Mortgage rates were slightly higher for the first time in 8 days as markets braced for the impact of political developments. The big issue of the day was (and still is) the healthcare bill set to be debated in the House of Representatives tonight. In general, if the bill is passed, investors will be more keen to believe in the viability of other legislation more germane to financial markets (like tax cuts, other stimulus, and regulatory reform). Those "other" policy points were key reasons for the sharp move higher in rates at the end of 2016. If confidence increases , it could put the same pressure back on rates. But if investors lose confidence in the policy potential, stocks and bonds would have more motivation to move lower (as they've both been doing for the past 2 weeks). As of yesterday

March 23, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 23, 2017 Mortgage Rates Stumble as Political Uncertainty Weighs Thu, Mar 23, 2017 4:06PM Mortgage rates were slightly higher for the first time in 8 days as markets braced for the impact of political developments. The big issue of the day was (and still is) the healthcare bill set to be debated in the House of Representatives tonight. In general, if the bill is passed, investors will be more keen to believe in the viability of other legislation more germane to financial markets (like tax cuts, other stimulus, and regulatory reform). Those "other" policy points were key reasons for the sharp move higher in rates at the end of 2016. If confidence increases , it could put the same pr... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.10 +0.03   97.47 101.61 UMBS 30YR 6.0 102.40 +0.03   99.66 102.50 10 YR Treasury 4.081 -0.002   3.621 4.780 MBS Live Day Ahead: Bonds Fight For The Old Ways Thu, Mar 23, 2017 7:46AM In the post-apocalyptic hell (relative) that is the post-election bond market trading environment, there was a noble group of traders who attempted to stand strong against the tyranny of those who would deign to SELL Treasuries and MBS.  Well, a... (read more) MBS Price Change UMBS 5.0 99.48 +0.04 UMBS 5.5 101.09 +0.02 UMBS 6.0 102.39 +0.02 GNMA 5.0 99.76 +0.03 GNMA 5.5 101.04 0.00 GNMA 6.0 102.04 +0.06 Pricing as of: 9/10 6:10AM EST US Treasury Yield Change 2 YR Treasury 3.544 -0.024 5 YR Treasury 3.608 -0.020 7 YR Treasury 3.811 -0.022 10 YR Treasury 4.087 +0.004 30 YR Treasury 4.741 +0.007 Pricing as of: 9/10 6:10AM EST Other News Financial Services Committee Hears Arguments to "Restructure CFPB" Thu, Mar 23, 2017 10:15AM The House Financial Services Committee (FSC) held a hearing on Tuesday into the constitutionality of the structure of the Consumer Financial Protection Bureau (CFPB). The hearing arose in part from a pending case, PHH Corp. v. CFPB , in which that constitutionality is one of the principal issues. The DC District court recently ruled in favor of PHH but CFPB ... (read more) New Home Sales Build on January Strength Thu, Mar 23, 2017 11:14AM New home sales posted a much better February than did existing home sales and, in fact, better than most analysts had expected. The U.S. Census Bureau and the Department of Housing and Urban Development report that sales of newly constructed single family homes rose 6.1 percent from January to February to a seasonally adjusted rate of 592,000 units . It was ... (read more) Loan Pay-Offs Hit Three-Year Low Thu, Mar 23, 2017 9:57AM As further evidence that the era of refinancing is ending, Black Knight Financial Services says that prepayment speeds (the SSM rate), historically a good indicator of refinancing , declined 15 percent in February. In its regular "first look" at mortgage performance activity for the month, the company says that this is the lowest monthly rate for prepayments... (read more) From Apps to Secondary, a Multitude of Vendor Changes and Announcements Thu, Mar 23, 2017 9:10AM Have you been asked to join the Trump Administration’ new group focusing on mortgage finance policy? No? My cat Myrtle hasn't gotten the nod (yet) either, but if you want on, you'd better give them a call. Mark Calabria, chief economist to Vice President Mike Pence, said the Trump administration is developing a group to focus on mortgage finance policy... (read more) Latest Video No health care vote today -NBC citing source New home sales up 6.1% in February Expert: How raising short-term rates affects long-term rates Around the Web CFPB Monitor CFPB previews 5-year review of mortgage rules CNBC This is what's behind the severe housing drought Calculated Risk Blog A few Comments on February New Home Sales CNBC (Video) Expert: Here's what happens if House fails to pass health-care bill Freddie Mac Freddie Mac Statement on Single Security and Common Securitization Platform wellsfargo.com Wells Fargo/Gallup Survey: U.S. Investor Optimism Rises to Highest Level in 16 Years CNBC Here's how the markets will react to the health-care vote, according to Art Cashin CNBC House Ways and Means chair: There's 95% agreement on GOP health-care bill, but ... Freddie Mac Mortgage Rates Drop Signals Continued Uncertainty CNBC Banks and tech firms battle over something akin to gold: Your data CNBC 8 GOP House members whose votes on health care will be crucial Reuters Fed's Yellen does not comment on monetary policy Calculated Risk Blog Weekly Initial Unemployment Claims increase to 258,000

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.