.4% in June CNBC US consumer prices were unexpectedly unchanged in June

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