Mortgage rates were steady to slightly higher today, depending on the lender, despite bond market weakness. Typically, bond market weakness results in rates moving higher, but the timing of market movements can be important. Specifically, yesterday saw bond markets move to their best levels of the day in the afternoon--too late in the day for many lenders to react with lower rate offerings. Today's bond market weakness was intact right from the start of the trading session. As such, lenders simply kept rates close to unchanged as opposed to offering moderate improvements (something they likely would have done if bond markets held steady). Most lenders continue to quote conventional 30yr fixed rates of 4.0% on top tier scenarios. The more aggressive lenders are now back into the high 3% territory

April 19, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Hold Near Lows Despite Market Weakness Mortgage rates were steady to slightly higher today, depending on the lender, despite bond market weakness. Typically, bond market weakness results in rates moving higher, but the timing of market movements can be important. Specifically, yesterday s... (read more) Housing News Fannie Mae Sees Faster Fed Rate Hikes Fannie Mae has moved its projected timeline for further Federal Reserve price hikes forward by several months. The company's Economic & Strategic Research (ESR) Group points to an increase in the Fed's favored measure of inflation, the personal c... (read more) Rob Chrisman Underwriter Pay in 2016; Wells' FHA Price Move Will Move Market The English language is always changing. For example, when did “blackstone” become a verb, as in, “I was ‘blackstoned’ last week and will start collecting unemployment!”? Blockchain is another new word. Veronica La... (read more) Housing News Refinance Apps Improve as Rates Plumb Post-Election Lows Despite a slight uptick in applications for refinancing, the Mortgage Bankers Association (MBA) reports a downturn in overall application volume during the week ended April 14. MBA said that its Market Composite Index, a measure of that volume, decli... (read more) MBS Commentary MBS Live Day Ahead: Hey! It Won't Be a Straight Line. OK? When your career is directly impacted by bond market trends, and when you watch those trends on a nitty gritty, intraday level, one of the most insidious pitfalls is to get too wrapped up in every little move.  Traders and strategists are t... (read more) MBS Commentary MBS Live Recap: Europe Convinces Bond Rally to Take a Break There are a lot of pieces on the board at the moment for the bond market rally that's been intact since mid-March.  That rally began with a friendlier-than-expected set of Fed rate hike forecasts, but the baton was quickly passed to political ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 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 99.37 -0.14 Price / Yield Change MBS UMBS 5.5 99.38 -0.13 UMBS 6.0 101.31 -0.09 GNMA 5.5 99.64 -0.14 GNMA 6.0 101.28 -0.05 Pricing as of: 7/23 8:40PM EST 10 Year US Treasury 4.3837 +0.0377 Price / Yield Change US Treasury 2 YR Treasury 3.878 +0.049 5 YR Treasury 3.933 +0.047 7 YR Treasury 4.146 +0.047 10 YR Treasury 4.386 +0.040 30 YR Treasury 4.942 +0.025 Pricing as of: 7/23 8:40PM EST Latest Video How will Europe's elections affect the market? Fed's Rosengren: Reduce balance sheet 'relatively soon' Real estate sector most impacted by possible tax deduction reform: Pro Around the Web CNBC Fed's Fischer: US policy normalization likely to be gradual Reuters U.S. economy shows only modest signs of inflation pressures: Fed CNBC US regulator knocks its own handling of Wells Fargo sales scandal Market Watch Rosengren Expects Fed Will Buy Bonds Again to Combat Another Recession Market Watch Evidence the Fed can shrink its balance sheet without sparking a market tantrum Bloomberg Bond Traders Stare Down Short Squeeze as Yields Test Key Levels NAHB Eye on Housing Young Adults & the Construction Trades Calculated Risk Blog AIA: Architecture Billings Index increased in March CNBC 10 US cities where it's cheaper to buy a home than rent CNBC UK lawmakers officially approve June 8 election date Market Watch Does the market have the appetite for ultra-long bonds? Treasury wants to know CNBC Trump: 'We're going to surprise you' with speed of tax reform NAR - Realtor.com Hold On, BuyersMore New Homes Are Coming Your Way!

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