Mortgage rates moved higher today, bringing them back into the range that's dominated the second half of the month. That means the average lender is fairly close to the highest rates in more than 2 years, officially seen on December 15th. There hasn't been much movement since then, which is not uncommon during the winter holiday season. As for the contract rates, themselves, 4.375% remains the most prevalent conventional 30yr fixed quote for top tier scenarios. Several lenders still up at 4.5% and a few are down at 4.25%. Barring the unforeseen, lenders will have little incentive to make meaningful adjustments to rates between now and the end of the year, thus decreasing the risk and reward associated with a "lock vs float" decision. Today's Best-Execution Rates 30YR FIXED - 4.375-4.5% FHA

December 27, 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 27, 2016 Mortgage Rates Erase Last Week's Modest Gains Tue, Dec 27, 2016 3:07PM Mortgage rates moved higher today, bringing them back into the range that's dominated the second half of the month. That means the average lender is fairly close to the highest rates in more than 2 years, officially seen on December 15th. There hasn't been much movement since then, which is not uncommon during the winter holiday season. As for the contract rates, themselves, 4.375% remains the most prevalent conventional 30yr fixed quote for top tier scenarios. Several lenders still up at 4.5% and a few are down at 4.25%. Barring the unforeseen, lenders will have little incentive to make meani... (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 99.57 +0.12   95.05 100.11 UMBS 30YR 5.5 101.08 +0.08   97.47 101.40 10 YR Treasury 4.090 -0.020   3.932 4.780 MBS Live Recap: Slowest Full Day of The Year Tue, Dec 27, 2016 3:39PM As far as full business days go (those that aren't "early close"), today was by far and away the slowest day of the year for bond markets.  In fact, it may be the slowest day of the year, period, by the time the final volume tallies are in. ... (read more) MBS Price Change UMBS 4.5 97.52 +0.11 UMBS 5.0 99.57 +0.12 UMBS 5.5 101.08 +0.08 GNMA 4.5 97.52 +0.02 GNMA 5.0 99.79 +0.15 GNMA 5.5 100.88 +0.08 Pricing as of: 11/4 7:35AM EST US Treasury Yield Change 2 YR Treasury 3.576 -0.033 5 YR Treasury 3.697 -0.027 7 YR Treasury 3.881 -0.024 10 YR Treasury 4.090 -0.020 30 YR Treasury 4.674 -0.020 Pricing as of: 11/4 7:35AM EST Other News Reviving Private-Label MBS: a Heavy but Necessary Lift Tue, Dec 27, 2016 2:21PM While securitization of auto loans is about 16 percent higher than it was in 2001 and agency mortgage-backed securities (MBS) are up over 50 percent, the issuance of private-label securities (PLS) , which collapsed in the housing crisis, has not rebounded. They are down by more than 70 percent since 2001 and 95 percent since they peaked in 2005. In a paper w... (read more) Black Knight HPI Nudges 2006 Peak Tue, Dec 27, 2016 2:17PM Black Knight Financial Services wrapped up the October series of national home price reports with its Home Price Index (HPI). It contained numbers nearly identical to those issued earlier in the day for the S&P CoreLogic Case Shiller National Index. Black Knight, which publicly releases numbers on a non-seasonally adjusted basis, says October home prices... (read more) Home Prices Set Second Consecutive All-Time High Tue, Dec 27, 2016 10:28AM Price gains in October once again accelerated on an annual basis. The S&P CoreLogic Case-Shiller National Index, which covers all nine U.S. census divisions, was up 5.6 percent compared to October 2015. It was the largest increase year-to-date in 2016. The September-to-September increase was 5.4 percent (revised from the originally reported 5.5 percent).... (read more) CFPB/HMDA/Reg. Z Changes; Big Bank/Lender Underwriting Changes; Upcoming Events Tue, Dec 27, 2016 9:08AM How has it been ten years since James Brown passed away? And now George Michael. (I guess no matter how much money you have, or how famous you are...) To keep things in perspective, the yield on the 10-year, 10 years ago, was 4.76%. And 30-year mortgage rates were 6.125%. And yes, people were still buying homes, refinancing, and lenders and their employees w... (read more) Latest Video Should Fed take it easy with rate hikes? Consumer confidence at 113.7 in Dec. Fiscal policy good recipe for strong US dollar: Pro Around the Web wellsfargo.com Wells Fargo LIFT programs create 2,000 homeowners in 2016 Calculated Risk Blog Real Prices and Price-to-Rent Ratio in October Bloomberg Trump Win Could Usher in Boom for U.S. Housing, Says Shiller Reuters U.S. consumer confidence hits 15-year high in December PR Newswire Black Knight Home Price Index Report: October 2016 Transactions -- U.S. Home Prices Up 0.2 Percent for the Month; Up 5.6 Percent Year-Over-Year Market Watch Treasury yields are headed up in 2017the only question is by how much NAR - Realtor.com 7 Surprising Trends That Could Disrupt the Housing Market in 2017 Calculated Risk Blog A few Comments on November New Home Sales CNBC US consumer sentiment at 98.2 in Dec vs 98.0 reading expected CNBC US new home sales rise to four-month high Bloomberg Barclays Balks at U.S. Demand It Pay Up Over 'Craptacular' Loans CNBC Deutsche Bank and Credit Suisse agree billion-dollar fines with U.S. authorities CNBC Why the Chinese are still snapping up US commercial property

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