Mortgage rates didn't move much today, despite plenty of strength in underlying bond markets. This would normally coincide with lower rates, so what's the deal? The main issue is timing. Bond markets weakened yesterday afternoon. This would imply higher rates, but most lenders never went to the trouble of adjusting rate sheets intraday. As I said yesterday, those lenders would begin today at a disadvantage. Indeed they did, and that disadvantage was generally erased by the improvement in bond markets. Thus, lenders who didn't move rates higher yesterday were able to keep today's rates relatively unchanged, thanks to bond market gains. Lenders who DID raise rates yesterday were able to offer slightly lower rates today. All in all, the average lender is quoting the lowest rates of 2017, with

September 7, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Sep 7, 2017 Mortgage Rates Little-Changed at 2017 Lows Thu, Sep 7, 2017 3:06PM Mortgage rates didn't move much today, despite plenty of strength in underlying bond markets. This would normally coincide with lower rates, so what's the deal? The main issue is timing. Bond markets weakened yesterday afternoon. This would imply higher rates, but most lenders never went to the trouble of adjusting rate sheets intraday. As I said yesterday, those lenders would begin today at a disadvantage. Indeed they did, and that disadvantage was generally erased by the improvement in bond markets. Thus, lenders who didn't move rates higher yesterday were able to keep today's rates relative... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.06 -0.22   97.47 101.61 UMBS 30YR 6.0 102.36 -0.18   99.66 102.50 10 YR Treasury 4.082 +0.043   3.621 4.780 MBS Live Day Ahead: Draghi Set to Discuss Killer APP, But Markets Might Not Care Thu, Sep 7, 2017 8:17AM Ask me two months (or even a month ago) and I would have placed today above almost any other in terms of importance to the overall outlook.  The reason has to do with the lower pane of today's chart.   The biggest negative market move... (read more) MBS Live Recap: Bond Rally Steamrolls Naysayers With Help From Europe Thu, Sep 7, 2017 4:31PM 2 months ago, today's European Central Bank announcement looked like it would be a big deal insofar as it would be the venue for the ECB's first official comment on the fate of its bond buying program (set to expire in December).  In recent weeks, anxiety over ECB policy has faded for 2 reasons: Draghi and other officials have been offering reassuranc... (read more) MBS Price Change UMBS 5.0 99.45 -0.32 UMBS 5.5 101.06 -0.22 UMBS 6.0 102.37 -0.17 GNMA 5.0 99.73 -0.34 GNMA 5.5 101.04 -0.14 GNMA 6.0 102.01 -0.17 Pricing as of: 9/9 5:50PM EST US Treasury Yield Change 2 YR Treasury 3.558 +0.071 5 YR Treasury 3.615 +0.054 7 YR Treasury 3.815 +0.047 10 YR Treasury 4.087 +0.047 30 YR Treasury 4.731 +0.041 Pricing as of: 9/9 5:50PM EST Other News Fannie Offers Assistance to Hurricane Victims Thu, Sep 7, 2017 1:18PM As hurricane Irma roars toward Florida, and the Houston area tries to dry out from hurricane Harvey, Fannie Mae is reminding those homeowners might be or already have been affected by the storms about the options it provides for its single-family mortgage borrowers. Homeowners who suffer damage or displacement are encouraged to contact their servicers as soo... (read more) More Homeowners Saying "Good Time to Sell" Thu, Sep 7, 2017 12:12PM Consumer sentiment regarding whether it is a good time to buy or to sell a home continues to diverge as rising home prices impact both. Fannie Mae said net positive responses in its August National Housing Survey (NHS).to whether it is a good time to sell rose 8 points while the good time to buy sentiment declined by 5, adding to its 7 point drop in July. At... (read more) Irma's Impact on Loan Funding; Lots of Disaster Updates Thu, Sep 7, 2017 9:33AM As fires, floods, and storms dominate the headlines, our attention now turns to Irma. With wind speeds of 185mph, it is expected to pass near or just north of the coast of the Dominican Republic today, Cuba Saturday, and Florida Sunday. Lenders, agencies, and investors are already reacting – info below. Disaster News: Irma Incoming Before going on, rea... 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