Mortgage rates were unchanged today, on average. Some lenders were slightly better, others were slightly worse, but none were very far from yesterday's latest levels. In fact, most prospective borrowers would see the exact same quote they saw yesterday. As was the case yesterday, an absence of movement isn't bad news, considering rates are in line with their lowest levels since November 2016. Today's key events were speeches from the leaders of the world's 2 biggest central banks: Janet Yellen (Fed) and Mario Draghi of the European Central Bank (ECB). Markets didn't have especially high hopes that these speeches would be earth-shattering and that instinct ended up being right on the money. Neither speaker shared any major revelation. In fact, both avoided commenting on monetary policy almost

August 25, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Little-Moved by Central Bank Speakers Mortgage rates were unchanged today, on average. Some lenders were slightly better, others were slightly worse, but none were very far from yesterday's latest levels. In fact, most prospective borrowers would see the exact same quote they saw yesterd... (read more) Housing News CFPB Makes Temporary HELOC Reporting Threshold Official In July, the Consumer Financial Protection Bureau (CFPB) said it was rethinking implementation of its rules changing reporting requirements for the Home Mortgage Disclosure Act (HMDA). The new rule was authorized in 2015, and will, for the first time... (read more) Rob Chrisman CFPB's HMDA Changes; LIBOR Substitute Proposal; Blend's Capital Raise My boss arrived at work in a brand-new Lamborghini. I said, "Wow, that's an amazing car!” He replied, "If you work hard, put all your hours in, and strive for excellence, I'll get another one next year." Seventy-eight percent of full-time worke... (read more) MBS Commentary MBS Live Day Ahead: J-Hole Doesn't Really Matter I've waited until the day itself to abbreviate the Fed's Jackson Hole symposium with the beloved "J-Hole."  Pretty impressive considering how much fun it is to type/say "J-Hole."  For instance, if anything happens today that's bad for bonds... (read more) Housing News MBA Delinquency Data Setting Post-Crisis Records The quarterly report from the Mortgage Bankers Association (MBA) based on its National Delinquency Survey seems like old times. MBA reports that most, if not all, of its performance data is back to pre-crisis levels. The mortgage delinquency rate, fo... (read more) MBS Commentary MBS Live Recap: Bonds Pretend Not to Care About Jackson Hole Bond markets have been generally rallying since early July.  The apparent inspiration for that rally was the sell-off that preceded it.  That weakness was driven by several comments from European Central Bank (ECB) President Mario Dr... (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 6.0 101.29 -0.11 GNMA 5.5 99.61 -0.17 GNMA 6.0 101.28 -0.04 Pricing as of: 7/23 1:13PM EST 10 Year US Treasury 4.3887 +0.0427 Price / Yield Change US Treasury 2 YR Treasury 3.868 +0.039 5 YR Treasury 3.926 +0.040 7 YR Treasury 4.140 +0.041 10 YR Treasury 4.385 +0.039 30 YR Treasury 4.953 +0.037 Pricing as of: 7/23 1:13PM EST Latest Video Draghi: Global recovery firming up Santelli Exchange: Fiscal vs. monetary policy Cashin: Don't expect surprises from Yellen or Draghi Around the Web CNBC ECB President Draghi warns of 'serious risk' to global economy from rising protectionism Reuters Yellen to Trump: don't expect a flip-flop on financial reforms Federal Reserve FEDS 2017-090: Improving the 30-Year Fixed-Rate Mortgage CNBC Fed's Powell says weak inflation is 'kind of a mystery' Freddie Mac Freddie Mac Confirms Disaster Relief Policies as Hurricane Harvey Approaches Texas builderonline.com Zillow 'Zestimates' Zurvive Zuit CNBC Economists are reading Janet Yellen's tea leaves on monetary policy Market Watch Yellen's speech in Jackson Hole may doom her chances for second term at Fed CNBC Here's how housing's woes could get worse Calculated Risk Blog Freddie Mac: Mortgage Serious Delinquency rate unchanged in July consumerfinancemonitor.com Another sign that Richard Cordray will resign soon, perhaps next week? Reuters Yellen: Financial rules have made economy stronger, changes should be 'modest' consumerfinancemonitor.com CFPB finalizes temporary increase of HMDA HELOC reporting threshold and other minor HMDA amendments

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