Mortgage rates moved lower today--significantly in some cases--with the average lender making it back to 2017's lows for the first time since January. Rates came close to 2017's lows in late February and again last week before officially crossing the line today. Bond markets (which drive mortgage rates) benefited from investors seeking safe haven after headlines broke regarding North Korea's nuclear threats against South Korea and The U.S. Other geopolitical considerations regarding Russia's potential involvement with Syrian gas attacks and the French election added to the bond market gains. As bonds gain ground, prices rise and rates move lower. Lenders are now fairly evenly split between 4.0% and 4.125% in terms of the most prevalent conventional 30yr fixed quote on top tier scenarios. A

April 11, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Hit New 2017 Lows Mortgage rates moved lower today--significantly in some cases--with the average lender making it back to 2017's lows for the first time since January. Rates came close to 2017's lows in late February and again last week before officially crossing the... (read more) Housing News Vacation Home Sales Plunged in 2016, Mortgage Use Up While home sales in 2016 were the strongest in years, the National Association of Realtors® (NAR) said on Tuesday there was a shift in their composition. Sales of vacation homes fell significantly while owner-occupant and individual investor acti... (read more) Housing News Intent to Buy Wanes in Renter Survey Renter households appear increasingly willing to stay as such, per Freddie Mac. The company has released results from its latest renter survey, conducted in March showing that 59 percent of renters surveyed said they plan to rent when they next move,... (read more) Rob Chrisman Vendor Products Updates; Webinars and Training TD research finds rising home prices have driven up equity so much tha t 33% of millennial homeowners now say they are considering applying for a home equity line of credit in the next 18 months. I wonder if any of them are included in the CFPB's rep... (read more) MBS Commentary MBS Live Day Ahead: Light Calendar Remains; 10yr Auction in Focus (NOTE: If you're subscribed to receive MBS Commentary emails, you will have received last Friday's Recap in error this morning.  Sorry for the confusion) For the 2nd day in a row, bond markets are generally deprived of potential market mover... (read more) MBS Commentary MBS Live Recap: Rates Rise After Super Weak Jobs Data; Wait... What? As the headline suggests, NFP (the "nonfarm payrolls" component of the big jobs report) was much weaker than expected today (98k vs 180k forecast).  On most any other NFP day in the history of the world, that's a free ticket to bond market gains... (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 99.91 +0.07 Price / Yield Change MBS UMBS 5.5 99.91 +0.07 UMBS 6.0 101.61 +0.05 GNMA 5.5 100.06 +0.09 GNMA 6.0 101.47 +0.06 Pricing as of: 7/3 7:15AM EST 10 Year US Treasury 4.2641 -0.0157 Price / Yield Change US Treasury 2 YR Treasury 3.766 -0.022 5 YR Treasury 3.849 -0.018 7 YR Treasury 4.039 -0.018 10 YR Treasury 4.266 -0.014 30 YR Treasury 4.796 -0.013 Pricing as of: 7/3 7:15AM EST Latest Video Trader sells Treasurys as bond yields break down Closing Bell Exchange: There is volatility building Blackstone CEO: Infrastructure will make a big impact, needs to be done Around the Web CNBC Why this week is critical for banks, and the Trump economy CNBC Fed's Kashkari sees room for improvement on inflation, jobs Calculated Risk Blog EIA: Expect Record U.S. Oil Production in 2018, Exceeding 1970 Peak Market Watch Real-estate and construction sector is sole gainer among S&P 500 stocks NAHB Eye on Housing Construction Job Openings Post Small Increase Calculated Risk Blog BLS: Job Openings "little changed" in February CNBC Here are the best cities for first-time homebuyers CNBC Global political jitters are creeping up in the markets CoreLogic CoreLogic Analysis Shows 5.3 Percent of Homeowners Were Late With Their Mortgage Payments in January 2017 CNBC Yellen says Fed's independence under threat from Congress CNBC Trader bets on more pain ahead for the banks Calculated Risk Blog Leading Index for Commercial Real Estate Increases in March Freddie Mac More Renters Put Moving Plans On Hold Even As Financial Optimism Grows, Says New Freddie Mac Survey

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