Mortgage rates fell today , in many cases to levels not seen in well over a month . The average lender was just a hair better than last Thursday, meaning you'd have to go back to November 17th to see anything better. 4.125% is still the most prevalent conventional 30yr fixed rate on top tier scenarios, with today's improvements seen in the form of upfront costs. In other words, " effective rates " (which take closing costs into consideration) are lower while " note rates " (which is just the rate applied to your mortgage balance) are generally unchanged. What's behind today's move? First of all, lenders are increasingly able to offer rate sheet improvements even if bond markets simply hold their ground. Lenders had extra cushion built into late December rate sheets as bond markets deteriorated

January 11, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Lowest in Nearly 2 Months Mortgage rates fell today , in many cases to levels not seen in well over a month . The average lender was just a hair better than last Thursday, meaning you'd have to go back to November 17th to see anything better. 4.125% is still the most prevalen... (read more) Rob Chrisman The Ceaseless Lender and Investor FHA, VA, Fannie, Freddie Program Changes While rumors swirl about the topic for the phone call with Stearns Lending’s correspondent-wide staff today (let’s hope its good news), Richard Cordray’s job future, and more retail layoffs (this time Walmart’s cuts), how abou... (read more) MBS Commentary MBS Live Day Ahead: Waiting For a Range Break, and 10yr Treasury Auction To a significantly greater degree than yesterday's 3yr Treasury auction, today's 10yr auction will have the power to confirm a trend we were beginning to see at the end of last year.  Namely, that investors had finally seen prices fall enough ... (read more) Mortgage Rate Watch Mortgage Rates Staying Steady in New, Lower Range Mortgage rates were slightly higher today, but remain in much better shape overall when compared to the last month of 2016. In many ways, the new year marked a shifting of gears for rates, or rather, the bond traders whose actions dictate the day-to-... (read more) Housing News Applications Continue Stabilizing as Rates Recover Mortgage applications continue to decompress from the two-week holiday moratorium as well as from the usual holiday business interruptions, so it is hard to know where volumes really stand. The Mortgage Bankers Association's (MBA's) current Market Co... (read more) MBS Commentary MBS Live Recap: Bonds Uneventfully Hold Narrow Range Today was about as tame as they come  for bond markets, post-election.  10yr yields traded a high of 2.394 and a low of 2.361.  That's a very narrow day by recent standards, and if we look only at domestic hours, the range is a bit na... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% -0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% -0.05 0.00 15 Yr. Fixed 5.91% -0.05 0.00 30 Yr. FHA 6.20% -0.02 0.00 30 Yr. Jumbo 6.80% -0.04 0.00 7/6 SOFR ARM 6.33% 0.00 0.00 30 Yr. VA 6.22% -0.01 0.00 Updates Daily - Last Update: 6/30 15 Yr. Fixed Rate 5.91% -0.05% 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 5.5 100.02 +0.21 Price / Yield Change MBS UMBS 5.5 100.07 +0.26 UMBS 6.0 101.68 +0.17 GNMA 5.5 100.19 +0.19 GNMA 6.0 101.50 +0.14 Pricing as of: 6/30 6:13PM EST 10 Year US Treasury 4.2290 -0.0523 Price / Yield Change US Treasury 2 YR Treasury 3.715 -0.035 5 YR Treasury 3.804 -0.031 7 YR Treasury 3.990 -0.045 10 YR Treasury 4.225 -0.057 30 YR Treasury 4.776 -0.055 Pricing as of: 6/30 6:13PM EST Latest Video Trump's plans for rebooting the economy The market's reaction to Trump's news conference Trump exciting 'animal spirits' in housing: Robert Shiller Around the Web Calculated Risk Blog Phoenix Real Estate in December: Sales up 6%, Inventory down 3% NMHC Industry Supports Expanded Private Flood Insurance Rule HUD Measuring Progress in the Housing Market CNBC Markets wait for stimulus talk from Trump, but don't get it freddiemac.mwnewsroom.com Freddie Mac Leads Nation as Top Multifamily Lender for Second Year in a Row Bloomberg The Gundlach vs. Gross 10-Year Bond Yield Debate - Bloomberg Video CNBC Three things to watch as the big US banks turn in their quarterly results NAHB Eye on Housing Builders Satisfy Demand for Open Floor Plans CNBC Trump will soon be begging the Fed for QE4: Marc Faber Bloomberg Fed on Edge as Trump Growth Bump Boosts Risks of Rate-Hike Error Bloomberg Suddenly, Home Sale Agreements Are Falling Apart Across the U.S. Calculated Risk Blog Thoma: "Here's what really caused the housing crisis" The Atlantic Can the Flaws in Credit Scoring Be Fixed?

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