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 12, 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 Important Mortgage Performance Metric Best in 10 Years Early state mortgage delinquencies are an important measure of mortgage market health, and CoreLogic reports they are continuing to decline . In January, the company found 5.3 percent of mortgaged homeowners were 30 days or more behind in their payme... (read more) Housing News Purchase Loan Applications Set New Price Record The volume of mortgage applications reversed a three-week losing streak to rise 1.5 percent on a seasonally adjusted basis last week. The Mortgage Bankers Association said its Market Composite Index for the week ended April 7 was also higher on an un... (read more) Rob Chrisman Lender Product News; Trends in Closing and eClosing Processes “Marriage is a legal and religious alliance entered into by a man who can’t sleep with the window shut and a woman who can’t sleep with the window open.” So said Ogden Nash. Being married matters in taxes. The current GOP tax ... (read more) MBS Commentary MBS Live Day Ahead: Bonds Continue Following Risk Trade, Even if it Means Breaking The Range Yesterday, it became increasingly clear in the middle of the trading session that bond markets were responding to the "risk-off" trading motivations associated with the North Korea news.  If you're not sure what "risk-off" refers to, read this... (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) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% +0.03 0.00 15 Yr. Fixed 6.05% +0.01 0.00 30 Yr. FHA 6.38% +0.02 0.00 30 Yr. Jumbo 6.91% +0.01 0.00 7/6 SOFR ARM 6.27% +0.02 0.00 30 Yr. VA 6.40% +0.02 0.00 Updates Daily - Last Update: 7/24 15 Yr. Fixed Rate 6.05% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.74% -0.01 0.00 15 Yr. Fixed 5.87% -0.05 0.00 Updates Weekly - Last Update: 7/24 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.31 -0.05 Price / Yield Change MBS UMBS 5.5 99.31 -0.05 UMBS 6.0 101.25 -0.06 GNMA 5.5 99.58 -0.05 GNMA 6.0 101.22 -0.04 Pricing as of: 7/24 8:07PM EST 10 Year US Treasury 4.3982 +0.0145 Price / Yield Change US Treasury 2 YR Treasury 3.923 +0.045 5 YR Treasury 3.960 +0.030 7 YR Treasury 4.164 +0.020 10 YR Treasury 4.398 +0.015 30 YR Treasury 4.939 -0.001 Pricing as of: 7/24 8:07PM EST Latest Video Trump: Dollar is getting too-strong -WSJ Santelli Exchange: Fmr. FDIC Chairman on regulatory & housing finance refor... All-America Economic Survey: Stock market optimism at 10-year high Around the Web CNBC Trump says he is undecided about renominating Yellen Calculated Risk Blog Mortgage Rates below 4% Again? CNBC Trump tanks the dollar after saying it's 'getting too strong' Reuters Trump says dollar 'getting too strong': Wall Street Journal Bloomberg Some Big Bond Managers Are Buying Volatility Again CNBC The market fear index is surging to a post-Trump high, and here's why Calculated Risk Blog Q1 Review: Ten Economic Questions for 2017 Market Watch Bernanke's conundrum: Why do investors trust the Fed? NAHB Eye on Housing The Distribution of Residential Construction Loans Among Banks CNBC Real estate mogul: Buying a house is your fastest path to wealth CNBC Bond prices mixed as uncertainty rises ahead of US talks with Russia CNN House GOP vows to offer Dodd-Frank overhaul bill by end of April CNBC Why this week is critical for banks, and the Trump economy

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