Mortgage rates moved lower today following back-to-back afternoons of improvements in underlying bond markets. Yesterday afternoon was only slightly stronger. It didn't result in many lenders offering mid-day improvements in rate sheets. Today, however, multiple lenders put out positive reprices after a well-received Treasury auction indicated strong investor demand in the bond market (higher demand for bonds = lower rates). The average lender is back to their best levels since December 14th . Whereas 4.375% had easily been the most prevalent conventional 30yr fixed quote for top tier scenarios, 4.25% is at least as common today. All that having been said, rates were already fairly close to that tipping point. The range has been calm and narrow over the past 2 weeks. Today's move stands out

December 28, 2016 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Lowest in 2 Weeks After Treasury Auction Mortgage rates moved lower today following back-to-back afternoons of improvements in underlying bond markets. Yesterday afternoon was only slightly stronger. It didn't result in many lenders offering mid-day improvements in rate sheets. Today, howev... (read more) Housing News Pending Home Sales Reflect "Dispirited" Buyers Pending sales, which were widely expected to make a good showing in November, pulled back sharply instead. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a forward-looking indicator based on contracts for ex... (read more) Rob Chrisman Lender/Realtor Connections Ramping Up; Quicken in The News; Young Folks Following Affordability "I like to party. And by 'party' I mean take a nap." Lots of folks are taking naps this week, but those on the production side of residential lending are talking, off the record, of being worried about huge drops in pipelines, lower... (read more) Housing News Reviving Private Label MBS: How and Why? In an earlier article we summarized the first part of a report by Urban Institute's Housing Finance Policy Center, Senior Fellow Jim Parrott about the failure of private label securitization (PLS) to recover after the housing crisis. He cites the lac... (read more) MBS Commentary MBS Live Day Ahead: Year-End Grind Continues; Pending Sales and 5yr Auction 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 Commentary MBS Live Recap: Slowest Full Day of The Year 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) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 2:13PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 2:13PM EST Latest Video And the world's worst celebrity neighbor is... House flipping returns in force Cashin: Thin markets and light trading Around the Web Gallup U.S. Investor Optimism Ends 2016 at Nine-Year High Bloomberg QuickTake: Understanding Full Employment - Bloomberg freddiemac.mwnewsroom.com Over 80 Percent of Largest U.S. Housing Markets Improving CNBC Pending homes sales fall 2.5 percent in November as Trump bump misses housing NAHB Eye on Housing What Building 1,000 Homes Means to the U.S. Economy Redfin Homebuyers Will Look for Cheaper Homes if Mortgage Rates Reach 5 Percent, Redfin Agents Report Market Watch Aging population faces challenges in aging homes CNBC US Treasurys edge higher as bond investors eyes data, auctions Calculated Risk Blog Zillow Forecast on Case-Shiller Index: "Expect a (Very) Modest Slowdown" in November Calculated Risk Blog What will happen with house prices in 2017? 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

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