It wouldn't be surprising to find both lenders and consumers suffering from whiplash following the first quarter of 2017. Mortgage rates, which shifted by as much as 30 basis points in either direction during the quarter, took the refinanceable population along for the ride. That population is defined by Black Knight Financial Services in its Mortgage Monitor as homeowners who can both qualify for refinancing and have the motivation to it. In any given week during the quarter, Black Knight says, "relatively small interest rate movements have increased or decreased the size of the refinanceable population by as much as 20 percent." For example, the 30-year fixed rate mortgage dropped below 4.0 percent on April 20 and that increased the refinance pool to 4.1 million, up 46 percent from the 2

May 1, 2017 Download our Mobile App: Download our Mobile App: Housing News Rates Have Disproportionate Impact on Refi Pool It wouldn't be surprising to find both lenders and consumers suffering from whiplash following the first quarter of 2017. Mortgage rates, which shifted by as much as 30 basis points in either direction during the quarter, took the refinanceable popul... (read more) Housing News Residential Construction Spending Continues to Rise Construction spending dipped slightly in March, although privately funded spending held its ground and residential construction activity was at a higher pace than in February. The U.S. Census Bureau said on Monday that construction of all types was p... (read more) MBS Commentary MBS Live Day Ahead: Action-Packed With Fed, NFP, and Weekend Anxiety It's an action-packed week for global financial markets, with several major motivations to consider.  First and foremost, this is the first day of a new month.  Just as the last day of any given month can be volatile due to "month-end tradi... (read more) Rob Chrisman New Products; Underwriter, LO Training; Legal News - Customer Info in the Cloud Do you think the regulatory environment in residential lending is tough to navigate? Just think about who is going to regulate flying cars? Dust off the Jetson’s tapes: There is a litany of legal and regulatory questions posed by these machines... (read more) Mortgage Rate Watch Mortgage Rates Unchanged Heading Into Fed Week Mortgage rates were unchanged today, holding onto modest improvements seen yesterday. In many ways, the past 2 days have confirmed that rates are in limbo near the lower end of the post-election range. To be sure, they were definitively lower in mid-... (read more) MBS Commentary MBS Live Recap: Month-End Buying Helps Bonds Hold Ground Bond markets began the day in slightly weaker territory, with Treasuries following European yields higher in the overnight session.  Domestic hours brought more selling pressure out of the gate with Q1 wage growth coming in higher than expecte... (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 99.92 +0.07 UMBS 6.0 101.62 +0.06 GNMA 5.5 100.06 +0.09 GNMA 6.0 101.47 +0.06 Pricing as of: 7/3 7:09AM EST 10 Year US Treasury 4.2641 -0.0157 Price / Yield Change US Treasury 2 YR Treasury 3.768 -0.020 5 YR Treasury 3.850 -0.018 7 YR Treasury 4.039 -0.018 10 YR Treasury 4.265 -0.015 30 YR Treasury 4.794 -0.015 Pricing as of: 7/3 7:09AM EST Latest Video Ellie Mae CEO: Purchase market, not interest rates, driving mortgage refina... US Treasury Secretary Mnuchin: Tax plan details will come out when we turn ... Ben Bernanke: 3% growth 'a long shot' Around the Web Reuters Congress set to vote on heading off government shutdown NAFCU NCUA recovers $445M from UBS in MBS suit CNBC Here are 3 times when Trump's comments shocked financial markets Reuters Airbnb, San Francisco settle lawsuit over short-term rental law CNBC Investors are getting the Fedand the economyall wrong CNBC Treasury Secretary Mnuchin says Trump tax plan will eliminate all deductions, except mortgage interest and charitable giving Calculated Risk Blog ISM Manufacturing index decreased to 54.8 in April Bloomberg Fed's Cut in Huge Bond Holdings May Be Messier Than Yellen Hopes CNBC Former Fed Chair Bernanke casts doubt on Trump's growth expectations CNBC US Treasurys inch lower as Congress reaches deal to avert shutdown NPR Congress Reaches Deal To Fund Government Through September Calculated Risk Blog Chicago PMI increases in April CNBC Economic growth may stink, but a pickup in inflation means the Fed will raise rates

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