Mortgage rates moved lower today , somewhat significantly, depending on the lender. In many cases, quotes are an eighth of a point lower compared to Tuesday morning. Some lenders made the move yesterday. For others, today did the trick. In both cases, the "effective rate" (a hypothetical rate that accounts for lender-imposed closing costs) fell at its best pace in weeks. Today's quotes are the best since December 12th on average. 4.25% is now the most prevalent conventional 30yr fixed quote on top tier scenarios, although 4.375% remains fairly common. While I would love to tell you that this is a sign of a big shift back in a friendly direction, the gains are largely a result of the year-end bond trading environment. It's not the same bond market that's normally pulling the levers behind the

December 29, 2016 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Rates Set to End Year With Glimmer of Hope Mortgage rates moved lower today , somewhat significantly, depending on the lender. In many cases, quotes are an eighth of a point lower compared to Tuesday morning. Some lenders made the move yesterday. For others, today did the trick. In both cases... (read more) Housing News Majority of Housing Markets Have Recovered to Historic Norms When Freddie Mac introduced its Multi-Indicator Market Index (MiMi) in March 2014 only 11 of the 50 states plus the District of Columbia were deemed stable and in range of their historic benchmarks. That was also the case for only four of the 50 lead... (read more) Rob Chrisman PHH Sheds More Servicing; Flood Insurance News; Jumbo, Conforming, and Appraisal Changes New Residential Investment Corp. (NYSE: NRZ) announced it has entered into an agreement, through its wholly-owned subsidiary New Residential Mortgage LLC ("NRM"), to purchase approximately $72 billion UPB (480,000 loans) of seasoned Agency and privat... (read more) MBS Commentary MBS Live Day Ahead: Limited Data, Final Auction, and Month/Year-End Buying Potential 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: Another Strong Day, But Don't Get Too Excited Bonds made solid gains again today, both before and after another strong Treasury auction.  Fannie 3.5s picked up more than a quarter of a point and 10yr yields hit the lowest levels since Fed day . Days like today are frustrating because the... (read more) MBS Commentary MBS Live Recap: Exceptionally Strong Auction Sparks Moderate Rally For Bonds Today was all about the afternoon's 5yr Treasury note auction, which garnered the best demand in more than 2 years and the highest percentage of indirect bidders (which generally indicates foreign demand) ever!   10yr yields were already s... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% -0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% -0.05 0.00 15 Yr. Fixed 5.91% -0.05 0.00 30 Yr. FHA 6.20% -0.02 0.00 30 Yr. Jumbo 6.80% -0.04 0.00 7/6 SOFR ARM 6.33% 0.00 0.00 30 Yr. VA 6.22% -0.01 0.00 Updates Daily - Last Update: 6/30 15 Yr. Fixed Rate 5.91% -0.05% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 100.06 -0.01 Price / Yield Change MBS UMBS 5.5 100.08 +0.01 UMBS 6.0 101.72 +0.05 GNMA 5.5 100.15 -0.05 GNMA 6.0 101.54 +0.05 Pricing as of: 7/1 2:31AM EST 10 Year US Treasury 4.2070 -0.0176 Price / Yield Change US Treasury 2 YR Treasury 3.711 -0.004 5 YR Treasury 3.777 -0.027 7 YR Treasury 3.966 -0.024 10 YR Treasury 4.204 -0.021 30 YR Treasury 4.749 -0.026 Pricing as of: 7/1 2:31AM EST Latest Video Cashin: Horrendously low volume Deciphering Fed and market signals: Pros Time to buy down your mortgage rate? Around the Web Bloomberg Great Rotation: Is the Bull Market in Bonds Over? - Bloomberg CNBC The markets in January: What's next? Calculated Risk Blog Freddie Mac: Mortgage Serious Delinquency rate unchanged in November CNBC Rising mortgage rates making you nervous? Here's how to lower yours CNBC Dear fiscal policy: Janet Yellen's really not that into you freddiemac.mwnewsroom.com Fixed Mortgage Rates Move Higher The Basis Point Which mortgage originators will survive in 2017? CNBC (Video) Here's when to buy down your mortgage Redfin Redfin Names the Most Competitive Neighborhoods of 2016 CNBC Jobless claims fall in sign labor market is near full strength corporate.phh.com PHH Corporation Announces Sale and Subservicing Agreements for its Entire non-GNMA Mortgage Servicing Rights Portfolio Gallup U.S. Investor Optimism Ends 2016 at Nine-Year High Bloomberg QuickTake: Understanding Full Employment - Bloomberg

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