Mortgage rates moved modestly higher today, although some lenders were right in line with yesterday's levels (especially those who raised rates in response to market weakness yesterday afternoon). Either way, today's rates are pretty darn close to yesterday's and very much inside the recent range. The Labor Department announced that 228k new jobs were created in November, stronger than the median forecast of 200k. These so-called "nonfarm payrolls" add up to the most widely followed metric on the health of the labor market in the US. On most other occasions, the report would create a more meaningful response in rates (which tend to rise when jobs growth is strong). In the current case, market participants are more interested to see how various legislative efforts develop--especially the tax

December 8, 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 Dec 8, 2017 Rates Stay Higher After Jobs Report and Shutdown Bill Fri, Dec 8, 2017 2:28PM Mortgage rates moved modestly higher today, although some lenders were right in line with yesterday's levels (especially those who raised rates in response to market weakness yesterday afternoon). Either way, today's rates are pretty darn close to yesterday's and very much inside the recent range. The Labor Department announced that 228k new jobs were created in November, stronger than the median forecast of 200k. These so-called "nonfarm payrolls" add up to the most widely followed metric on the health of the labor market in the US. On most other occasions, the report would create a more mean... (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 99.77 +0.05   95.05 99.96 UMBS 30YR 5.5 101.13 +0.04   97.47 101.28 10 YR Treasury 4.019 -0.011   3.932 4.780 MBS Live Day Ahead: Time for The NFP Question Fri, Dec 8, 2017 8:32AM Bond markets haven't been at all keen to react in a major way to economic data.  Tax reform and other fiscal issues have been center stage for several months.  Even before that, employment metrics had mostly faded from the spotlight, leavi... (read more) MBS Live Recap: Scary Up Close; Tame in Context Thu, Dec 7, 2017 4:52PM Bond markets began the day roughly unchanged compared to yesterday afternoon's weaker closing levels.  From there, Treasuries rallied in concert with European bonds and managed to hold the modest gains through the European close.  The implication here is that the net effect of US + European trading was slightly positive for bonds.  Subtracti... (read more) MBS Price Change UMBS 4.5 97.79 +0.03 UMBS 5.0 99.77 +0.05 UMBS 5.5 101.14 +0.04 GNMA 4.5 97.79 +0.05 GNMA 5.0 100.00 +0.07 GNMA 5.5 101.03 +0.10 Pricing as of: 10/16 12:34AM EST US Treasury Yield Change 2 YR Treasury 3.486 -0.015 5 YR Treasury 3.605 -0.015 7 YR Treasury 3.791 -0.014 10 YR Treasury 4.018 -0.011 30 YR Treasury 4.619 -0.008 Pricing as of: 10/16 12:34AM EST Other News 90% of US Counties Get FHA Loan Limit Increase Fri, Dec 8, 2017 10:34AM Loan limits will be rising in 2018 for loans guaranteed by the FHA. The Department of Housing and Urban Development (HUD) announced on Thursday it was boosting limits for those loans in more than 3,000 counties. This will bring FHA loans in line with those of Fannie Mae and Freddie Mac. The Federal Housing Finance Agency announced new limits for loans eligib... (read more) Consumers Expect Strong Increases in Housing Costs Fri, Dec 8, 2017 12:28PM After dropping in October from what had been an all-time high the previous month, Fannie Mae's Home Purchase Sentiment Index (HPSI) resumed its upward trek , increasing by 2.6 points in November to 87.8, Strong responses to questions in the National Housing Survey (NHS) to questions about whether it was a good time to buy a home and expectations for home pri... (read more) State-Level Policy Updates; Eyes on Fed Rate Increase Fri, Dec 8, 2017 9:34AM Trio is a lease with an option to purchase that you can use to finance your new home." Its sister company is Ownoption Mortgage , doesn't appear to be licensed either. And in the Seattle area, Loftium continues to offer a service to provide down payment funds in exchange for a share of future Airbnb income. "Homebuyers who need Loftium's do... (read more) Latest Video President Trump signs bill government funding bill to avert shutdown Economist: Wage growth number from jobs report looked ‘disappointing’ Preliminary consumer sentiment index at 96.8 in December Around the Web CNBC Lack of wage growth remains, for yet another year, the economy's greatest mystery Reuters U.S. tax revamp still incomplete as Republicans eye social program cuts Reuters Trump signs temporary spending bill as budget talks intensify CNBC Trump signs bill to avert government shutdown for two weeks Calculated Risk Blog Solid Seasonal Retail Hiring in November CNBC $5 billion worth of Southern California real estate faces significant fire risk CNBC Wholesale inventories fall 0.5 vs 0.4 expected CNBC Consumer sentiment hits 96.8 vs 99 expected consumerfinancemonitor.com CFPB Updates TRID Rule Guide to Forms Freddie Mac Freddie Mac Announces Pricing of $292 Million Multifamily Small Balance Loan Securitization CNBC Job market beats expectations with 228,000 payroll growth; unemployment holds at 4.1% Bloomberg Fannie and Freddie Overhaul Plan Takes Shape on Capitol Hill - Bloomberg Calculated Risk Blog Leading Index for Commercial Real Estate "Remains Strong" in November

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