Mortgage rates continued lower today, despite an absence of improvement in underlying bond markets. That's not too surprising considering the average lender didn't fully adjust yesterday's rates to reflect market improvements. Unlike yesterday, today was essentially flat for bond markets as investors prepare for 2 days of information from and about the Fed. Tomorrow brings the Fed's official policy announcement . While Fed announcements certainly CAN have a lot of impact on rates, that isn't terribly likely to be the case tomorrow. Investors are almost certain the Fed won't move rates at this meeting and instead opt to do so at the December meeting. Of greater importance (and of more interest to investors) is Trump's pick to replace Janet Yellen as the Chair of the Federal Reserve. That announcement

October 31, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Down to 2-Week Lows Mortgage rates continued lower today, despite an absence of improvement in underlying bond markets. That's not too surprising considering the average lender didn't fully adjust yesterday's rates to reflect market improvements. Unlike yesterday, today... (read more) Housing News Homeownership Stuck in Neutral as Rents Rise The overall homeownership rate barely budged in the third quarter of 2017, and remains only 1 percentage point above its all-time low reached in the second quarter of last year. The U.S. Census Bureau put the current rate at 63.9 percent. In the seco... (read more) Housing News Home Prices Appear Unstoppable It is increasingly hackneyed to say it, but home price appreciation accelerated yet again in August. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, increased by 6.1% on a year-over-... (read more) Housing News CFPB Unveils Early Warning System for Mortgage Delinquencies A new tool to measure the nation's largest consumer credit market came on-line this week. The new Mortgage Performance Trends tool, launched by the Consumer Financial Protection Bureau (CFPB) has the capacity to track the delinquencies in the $10 tri... (read more) Rob Chrisman Digital Mortgage Product; Lender and Investor Disaster Updates Hard to believe it is Halloween already, and lenders everywhere are mired down in contests. (“Remember the shipping department’s M*A*S*H get-up last year?” “I’m convinced the accounting department rigged the books last y... (read more) MBS Commentary MBS Live Recap: Uncharacteristically Quiet Month-End Trading Session Today was the last day of trading for the month of October.  That means money managers had to get a certain amount of bond buying accomplished in order to match their portfolios to the bond indices included in their funds.  While much of th... (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 99.67 -0.17 Price / Yield Change MBS UMBS 5.5 99.67 -0.17 UMBS 6.0 101.45 -0.12 GNMA 5.5 99.88 -0.09 GNMA 6.0 101.18 -0.23 Pricing as of: 7/3 10:13AM EST 10 Year US Treasury 4.3314 +0.0516 Price / Yield Change US Treasury 2 YR Treasury 3.874 +0.086 5 YR Treasury 3.933 +0.066 7 YR Treasury 4.118 +0.062 10 YR Treasury 4.335 +0.055 30 YR Treasury 4.850 +0.041 Pricing as of: 7/3 10:13AM EST Latest Video Homebuilder stocks rallying after data shows surging home prices House Financial Services Chairman Jeb Hensarling will not run for re-electi... Homebuilder creates school to help ease labor shortage Around the Web Reuters Property tax deal near, Republicans sprint for bill CNBC Chair of House Financial Services Committee will not run for re-election in 2018 Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in August CNBC Trump says he wants House to pass tax reform by Thanksgiving Redfin 6 Steps for Preparing Your Home for Winter Calculated Risk Blog HVS: Q3 2017 Homeownership and Vacancy Rates CNBC Consumer confidence hits 125.9 in October vs expectation of 121 PR Newswire Homeowners Should Winterize Now, Appraisal Institute Says PR Newswire DebtX: CMBS Loan Prices Decrease In September CNBC Case-Shiller home price index rises 6.1% year-over-year in August Brookings Institution Yet more evidence that housing affordability is getting worse Freddie Mac Freddie Mac Reports Third Quarter 2017 Financial Results The Atlantic The U.S. Isn't Prepared for the Next Recession

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