Mortgage rates didn't move much today, despite moderate improvements in bond markets. Typically, stronger bond markets result in lower rates, but if anything, more lenders moved into slightly weaker territory. That has a lot to do with the fact that bonds were in weaker territory around the time most lenders put out the first rate sheets of the day. With bonds improving in the afternoon, several lenders have issued mid-day reprices, bringing their rate sheets more in line with the underlying market. In a broader sense, if we're not seeing widespread participation in mid-day reprices (and we're not), it's because underlying markets have yet to definitively overcome the slow, steady trend toward higher rates over the past few months. Tomorrow morning's Consumer Price Index brings the risk of

November 14, 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 Nov 14, 2017 Mortgage Rates Mixed Depending on Lender; Volatility Ahead Tue, Nov 14, 2017 4:09PM Mortgage rates didn't move much today, despite moderate improvements in bond markets. Typically, stronger bond markets result in lower rates, but if anything, more lenders moved into slightly weaker territory. That has a lot to do with the fact that bonds were in weaker territory around the time most lenders put out the first rate sheets of the day. With bonds improving in the afternoon, several lenders have issued mid-day reprices, bringing their rate sheets more in line with the underlying market. In a broader sense, if we're not seeing widespread participation in mid-day reprices (and we're... (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 5.5 101.05 -0.02   97.47 101.61 UMBS 30YR 6.0 102.36 -0.02   99.66 102.50 10 YR Treasury 4.089 +0.006   3.621 4.780 MBS Live Day Ahead: Still Waiting For The Week's Bigger Events Tue, Nov 14, 2017 9:45AM Bond markets are starting the day in fairly similar territory to Friday's latest levels for the 2nd day in a row.  As I said yesterday, this is a precarious position because it leaves bonds right on the edge of an important technical ceiling .&... (read more) MBS Live Recap: More Consolidation, But This Time at Least It's Green Tue, Nov 14, 2017 4:47PM The past two sessions have been fairly nondescript in the bigger picture.   Both have traversed almost exactly the same trading range.  Both have exhibited very little direct attachment to news or events.  And neither have offered up a meaningful attempt to break out of recently established ranges.  Incidentally, the same patterns ... (read more) MBS Price Change UMBS 5.0 99.44 +0.00 UMBS 5.5 101.06 -0.01 UMBS 6.0 102.36 -0.01 GNMA 5.0 99.73 0.00 GNMA 5.5 101.01 -0.03 GNMA 6.0 102.01 +0.03 Pricing as of: 9/10 1:35AM EST US Treasury Yield Change 2 YR Treasury 3.553 -0.015 5 YR Treasury 3.614 -0.013 7 YR Treasury 3.814 -0.019 10 YR Treasury 4.088 +0.004 30 YR Treasury 4.732 -0.003 Pricing as of: 9/10 1:35AM EST Other News MBA Expects New Home Sales to Recover from Hurricane Losses Tue, Nov 14, 2017 11:24AM The Mortgage Bankers Association (MBA) says that information collected through its Builder Application Survey (BAS), shows mortgage applications for new home purchases climbed 23 percent on a non-seasonally adjusted basis from September to October. From this MBA estimates that new home sales during the month totaled 53,000 units on an unadjusted basis, compa... (read more) Tax Breaks or Not, Home Equity Lending Has Huge Potential Tue, Nov 14, 2017 10:00AM Most households buy a home to live in and raise a family. Consequently, they may not view a home as a financial asset in the same way they view their cash savings or their retirement accounts. Only half of American workers are confident that they have or will have enough in savings to fund a comfortable retirement. These are two seemingly disparate statement... (read more) Delinquencies Signal "Final Stages" of Recovery Tue, Nov 14, 2017 10:52AM To no one's surprise, measures of mortgage distress , including delinquencies, serious delinquencies, and foreclosures, were down again in August , with many metrics falling into fractional percentage territory. According to CoreLogic's Loan Performance Report for the month, the overall delinquency rate, mortgages 30 or more days past due, fell 0.6 percentag... (read more) Latest Video Fed vice chair search has just begun: Source Santelli Exchange: Traders belly up to bar charts Rep. Kevin McCarthy: We should have a tax bill on president's desk in Decem... Around the Web HUD A Day in the Life: Atlanta Homeownership Center CNBC Condo slowdown? Worrying price signal at New York's trophy tower CNBC Robert Shiller is 'concerned' as market optimism hits lowest level in over 16 years CNBC A bond market crash is a growing worry for investors Calculated Risk Blog A few random thoughts on Taxes Reuters Home Depot lifts full-year forecasts as hurricanes spur demand CNBC White House considering nomination of Mohamed El-Erian for Federal Reserve Vice Chair: Report CNBC Affordable housing could lose big in Republican tax plan Freddie Mac Freddie Mac Prices New $3.5 Billion Three-Year Reference Notes Security Calculated Risk Blog NFIB: Small Business Optimism Index "inches up" in October Gallup U.S. Economic Confidence Index Unchanged at +7 CoreLogic CoreLogic Reports Mortgage Delinquency Rates Lowest in More Than a Decade Reuters Home Depot profit beats as hurricanes spur demand

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