Mortgage rates were decidedly higher this morning, with most lenders back above last week's highs. At the time, those were the highest rates in more than a month, although the range has been relatively narrow. Underlying bond markets improved throughout the day, however, resulting in a fair amount of lenders revising rate sheets for the better. After those revisions, rates are pretty close to yesterday's levels. One thing's for sure: the average lender is still definitively higher compared to last Friday's rates. Keep that in mind if you encounter one of the many news stories citing "unchanged" week-over-week rates from Freddie Mac's Survey (which, as you may have guessed, can run a bit behind more up-to-the-minute changes). From a strategy standpoint, today's resilience is a welcome sight

September 28, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.13% -0.12%   6.11% 7.26% 15 Yr. Fixed 5.71% +0.00%   5.54% 6.59% 30 Yr. Jumbo 6.15% -0.10%   6.15% 7.45% Compare Mortgage Rates from Local Lenders for Sep 28, 2017 Mortgage Rates Trying to Find a Ceiling Thu, Sep 28, 2017 3:43PM Mortgage rates were decidedly higher this morning, with most lenders back above last week's highs. At the time, those were the highest rates in more than a month, although the range has been relatively narrow. Underlying bond markets improved throughout the day, however, resulting in a fair amount of lenders revising rate sheets for the better. After those revisions, rates are pretty close to yesterday's levels. One thing's for sure: the average lender is still definitively higher compared to last Friday's rates. Keep that in mind if you encounter one of the many news stories citing "unchanged... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.13% -0.12 0.00 15 Yr. Fixed 5.71% 0.00 0.00 30 Yr. FHA 5.91% -0.08 0.00 30 Yr. Jumbo 6.15% -0.10 0.00 7/6 SOFR ARM 5.65% +0.01 0.00 30 Yr. VA 5.92% -0.09 0.00 Updates Daily - Last Update: 9/16 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 99.97 +0.01   95.05 100.50 UMBS 30YR 5.5 101.27 +0.04   97.47 101.61 10 YR Treasury 4.027 -0.004   3.643 4.780 MBS Live Day Ahead: It's Uncanny How Much 2017 Looks Like 2014 Right Now Thu, Sep 28, 2017 8:32AM First off, let me say that the extent to which bond market weakness over the past 2 days is being wholly attributed to the tax plan borders on ridiculous.  There's something else going on here (several "somethings"), and I expect we'll find ou... (read more) MBS Live Recap: Treasuries Tank on Trump Tax Talk; MBS Not So Much Wed, Sep 27, 2017 5:40PM While MBS definitely did sell-off today, and while mortgage rates did indeed move higher, it was Treasuries that took the brunt of the damage.  Specifically, the longer-term Treasuries, like 10 and 30yr bonds were hit hard today with little other than the release of Trump's tax proposal to blame. At the very least , the tax plan--which began to lea... (read more) MBS Live Recap: Bonds Struggle to Break Even After Morning Rout Thu, Sep 28, 2017 4:39PM Treasuries hit their highest yields since the beginning of July today, although they'd already begun to calm down by the start of the domestic session.  Still, multi-month highs at any point in the day are not the sort of things that allow us to make a compelling case for a supportive bounce.  True, bonds did make it back to unchanged levels by t... (read more) MBS Price Change UMBS 4.5 98.02 -0.02 UMBS 5.0 99.95 -0.01 UMBS 5.5 101.26 +0.02 GNMA 4.5 98.15 0.00 GNMA 5.0 100.25 +0.04 GNMA 5.5 101.17 -0.04 Pricing as of: 9/16 10:05PM EST US Treasury Yield Change 2 YR Treasury 3.506 +0.003 5 YR Treasury 3.588 +0.002 7 YR Treasury 3.776 +0.004 10 YR Treasury 4.032 +0.001 30 YR Treasury 4.651 -0.001 Pricing as of: 9/16 10:05PM EST Other News Investment Properties and Lower-Doc Loans Pushing Credit Risk Higher Thu, Sep 28, 2017 10:38AM While it is still within what is considered normal limits, credit risk did move higher among loans originated during the second quarter of the year. CoreLogic says its Housing Credit Index (HCI) increased by 20 points when compared to the second quarter of 2016, to 117. The HCI measures the relative increase or decrease in credit risk for new mortgage loan o... (read more) Tech Products; Disaster Updates; Rates Moved by Peace/Tax Plan Thu, Sep 28, 2017 9:25AM Research by the Washington Post finds only about 20% of homeowners in Texas counties that were hit by flooding have flood insurance. In separate, but related news, a GOBankingRates survey from a while back finds Americans say they have the following dollars sitting in their savings account: $0 (39%), $1 to $999 (18%), $1,000 to $4,999 (12%), $5,000 to $9,999... (read more) Latest Video 10-Year Treasury yield rises Fed's Fischer: Fed's tools for fighting crises not battle-tested Initial jobless claims up 12K to 272,000; Q2 GDP up 3.1% Around the Web CNBC Gary Cohn: Family earning $100,000 a year would get $1,000 tax break Calculated Risk Blog New Home Prices CNBC One of the world's largest hedge funds is now letting computers trade completely on their own Bloomberg Consumer Comfort in US Increases for First Time in Four Weeks Reuters U.S. economy accelerates in second quarter; hurricanes expected to slow growth Freddie Mac Freddie Mac Prices New $2.5 Billion Three-Year Reference Notes Security Fannie Mae Fannie Mae Announces Two Credit Insurance Risk Transfer ... Brookings Institution Hutchins Roundup: the Fed's balance sheet and 10-year rates, employment hysteresis, and more Calculated Risk Blog Kansas City Fed: Regional Manufacturing Activity "Continued to Expand Solidly" in September Freddie Mac Mortgage Rates Hold Flat Market Watch The Fed: Fischer suggests Fed should separate financial stability watchdog from FOMC Reuters U.S. second-quarter GDP growth revised up to 3.1 percent CNBC Cohn says entire tax cut will be paid for by growth

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