Mortgage rates fell today despite relatively uneventful movement in underlying bond markets (which drive day to day changes in rates). The net improvement can be explained by the timing of yesterday's improvement. Simply put, bonds improved late in the day (following the 2pm release of the Fed Minutes). That market improvement was too late in the day for some lenders to reissue rate sheets. Lenders who DID improve yesterday afternoon nonetheless held back just a bit, as it's customary to make sure late day market gains stick around the following morning before fully adjusting rate sheets to reflect the gains. For the average borrower at the average lender, this equates to a modest reduction in the upfront costs associated with the same old rates that have been in play all week. Most lenders

May 25, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% +0.01%   6.13% 7.26% 15 Yr. Fixed 5.82% +0.00%   5.6% 6.59% 30 Yr. Jumbo 6.20% +0.00%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for May 25, 2017 Mortgage Rates Improve as Lenders Catch up With Yesterday's Gains Thu, May 25, 2017 4:08PM Mortgage rates fell today despite relatively uneventful movement in underlying bond markets (which drive day to day changes in rates). The net improvement can be explained by the timing of yesterday's improvement. Simply put, bonds improved late in the day (following the 2pm release of the Fed Minutes). That market improvement was too late in the day for some lenders to reissue rate sheets. Lenders who DID improve yesterday afternoon nonetheless held back just a bit, as it's customary to make sure late day market gains stick around the following morning before fully adjusting rate sheets to re... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% +0.01 0.00 15 Yr. Fixed 5.82% 0.00 0.00 30 Yr. FHA 6.01% +0.01 0.00 30 Yr. Jumbo 6.20% 0.00 0.00 7/6 SOFR ARM 5.72% +0.01 0.00 30 Yr. VA 6.03% +0.01 0.00 Updates Daily - Last Update: 10/16 Freddie Mac Rate Change Points 30 Yr. Fixed 6.27% -0.03 0.00 15 Yr. Fixed 5.52% -0.01 0.00 Updates Weekly - Last Update: 10/16 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.91 +0.18   95.05 99.96 UMBS 30YR 5.5 101.21 +0.11   97.47 101.28 10 YR Treasury 3.979 -0.050   3.932 4.780 MBS Live Day Ahead: Auction Cycle Ends; Bonds Still Have a Shot Thu, May 25, 2017 9:14AM Tuesday of this week was a bit alarming for bond markets as it introduced the possibility that yields were opting for upward momentum after bottoming out amid last week's political drama.  If we'd seen additional weakness yesterday, the case mi... (read more) MBS Live Recap: Bonds Begin Heading For The Exits, Hoping to Avoid Drama Thu, May 25, 2017 4:54PM After seeing today's trading--especially when we consider it in the context of recent technical levels and yesterday's bounce around 2.25% in 10yr yields--it seems increasingly clear that bonds are doing that thing they sometimes do as the weekend is approaching.  Namely, they've entered a narrow, sideways range, and they look none too interested in b... (read more) MBS Price Change UMBS 4.5 98.03 +0.27 UMBS 5.0 99.92 +0.20 UMBS 5.5 101.22 +0.12 GNMA 4.5 97.97 +0.23 GNMA 5.0 99.97 +0.03 GNMA 5.5 100.93 +0.01 Pricing as of: 10/16 3:16PM EST US Treasury Yield Change 2 YR Treasury 3.419 -0.081 5 YR Treasury 3.546 -0.074 7 YR Treasury 3.738 -0.066 10 YR Treasury 3.974 -0.056 30 YR Treasury 4.584 -0.042 Pricing as of: 10/16 3:16PM EST Other News Freddie Mac Pulls a 180 in Housing Outlook Thu, May 25, 2017 11:09AM Rather than taking a step back this year, home sales now seem ready to best their 2016 numbers. Freddie Mac's economists admit that, up until this month, their expectations were for the former (i.e. a 'step back'), but based on recent data, they now see the U.S. housing market "on track to eclipse last year as the best in over a decade." The company's May Ou... (read more) Watt Says FHL Home Bank Activity Tops $1 Trillion Thu, May 25, 2017 11:06AM It often gets lost in the shuffle, but the Federal Housing Finance Agency (FHFA) is not just the regulator and conservator of the government sponsored enterprises Fannie Mae and Freddie Mac, it also regulates the Federal Home Loan Banking System (FHLBank). Melvin L. Watt, Director of FHFA spoke to directors of those banks on Tuesday, at their Directors' Conf... (read more) PHH v. CFPB - Recording of the Arguments, a Webinar About Yesterday's Action, What's Next? Thu, May 25, 2017 9:50AM Montana may have its issues with politicians vying for the WWE title belt, but the state does seem to steer clear of cyberattacks. At least, it does in this hypnotic hacking attempt map . PHH & CFPB drama continues Yesterday the Court of Appeals rehearing of the CFPB/PHH case took place to determine the constitutionality of CFPB's leadership structure. R... 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CNBC Fed's Brainard says global economy 'brighter,' less risk to Fed outlook NAHB Eye on Housing Multifamily Developer Confidence Dips in First Quarter as Market Levels Off Freddie Mac Mortgage Rates Drop to Lowest of 2017 CNBC Jobless claims rose slightly, but four-week average is at a 44-year low CNBC US Treasurys higher as bond investors await Fed speeches, data; OPEC eyed Market Watch Sick of renting? 5 signs you're ready to buy a home CNBC Fed balance sheet unwind 'absolutely' reduces chance of more rate hikes: Former Dallas Fed advisor Calculated Risk Blog Black Knight: Mortgage Delinquencies Increased in April

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