Mortgage rates moved slightly lower today, despite movement in bond markets that would have suggested otherwise. The paradoxical strength is likely due to the fact that bonds improved faster yesterday without mortgage lenders adjusting rate sheets accordingly. In other words, we began the day with an advantage thanks to lenders being overly cautious yesterday. From here we could even see a few lenders adjust rate sheets for the better as bonds have managed to find their footing at the end of the day. To put this talk of "improved rates" in context, many prospective borrowers would not see any difference between today's loan quotes and yesterday's. Some lenders didn't make any changes. Others merely offered modest reductions in upfront costs. It's only when we look at the average lender and

December 15, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Hold Recent Lows Mortgage rates moved slightly lower today, despite movement in bond markets that would have suggested otherwise. The paradoxical strength is likely due to the fact that bonds improved faster yesterday without mortgage lenders adjusting rate sheets ac... (read more) Housing News Freddie and Fannie May Get Another Jumpstart There has been a flurry of news about the two GSEs, Fannie Mae and Freddie Mac, in the last few weeks. The House Financial Services Committee recently advanced H.R. 4560, the GSE Jumpstart Reauthorization Act of 2017 to the full house for considerati... (read more) Rob Chrisman THL Invests in G-Rate; Fair Lending and HMDA News Originators, who work with plenty of renters who want to be owners, should know that the Harvard Joint Center tells us that, “We’re finally seeing the record growth in renters slow down, but while the market has responded to rental housin... (read more) MBS Commentary MBS Live Day Ahead: Is There a Common Theme For Bonds at Year-End? From time to time, a discussion will start up among MBS Live community members regarding certain habits for certain months of the year.  Some popular observations have been "bonds always sell-off in October" and "there's always volatility in ... (read more) Mortgage Rate Watch Mortgage Rates Hold On to Lower Levels After Tax Bill Doubts Mortgage rates held on to yesterday's gains in most cases. Some lenders were even in slightly better shape today, but not enough to have an effect on anything beyond the upfront costs associated with any given rate quote. Rates themselves would be ri... (read more) MBS Commentary MBS Live Recap: Stocks Lose, Rates Recover on Tax Bill Fears Bonds began the day in weaker territory partly due to a correction from yesterday's strong run in the afternoon, and partly due to stronger economic data in Europe.  Domestic economic data was stronger too, with Retail Sales coming in at 0.8 v... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.77% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.77% -0.01 0.00 15 Yr. Fixed 6.03% -0.01 0.00 30 Yr. FHA 6.35% 0.00 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% +0.01 0.00 30 Yr. VA 6.36% 0.00 0.00 Updates Daily - Last Update: 7/22 15 Yr. Fixed Rate 6.03% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.82% +0.05 0.62 15 Yr. Fixed 6.11% +0.07 0.66 30 Yr. Jumbo 6.81% +0.12 0.39 Updates Weekly - Last Update: 7/16 MBS / Treasuries UMBS 30YR 5.5 99.49 -0.02 Price / Yield Change MBS UMBS 5.5 99.49 -0.01 UMBS 6.0 101.35 -0.04 GNMA 5.5 99.72 -0.06 GNMA 6.0 101.28 -0.04 Pricing as of: 7/23 8:14AM EST 10 Year US Treasury 4.3649 +0.0189 Price / Yield Change US Treasury 2 YR Treasury 3.846 +0.017 5 YR Treasury 3.900 +0.014 7 YR Treasury 4.113 +0.014 10 YR Treasury 4.361 +0.015 30 YR Treasury 4.929 +0.012 Pricing as of: 7/23 8:14AM EST Latest Video Half the benefit of tax reform priced in for retail stocks: Analyst Santelli Exchange: The reversal of 'distortions' Marco Rubio will support GOP tax bill after child tax credit tweaks, source... Around the Web Reuters Fed's rosy economic scenario leaves inflation puzzle for Powell CNBC Fed's Quarles will recuse himself from participating in matters specific to Wells Fargo Reuters Republicans finish tax bill, will release details later in day consumerfinancemonitor.com CFPB data collection freeze impacting CFPB examinations Bloomberg Treasuries Are the Least Volatile Since the 1960s Calculated Risk Blog Q4 GDP Forecasts CNBC Your next home rental agent may be a robot CNBC Fed's Evans says was against rate hike over inflation concerns Calculated Risk Blog Industrial Production Increased 0.2% in November CNBC Changes are coming in the tax bill to be released Friday, and here are some of the reasons for them Bloomberg Fannie-Freddie Talks Focus on Finding Rivals for Mortgage Giants Reuters Wall Street falls as investors fret about tax bill passage Bloomberg It's Trump's Fed Now

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