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: 30 Yr. Fixed 6.34% +0.06%   6.13% 7.26% 15 Yr. Fixed 5.82% +0.01%   5.6% 6.59% 30 Yr. Jumbo 6.32% +0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Dec 9, 2016 Mortgage Rates Rise to 2nd Highest Levels in Over 2 Years Fri, Dec 9, 2016 3:13PM 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% a... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.34% +0.06 0.00 15 Yr. Fixed 5.82% +0.01 0.00 30 Yr. FHA 6.06% +0.05 0.00 30 Yr. Jumbo 6.32% +0.02 0.00 7/6 SOFR ARM 5.98% +0.09 0.00 30 Yr. VA 6.08% +0.05 0.00 Updates Daily - Last Update: 11/3 Freddie Mac Rate Change Points 30 Yr. Fixed 6.17% -0.02 0.00 15 Yr. Fixed 5.41% -0.03 0.00 Updates Weekly - Last Update: 10/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.58 +0.13   95.05 100.11 UMBS 30YR 5.5 101.08 +0.08   97.47 101.40 10 YR Treasury 4.086 -0.023   3.932 4.780 MBS Live Day Ahead: What Would Victory Look Like Today? Fri, Dec 9, 2016 8:45AM 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 Live Recap: With Sippy Birds on Sell Buttons, Bond Traders Left Early Fri, Dec 9, 2016 4:29PM 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) MBS Price Change UMBS 4.5 97.53 +0.12 UMBS 5.0 99.58 +0.13 UMBS 5.5 101.08 +0.08 GNMA 4.5 97.52 +0.02 GNMA 5.0 99.79 +0.15 GNMA 5.5 100.87 +0.08 Pricing as of: 11/4 2:57AM EST US Treasury Yield Change 2 YR Treasury 3.584 -0.025 5 YR Treasury 3.696 -0.028 7 YR Treasury 3.879 -0.027 10 YR Treasury 4.087 -0.022 30 YR Treasury 4.669 -0.025 Pricing as of: 11/4 2:57AM EST Other News One View on Election's Housing and Mortgage Market Impact Fri, Dec 9, 2016 12:08PM 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 to Donald Rumsfeld, calls "known knowns and known unknowns" are already "known." But it is still an interesting... (read more) One View on Election's Housing and Mortgage Market Impact Fri, Dec 9, 2016 10:51AM 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 to Donald Rumsfeld, calls "known knowns and known unknowns" are already "known." But it is still an interesting... (read more) Lehman Legal Update; Capital Markets Changes for the Good - MBS From SoFi? Fri, Dec 9, 2016 10:28AM 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 comes during the summer, somewhat hard for Americans to fathom. While we wait for the day, here's a list of holi... (read more) 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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