Tis the season - for hearing from all the experts about what we can expect the coming year to bring. Today it is CoreLogic's Senior Vice President and Chief Economist Frank Nothaft's turn. Nothaft, writing in the company's December MarketPulse magazine, says economic growth will be key for the housing market in 2017 and projects that growth will be between 2 and 2.5 percent. Along with that growth he expects we will see five features. 1. Interest rates will be higher . He is looking for fixed rates to average just over 4 percent for the year for both single- and multi-family loans. The Federal Reserve's rate hike last week and the three additional increases they have projected for next year will increase the cost of loans tied to short term rates such as home equity lines or HELOCs. 2. Vacancy

December 19, 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 19, 2016 Mortgage Rates Unchanged at Multi-Year Highs Fri, Dec 16, 2016 4:40PM Mortgage rates stayed steady today, on average, though any given lender could be slightly better or worse compared to yesterday. Bond markets (which underlie rate movement) are beginning the process of winding down for the holiday season. That doesn't mean that rates won't move for the rest of the year--simply that the intraday rate movement will be more random. This can be frustrating in the coming weeks because it can result in big changes without any warning based on the slate of events on the calendar (typically, we know which events run the risk of causing big moves ahead of time). That's... (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 99.52 +0.07   95.05 100.11 UMBS 30YR 5.5 101.06 +0.06   97.47 101.40 10 YR Treasury 4.088 -0.021   3.932 4.780 MBS Live Week Ahead: Holiday-Themed Trading Continues; Yellen Speech in the PM Mon, Dec 19, 2016 8:32AM NOTE: This paragraph will be at the top of the Day Ahead for a few weeks.  Once you've read it, feel free to skip it.  The Day Ahead has long been my venue to offer deep thoughts with a mix of big-picture and near-term technical considerati... (read more) MBS Live Recap: Holiday Trading Mode Engaged Fri, Dec 16, 2016 5:27PM "Holiday trading mode" doesn't guarantee uneventful, sideways bond market momentum, but it does up the chances.  Actually, it's probably fairer to say that "holiday mode" means trading doesn't have to make sense .  Liquidity and participat... (read more) MBS Price Change UMBS 4.5 97.53 +0.11 UMBS 5.0 99.54 +0.09 UMBS 5.5 101.03 +0.03 GNMA 4.5 97.60 +0.09 GNMA 5.0 99.70 +0.06 GNMA 5.5 100.87 +0.07 Pricing as of: 11/4 1:05PM EST US Treasury Yield Change 2 YR Treasury 3.582 -0.027 5 YR Treasury 3.700 -0.024 7 YR Treasury 3.882 -0.023 10 YR Treasury 4.089 -0.020 30 YR Treasury 4.671 -0.023 Pricing as of: 11/4 1:05PM EST Other News Five Features Will Mark 2017 Housing Market Mon, Dec 19, 2016 9:37AM Tis the season - for hearing from all the experts about what we can expect the coming year to bring. Today it is CoreLogic's Senior Vice President and Chief Economist Frank Nothaft's turn. Nothaft, writing in the company's December MarketPulse magazine, says economic growth will be key for the housing market in 2017 and projects that growth will be between 2... (read more) Fannie Lender Sentiment Survey Points to Rising Rate Fallout Mon, Dec 19, 2016 9:28AM Post-election interest rate changes have considerably dampened mortgage lenders' expectations for mortgage demand. Fannie Mae's fourth quarter Mortgage Lender Sentiment Survey showed the net share of lenders expecting demand to increase over the next three months was at or near survey lows regardless of loan types. The top reason for worsening near-term outl... (read more) Ginnie and FHA news; Pay Attention to Yield Curve and Fed Balance Sheet Mon, Dec 19, 2016 9:07AM The cold temperatures sweeping the nation, especially in the Upper Plains, have plenty of folks wondering how Native Americans kept warm during the winter. They managed. But if you’d like to see what temperatures are anywhere in the nation, here’s a pretty nifty map . When do we head to Florida? HUD, VA, Ginnie Mae, and FHA news FHA issued a comm... (read more) Latest Video Yellen: U.S. has strongest job market in nearly a decade Santelli Exchange: The road to rate normalization Santelli Exchange: U.S. 10-year note technicals Around the Web CFPB Monitor CFPB announces 2017 fair lending priorities CFPB Monitor CFPB enters into consent order with lender to settle claims alleging deceptive advertising and collection letters, unauthorized electronic transfers CNBC Yellen: Wage growth and low layoff rate help drive strongest jobs market in nearly a decade CNBC How this 'villain' of the housing crash could be right for you now Reuters Deutsche Bank could settle U.S. penalty this week: source Bloomberg Trump's Wealthy Team Spurs D.C. 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