Mortgage rates were at their highest levels in roughly 1 month as of yesterday afternoon. That ran counter to many of the mortgage rate news stories that came out throughout the day due to said stories using Freddie Mac's Primary Mortgage Market Survey as source material (a longstanding survey that accurately tracks rates over time, but often fails to account for near-term volatility). Accounting for near-term volatility is tricky business for mortgage lenders this week--especially over the past 3 days. Wednesday and Thursday saw rates spike quickly higher as the Senate's version of the tax bill looked increasingly likely to pass. In general, the tax bill is good for stocks and bad for bonds. By far and away, the week's biggest market mover landed today in the form of headlines regarding former

December 1, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Recover After Flynn Headlines Mortgage rates were at their highest levels in roughly 1 month as of yesterday afternoon. That ran counter to many of the mortgage rate news stories that came out throughout the day due to said stories using Freddie Mac's Primary Mortgage Market Surv... (read more) Housing News Residential Dollars Behind Much of Construction Spending Gains Construction expenditures so far this year continue to run ahead of what was spent in 2016, with private construction accounting for most of the increase. Residential spending remains a top star, out-shown only by private sector commercial constructi... (read more) Housing News Fannie Mae's October Volume Edges Higher Fannie Mae's Book of Business increased at a compounded annual rate of 1.6 percent in October, to a value of $3.200 trillion compared to $3.195 trillion in September. The Book has increased by 2.1 percent year-to-date, and gained 1.4 percent for all ... (read more) Rob Chrisman Servicing Deals; Yield Curve and LIBOR News; Chinese and US Securities December already? There are all kinds of scurrilous M&A rumors out there, or of rumors about companies going belly up, and will continue to be. And have you noticed that, officially, every company think it’s “the greatest thing since ... (read more) MBS Commentary MBS Live Day Ahead: Glimmer of Bond Market Hope Ahead of The Inevitable The extent to which the tax bill is "inevitable" remains to be seen, but at the moment, financial markets are still treating it as "highly likely"--just not as inevitable as yesterday around noon Eastern.  Since then, we've learned that the grow... (read more) MBS Commentary MBS Live Recap: Bonds Dragged Into Danger Zone Ahead of Tax Vote As discussed in detail in the daily video on MBS Live, today's bond market weakness was multifaceted , to say the least.  But if we want to make the move higher in stocks and bond yields about one thing and one thing only, we can continue to ta... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/4 3:43PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/4 3:43PM EST Latest Video The only reason Mueller made a deal with Flynn is info on higher-ups: Larry... Jared Kushner is the very senior official in Michael Flynn's statement Stocks slash losses as tax bill vote gains momentum Around the Web CNBC Potential Fed nominee El-Erian offers praise for 'beautiful normalization' of policy CNBC Markets grapple with tug-of-war between tax cuts and Trump's legal woes CNBC Read: Michael Flynn's plea agreement and how he lied to FBI abcnews.go.com Flynn has promised special counsel 'full cooperation' in Russia probe: Source Bloomberg Fed's Bullard Warns Yield Curve May Invert in a 'Bearish' Sign Reuters Wall Street drops on ABC report on Russia probe NY Times The Great American Single-Family Home Problem CNBC Fed should raise interest rates in near future, Kaplan says CNBC ISM manufacturing index hits 58.2 in November; construction spending up 1.4% in October CNBC Fed's Bullard: 'Material risk' of yield curve inversion late next year CNBC NAHB CEO: GOP is interested in our demands on the tax billnobody wants a housing recession CNBC CME says it's launching bitcoin futures on Dec. 18 The Atlantic The Neverending Foreclosure

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