Mortgage rates were lower for the 7th day in a row today, further extending their push into the lowest levels of the month. At first, that positive movement was driven by relief that the Fed's rate hike outlook didn't accelerate as much as investors expected. That motivation ran its course by the end of last week. Since then, political uncertainty has been a hot button, with widespread doubt surrounding the new administration's ability to pass the new health care bill. There have been several other contributing factors driving political uncertainty, but Thursday night's health care vote is a focal point. Most media reports suggest passage is unlikely, but that a modified version of the bill might be able to clear the House. Even though the Senate would still need to vote, if any sort of healthcare

March 22, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.20% -0.02%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Mar 22, 2017 Mortgage Rates Slightly Lower, but Volatility Looms Wed, Mar 22, 2017 3:44PM Mortgage rates were lower for the 7th day in a row today, further extending their push into the lowest levels of the month. At first, that positive movement was driven by relief that the Fed's rate hike outlook didn't accelerate as much as investors expected. That motivation ran its course by the end of last week. Since then, political uncertainty has been a hot button, with widespread doubt surrounding the new administration's ability to pass the new health care bill. There have been several other contributing factors driving political uncertainty, but Thursday night's health care vote is a f... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.20% -0.02 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.67 0.00   95.05 99.96 UMBS 30YR 5.5 101.08 -0.01   97.47 101.28 10 YR Treasury 4.035 +0.006   3.932 4.780 MBS Live Day Ahead: Lull in Data and Fed Speakers: Calm Before Storm? Wed, Mar 22, 2017 9:23AM Things are getting exciting for markets, and not simply because bond yields have returned to the core of their prevailing range for 2017 just after all hope looked lost.  Some serious questions are about to be answered, and both sides of the m... (read more) MBS Live Recap: Things Could Get Very Interesting Very Quickly For Stocks/Bonds Tue, Mar 21, 2017 5:21PM If there was one catalyst for the overall surge toward higher stocks and rates at the end of 2016, it was the expectation that the new administration's policies would do " something ." "Something" took on several forms depending on whom you asked, but the most popular definition was some combination of increased growth prospects, increased inflation ,... (read more) MBS Price Change UMBS 4.5 97.71 +0.02 UMBS 5.0 99.68 +0.00 UMBS 5.5 101.09 +0.00 GNMA 4.5 97.77 +0.07 GNMA 5.0 99.91 +0.08 GNMA 5.5 100.99 +0.09 Pricing as of: 10/15 5:30PM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.017 5 YR Treasury 3.622 +0.017 7 YR Treasury 3.807 +0.009 10 YR Treasury 4.032 +0.003 30 YR Treasury 4.624 -0.007 Pricing as of: 10/15 5:30PM EST Other News Existing Sales Stifled By Inventory Constraints Wed, Mar 22, 2017 11:20AM Existing home sales burst out of the box in January to start the year out with a 3.2 percent increase over the previous month. Those gains, however, were wiped out in February . The National Association of Realtors® (NAR) said on Wednesday that sales of previously owned homes, including single-family structures, townhomes, condos, and co-ops, retreated b... (read more) Home Prices Slam on The Brakes After 5-Year Run Wed, Mar 22, 2017 10:56AM What a difference a month makes. After posting monthly price increase in all but one month since early 2012, the Federal Housing Finance Agency reported on Wednesday that its House Price Index (HPI) has slammed on the brakes . The index, which had risen 0.4 percent from November to December remained unchanged in January. On a year-over-year basis the HPI was... (read more) Minor Correction For Mortgage Applications Wed, Mar 22, 2017 8:36AM The Mortgage Bankers Association (MBA) said today that the volume of applications for both purchase mortgages and refinancing retreated last week from their levels during the week ended March 10. MBA's Market Composite Index, a measure of that volume, was down 2.7 percent during the week ended March 17 on a seasonally adjusted basis, and was 2.0 percent lowe... (read more) Latest Video 30 Minutes to the Close: All eyes on health care vote US home inventory hits record low: Trulia report Mortgage apps slip 2.7% for the week ending March 17th Around the Web CNBC When this is happening in the bond market, you don't want to own stocks CNBC A Donald Trump vs. Janet Yellen clash is getting closer to happening Redfin This Common Mistake Can Kill Your Mortgage CNBC House Freedom caucus chairman says Obamacare replacement bill still short of votes Market Watch Selling your home this spring? 50 tips to sell it faster and at a better price Calculated Risk Blog AIA: Architecture Billings Index increased in February Reuters Key House lawmaker: Dodd-Frank overhaul remains a 2016 priority Bloomberg Crude Slides Near $50 as US Supplies Keep Expanding CNBC Bank lobbyists temper expectations for Dodd-Frank overhaul CNBC 'Bond king' Jeff Gundlach is all-in on this rising market Trulia Trulia: U.S. Home Inventory Hits Record Low Since Housing Market Began Turnaround In 2012 Reuters Fannie, Freddie revamp plan unlikely this year, dividends in focus Market Watch Market Snapshot: Selloff in U.S. stocks set to pick up again as Trump trade' dwindles

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