Mortgage rates are experiencing increased volatility at the end of this week, which was to-be-expected given the calendar of events and economic data. Fortunately, the volatility worked in favor of lower rates this morning after Retail Sales and a key consumer inflation report both came in lower than expected. In general, weaker economic data coincides with rates moving lower. Investors are particularly interested in inflation data at the moment as it seems to be the Fed's biggest hang-up when it comes to removing "accommodation" (a broad term that refers to the level of the Fed Funds Rate and the Fed's bond buying policies). A removal of accommodation could take the form of a Fed rate hike or a decrease in the amount of bonds the Fed is currently buying as a part of its reinvestment policy

July 14, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.20% -0.02%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Jul 14, 2017 Mortgage Rates End Week at Best Levels Fri, Jul 14, 2017 4:03PM Mortgage rates are experiencing increased volatility at the end of this week, which was to-be-expected given the calendar of events and economic data. Fortunately, the volatility worked in favor of lower rates this morning after Retail Sales and a key consumer inflation report both came in lower than expected. In general, weaker economic data coincides with rates moving lower. Investors are particularly interested in inflation data at the moment as it seems to be the Fed's biggest hang-up when it comes to removing "accommodation" (a broad term that refers to the level of the Fed Funds Rate and... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.20% -0.02 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 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 99.74 +0.01   95.05 99.96 UMBS 30YR 5.5 101.11 +0.01   97.47 101.28 10 YR Treasury 4.022 -0.007   3.932 4.780 MBS Live Recap: Post-Rally Correction Rains on Bond Market Parade Fri, Jul 14, 2017 4:58PM Today was bittersweet for bond markets, with strong gains in the morning, and an almost complete reversal by the end of the day.  As expected, the early focus was on the CPI/Retail sales data duo at 8:30am.  Both were bond-friendly, and a... (read more) MBS Price Change UMBS 4.5 97.74 -0.02 UMBS 5.0 99.73 +0.00 UMBS 5.5 101.10 +0.01 GNMA 4.5 97.75 +0.01 GNMA 5.0 99.97 +0.03 GNMA 5.5 101.01 +0.08 Pricing as of: 10/16 6:21AM EST US Treasury Yield Change 2 YR Treasury 3.495 -0.005 5 YR Treasury 3.615 -0.005 7 YR Treasury 3.799 -0.005 10 YR Treasury 4.025 -0.004 30 YR Treasury 4.616 -0.010 Pricing as of: 10/16 6:21AM EST Other News CFPB Proposes Raising HELOC Reporting Threshold. Fri, Jul 14, 2017 3:47PM Community banks and credit unions may soon be subject to new guidelines that will require them to report information on home equity lines of credit, due to Home Mortgage Disclosure Act (HMDA) reporting requirements. Under rules scheduled to go into effect, credit unions and community banks are exempt from the requirement if they have originated fewer than 10... (read more) Mortgage Standards Ease Slightly in June Fri, Jul 14, 2017 10:12AM Credit availability appeared to have improved slightly in June as three of the four components in the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) gained ground. The composite index inched up 0.1 percent from May to 178.5. A decline in the MCAI indicates that lending standards are tightening, while increases in the index a... (read more) Skimpy Listings Juicing Prices but Plaguing Sales -Redfin Fri, Jul 14, 2017 9:33AM Redfin, the Seattle-based real estate company, says that the drought in listings that has affected the inventory of homes for sale marked its 21 st month in June. This is driving prices up and marketing time down , with each setting new records during the month. The typical home found a buyer in 36 days, a day less than the record set in May. More than a qua... (read more) Compliance, Encompass, Credit Changes in the Primary and Secondary Markets Fri, Jul 14, 2017 9:16AM Today are Q2 earnings numbers from JP Morgan, Citigroup, Wells Fargo and PNC – a look at the mortgage numbers in Monday’s commentary. What may be of more interest to some is that Sunday will be an anniversary of sorts: On July 16, 2013, the U.S. Senate confirmed Richard Cordray to a five-year term as Director of the CFPB in a 66–34 vote. He... (read more) Latest Video Trader: Economy doesn’t warrant another rate hike this September June industrial production up 0.4% June retail sales down 0.2%, CPI remains unchanged Around the Web Bloomberg Unchanged CPI Slows Pace to Fed's Inflation Goal - Bloomberg Market Watch Mark Hulbert: What the flattening yield curve is trying to tell us Calculated Risk Blog First Look at 2018 Cost-Of-Living Adjustments and Maximum Contribution Base CNBC After lofty views, economists see second quarter growth bumping along at same slow trend Calculated Risk Blog Q2 GDP Forecasts: Moving on Down Calculated Risk Blog Key Measures Show Inflation mostly below 2% in June CNBC Landlord alert: New index aims to take the risk out of rental investing CNBC Lack of inflation raises new doubts about Fed ability to hike interest rates this year CNN Americans are cutting back on spending CNBC Consumer sentiment hits 93.1 in July vs. 95 estimate Market Watch Mortgage lending takes a bite out of bank earnings despite brisk spring buying season Calculated Risk Blog Industrial Production Increased 0.4% in June CNBC US consumer prices were unexpectedly unchanged in June

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