Mortgage rates have been higher almost exclusively for the past 2 weeks. Yesterday was no exception as the Federal Reserve released a rate hike forecast that was slightly more optimistic than markets were expecting. By yesterday afternoon, the average 30yr fixed mortgage rate was at its highest levels in over a month. The Fed news justified a defensive stance among prospective mortgage borrowers. When rates move initially higher following a Fed announcement, it's all too common to see that momentum continue in the following day. In today's case, we've actually seen a bit of support. Underlying bond markets were in slightly better shape vs yesterday for most of the day, thus allowing lenders to either keep mortgage rates unchanged or to bring them marginally lower. 4.0% remains the most prevalently

September 21, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Find Some Support Mortgage rates have been higher almost exclusively for the past 2 weeks. Yesterday was no exception as the Federal Reserve released a rate hike forecast that was slightly more optimistic than markets were expecting. By yesterday afternoon, the averag... (read more) Housing News 3 Trends That Will Drive The Mortgage Market in 2018 - Freddie Mac Hard to believe it's already that time again, but Freddie Mac's Economic and Housing Research Group are out with their forecast for 2018. The headline is that they expect the economic environment to remain favorable for housing and mortgage markets, ... (read more) Housing News Pacific Division Prices Down in FHFA Report Home prices increased by 0.2 percent from June to July according to the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI). The previously reported May to June gain was unchanged at 0.1 percent. Analysts expected a more aggressive incr... (read more) MBS Commentary MBS Live Day Ahead: Bond Sell-Off's Grinch-Like Heart Growing 2.28 Sizes Remember when the Grinch's heart grew 3 sizes?  No, I mean, do you really remember watching that movie for the first time and the feeling you had when you saw the Grinch finally on the cusp of doing something redeeming?   Fans of low r... (read more) Rob Chrisman False Claims Act Penalty; Lender's Disaster News; Fed Does the Expected I am currently in South Carolina, and as it turns out, no other U.S. region is more populous than the South Atlantic United States (Washington, D.C., Delaware, Maryland, Virginia, West Virginia, Georgia, North Carolina, South Carolina, and Florida). ... (read more) MBS Commentary MBS Live Recap: Bonds Generally Hold Ground, Complicating The Outlook In a sick way, it would have been easier to see additional weakness in bond markets today.  At least that would have jived with past precedent of "course corrections" from the Fed resulting in a shift in the prevailing momentum.  Arguably... (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 99.38 -0.13 UMBS 6.0 101.28 -0.11 GNMA 5.5 99.60 -0.17 GNMA 6.0 101.28 -0.05 Pricing as of: 7/23 1:16PM EST 10 Year US Treasury 4.3887 +0.0427 Price / Yield Change US Treasury 2 YR Treasury 3.872 +0.042 5 YR Treasury 3.927 +0.042 7 YR Treasury 4.142 +0.044 10 YR Treasury 4.387 +0.041 30 YR Treasury 4.955 +0.039 Pricing as of: 7/23 1:16PM EST Latest Video SEC reveals it was hacked in 2016 Equifax acknowledges it sent customers to fake phishing site Cautious and deliberate Fed could keep markets in rally mode: Strategist Around the Web Market Watch Investors fear a Fed policy misstep as central bank reaffirms rate-hike trajectory CNBC Household wealth jumps nearly $1.7 trillion to record, thanks to rising home and stock values Reuters Yellen's stock rises as she leads Fed from crisis-era policy Calculated Risk Blog Fed's Flow of Funds: Household Net Worth increased in Q2 Bloomberg As the Fed Steps Back From Mortgage Market, REITs Gear Up to Buy Reuters Exclusive: U.S. Homeland Security found SEC had 'critical' cyber weaknesses in January CNBC Art Cashin: The Fed projects 3 rate hikes for 2018, but Trump could change on that CNBC Leading economic indicators increase 0.4 percent, more than 0.2 percent expected Calculated Risk Blog CoreLogic: "2.8 million Homes still in negative equity" at end of Q2 2017 Freddie Mac Freddie Mac September 2017 Outlook Market Watch 2-year Treasury yield holds around highest level since 2008 CNBC KB Home cuts CEO's bonus as punishment for his profanity-laced rant at neighbor Kathy Griffin Reuters Fed's 'Great Unwinding' lifts dollar, yields and bank stocks

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