While some lenders were slightly better or worse versus yesterday, mortgage rates were unchanged on average today. This isn't much of surprise considering yesterday's much-anticipated healthcare vote never happened. It's rumored to occur this afternoon, but markets won't have much time to react before closing for the weekend. If you need to get caught up with the healtchare news and the mortgage rate implications, check out yesterday's article . The bottom line of all this political drama is that it's not about healthcare! It's about investor confidence in the Trump administration's other policy promises. If the healthcare deal fails (or is significantly changed), investors will lose hope for the tax cuts promised during the campaign. That would likely be bad for stocks and good for rates.

March 24, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates in Holding Pattern Until Healthcare Vote While some lenders were slightly better or worse versus yesterday, mortgage rates were unchanged on average today. This isn't much of surprise considering yesterday's much-anticipated healthcare vote never happened. It's rumored to occur this afterno... (read more) Housing News Experian Fined for Misrepresenting Credit Scores It wasn't exactly bait and switch, maybe unlawful substitution is closer to the mark. Whatever, Experian, the credit reporting company, has been handing consumers a line about their credit scoring system and CFPB caught them. The Consumer Financial P... (read more) Housing News 2016 Cash and Distressed Sales Totals Hit Nine-Year Lows The share of homes sold for cash fell to the lowest level in nearly a decade in full-year 2016. CoreLogic said that 32.1 percent of all home sales in the 12-month period ending in December closed without benefit of a mortgage. This was a decrease of ... (read more) Rob Chrisman Experian Fined by CFPB; Jumbo Program News; Technology Updates In legal news, Experian , one of the nation's three major credit reporting bureaus, misled consumers by telling them that the credit scores they purchased from the company were the same ones that lenders used to make credit decisions, the Consumer Fi... (read more) MBS Commentary MBS Live Day Ahead: Healthcare Bill Dominates Markets The healthcare bill is all anyone can talk about (here's one recent article from Reuters).  We rarely see such an abrupt coalescence of market focus on something that was heretofore "off the radar."  There are a few potential reasons for ... (read more) MBS Commentary MBS Live Recap: Bonds Fizzle as Week Ends Without Healthcare Vote More than a few bond bulls out there (those are folks who want rates to go lower!) were eager for the vote to take place on the healthcare bill that drew most of the market's attention this week.  They figured one of two things would happen. &... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% 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 99.67 -0.17 Price / Yield Change MBS UMBS 5.5 99.69 -0.15 UMBS 6.0 101.41 -0.15 GNMA 5.5 99.89 -0.08 GNMA 6.0 101.17 -0.24 Pricing as of: 7/3 10:41AM EST 10 Year US Treasury 4.3314 +0.0516 Price / Yield Change US Treasury 2 YR Treasury 3.879 +0.091 5 YR Treasury 3.931 +0.064 7 YR Treasury 4.117 +0.061 10 YR Treasury 4.333 +0.053 30 YR Treasury 4.849 +0.041 Pricing as of: 7/3 10:41AM EST Latest Video Closing Bell Exchange: Market hanging on every noise from DC Futures Now: Bond market's next move House readies health care vote Around the Web OCC Mortgage Performance Continues to Improve CNN Investors yank $8.9 billion from U.S. stocks, most in 9 months Bloomberg The Markets Don't Care About Health Care as Long as They Get Their Tax Cut Bloomberg Fed's Kashkari Gets an Earful After Delving Into New Territory CNBC US durable goods orders rose in February, led by aircraft builderonline.com The Best Markets for Buying Single Family Rentals in 2017 Redfin When You Can't Pay All Cash: Redfin Agents Spill SOME of their Secrets for How to Win a Bidding War in 2017 Bloomberg Fed's Kaplan Says MBS and Treasuries Should Both Be Rolled Off Reuters Republicans scramble for health bill votes after Trump ultimatum 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

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