Mortgage rates rose meaningfully today, with most lenders coming close to the highest levels in more than 2 years (on December 1st). Keep in mind though, that my daily assessment puts rate movement under a microscope , so "rose meaningfully" is a relative term. In fact, many lenders are quoting the exact same contract rates today compared to yesterday, with the only deterioration being seen in the form of higher upfront costs (or lower lender credit, depending on the scenario). Even so, there was enough movement to shift the average lender's top tier conventional 30yr fixed quote up to 4.25% although 4.125% is nearly as prevalent. Today's market movement had to do with investor anxiety heading into a few challenging days at the beginning of next week. In addition to the Fed announcement on

December 9, 2016 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Rise to 2nd Highest Levels in Over 2 Years Mortgage rates rose meaningfully today, with most lenders coming close to the highest levels in more than 2 years (on December 1st). Keep in mind though, that my daily assessment puts rate movement under a microscope , so "rose meaningfully" is a rel... (read more) Housing News One View on Election's Housing and Mortgage Market Impact A post on CoreLogic's blog just came to our attention. It was written (by Stuart Pratt, the company's newly appointed senior vice president of Government and Industry Relations.) a little over a week ago so some of what Pratt, with a tip of the hat t... (read more) Rob Chrisman Lehman Legal Update; Capital Markets Changes for the Good - MBS From SoFi? Here’s something you won’t see in North America: the sale and transfer of 1.3% of the last mass of the continent. It just happened in Australia with the purchase of the Kidman Estate . (No relation to Nicole.) For Australians Christmas co... (read more) MBS Commentary MBS Live Day Ahead: What Would Victory Look Like Today? Bonds weren't entirely clear in telling us if yesterday's ECB tapering announcement was a " good thing that simply needed to be digested," or if it was another brick in the recent wall of pain .  The technical levels in the following chart c... (read more) MBS Commentary MBS Live Recap: With Sippy Birds on Sell Buttons, Bond Traders Left Early You're familiar with the sippy bird (or " drinking bird ")?  For years, these little birds have been offering traders the ability to get out of the office early with no one noticing.  Conditions have to be just right though.  Specifica... (read more) Housing News One View on Election's Housing and Mortgage Market Impact A post on CoreLogic's blog just came to our attention. It was written (by Stuart Pratt, the company's newly appointed senior vice president of Government and Industry Relations.) a little over a week ago so some of what Pratt, with a tip of the hat t... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.82% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.82% -0.01 0.00 15 Yr. Fixed 6.07% -0.01 0.00 30 Yr. FHA 6.40% -0.01 0.00 30 Yr. Jumbo 6.92% -0.01 0.00 7/6 SOFR ARM 6.31% -0.01 0.00 30 Yr. VA 6.42% 0.00 0.00 Updates Daily - Last Update: 7/17 15 Yr. Fixed Rate 6.07% -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 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries UMBS 30YR 5.5 99.15 +0.08 Price / Yield Change MBS UMBS 5.5 99.16 +0.04 UMBS 6.0 101.19 +0.06 GNMA 5.5 99.46 +0.05 GNMA 6.0 101.16 +0.06 Pricing as of: 7/17 9:08PM EST 10 Year US Treasury 4.4415 -0.0178 Price / Yield Change US Treasury 2 YR Treasury 3.885 -0.020 5 YR Treasury 3.975 -0.016 7 YR Treasury 4.196 -0.014 10 YR Treasury 4.440 -0.013 30 YR Treasury 5.012 -0.002 Pricing as of: 7/17 9:08PM EST Latest Video Buying a home Consumer sentiment index 98.0 vs. 93.8 (Nov.) Bond bull market over, rates going higher: Peter Boockvar Around the Web Calculated Risk Blog Nomura: FOMC Preview Market Watch Fed to hike interest rates next week while ignoring the elephant in the room Calculated Risk Blog Fed's Flow of Funds: Household Net Worth increased in Q3 CNBC US wholesalers cut stockpiles, clearing way for new orders NAHB Eye on Housing NAHB Releases the 2016 "Priced Out" Estimates CNBC Consumer sentiment hit 98 in December vs. 94.5 estimate Bloomberg Wells Fargo Wants a Quiet End to Its Scandal, Risking More Noise - Bloomberg CNBC Robert Shiller on the market rally: Trump does magic' CNBC Bonds lower as investors digest ECB announcement; data eyed CNBC Get ready for Republican rush of regulation rollback Calculated Risk Blog Goldman: Fiscal Boost: Mainly a 2018 Story NAR - Realtor.com Back in a Big Way: U.S. Home Prices Surpass 2006 Peaks CFPB Monitor CFPB enters into consent orders with reverse mortgage companies to settle alleged advertising violations

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