Mortgage rates held their ground yesterday. That was a refreshing development given the abrupt move higher over the past 2 weeks and a relatively threatening reaction to Wednesday's Federal Reserve events. Now again today, rates have managed to hold their ground. In some cases, lenders improved by token amounts. If yesterday was refreshing, today would be doubly so. But the refreshment comes with caveats . We don't really know what the natural direction would have been for rates today because underlying markets were clearly affected by overnight headlines regarding North Korea potentially testing an ICBM with a Hydrogen warhead in the Pacific Ocean. In general, these sorts of headlines lead investors to shed risk--something that frequently takes the form of selling stocks and buying bonds.

September 22, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Rates Show Resilience But Not Without Help Mortgage rates held their ground yesterday. That was a refreshing development given the abrupt move higher over the past 2 weeks and a relatively threatening reaction to Wednesday's Federal Reserve events. Now again today, rates have managed to hold ... (read more) Housing News Rates Rise but Refi Share Unchanged Refinancing accounted for 35 percent of all mortgages originated in August, unchanged from July, but down from 47 percent at the beginning of the year. Ellie Mae's says, in its Origination Insight Report for the month, that refinancing is holding up ... (read more) Housing News UI Praises HARP Benefits, Lessons Sometimes government gets it right. The Urban Institute (UI) clearly thinks that the Home Affordable Refinance Program, at least in its second iteration , was one of those times. The history of HARP, as the program is known, is the subject of a post ... (read more) Rob Chrisman Agency Conforming Changes; Market Exec on Cost to Originate Welcome to the autumn equinox. How about this? There have been no public CFPB enforcement actions or consent orders dealing with QM, ATR, or TRID. Zero, zip. Has the CFPB realized that companies are genuinely trying to adhere, and that having 100% TR... (read more) Housing News Home Equity Increases, Average Gains Vary Wildly Rising home prices continue to fuel fast growth in household equity. CoreLogic said on Thursday that owners of mortgaged properties in the U.S. (roughly 63 percent of all homes) gained an aggregate of $766 billion in additional equity between the sec... (read more) MBS Commentary MBS Live Recap: After More Nuclear Headlines, Bonds Punt Who knows how today's trading would have unfolded absent the overnight headlines that North Korea was planning to test an ICBM with a Hydrogen warhead in the Pacific Ocean.  This prompted a risk-off move early in the overnight session (stocks an... (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 Financial conditions won't tighten materially if Fed takes it slow: Fidelit... Investors eye market reaction to the Fed SEC reveals it was hacked in 2016 Around the Web Market Watch A rising share of Wall Street CFOs think this stock market is bubblicious' Market Watch Retirement Weekly: Should you use a reverse mortgage in retirement? CNBC Some homeowners still can't sell because they owe more on the homes than they're worth Market Watch Fed's George wants to put QE 'in a box,' never to be reopened PR Newswire US Construction Expenditures to Reach $1.6 Trillion in 2021 Market Watch The Fed: Fed's Williams says normal' interest rate around 2.5% Calculated Risk Blog Mortgage Equity Withdrawal slightly positive in Q2 NAHB Eye on Housing Apartment Absorption Flat While Condo Absorption Climbs CNBC Fed's Williams sees a calm market reaction to reducing its huge balance sheet Reuters Flood, fix and flip: Houston housing investors see profit in Harvey's wake Bloomberg The Headaches a Three-Person Fed Board Would Face 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

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