Mortgage rates moved higher today , even after many lenders offered mid-day improvements in the afternoon. Bond markets (which underlie rate movement) reacted negatively to this morning's economic data. The biggest report of the morning--Retail Sales--was slightly weaker than the median forecast. Typically, this would HELP rates. But some traders were expecting the number to be even weaker compared to the forecast (yes, this is like a forecast of a a forecast). In separate data, several inflation metrics came in stronger than expected. Given the fact that markets are fairly worried that inflation will pick up under the Trump administration, it's not unfair to expect rates to react when data suggests inflation (or inflation expectations) may already be moving higher. 4.125% is still the most

January 13, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates End Week at Highs Mortgage rates moved higher today , even after many lenders offered mid-day improvements in the afternoon. Bond markets (which underlie rate movement) reacted negatively to this morning's economic data. The biggest report of the morning--Retail Sales... (read more) Housing News Carson will "Examine" FHA Premium Cut The surprise reduction in FHA annual premiums announced last week by the current Secretary of Housing and Urban Development (HUD) may not survive long into the new administration. Ben Carson, M.D. President-elect Donald Trump's pick to head HUD, said... (read more) Rob Chrisman Primer on HUD and Carson Testimony, Thoughts on MIP Cut, and Reduced Government Footprint The average person in the residential lending sector would be hard pressed to say what Julian Castro, the current Secretary of HUD, does , or what role he serves. (Kind of like asking someone what gluten is.) We should remember that the Department of... (read more) MBS Commentary MBS Live Day Ahead: First and Only Major Econ Data of The Week Bond markets are beginning the day slightly stronger ahead of the week's only significant economic data.  The 8:30am time slot brings Retail Sales (expected at +0.7) and Producer Prices (core year-over-year expected to drop from 1.6 to 1.5).... (read more) MBS Commentary MBS Live Recap: Bonds Pull Back to Unchanged After Speculative Surge In glancing at various trader/analyst/strategist emails, I see perhaps a greater diversity of opinions about today than of any other recent trading day.  Some thought it was strong --a confirmation of yesterday's move below Monday and Tuesday's... (read more) MBS Commentary MBS Live Recap: Much Weaker After Data, but Still in Same Old Range Granted, we might wake up next Tuesday (markets are closed Monday) to find that bonds are quickly breaking out of the recent range.  But as for this week, the 2.34%-2.42% range in 10yr yields remained intact.   There were several soli... (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 6:14PM 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 6:14PM EST Latest Video Santelli Exchange: The markets' engagement to better growth commitment Consumer sentiment 98.1 (January - Prelim) PPI up 0.3%, retail sales up 0.6% in December Around the Web CNBC Op-Ed: Trump will use his real estate experience to rebuild the USOr bankrupt the country Bloomberg Wells Fargo Plans to Close More Than 400 Branches Through 2018 - Bloomberg The Atlantic The End of Government Oversight? NAR - Realtor.com Forget What You Know: This Year, Sellers May Benefit From Listing Early Reuters U.S. House Republicans to vote on Obamacare repeal CNBC Consumer sentiment little changed in January, hits 98.1 CNBC US Producer Price Index rose 0.3% in Dec, as expected CNBC More pay, greater confidence lifts December retail sales Reuters Wells Fargo's profit falls 6.4 percent Market Watch Yellen backs Dodd-Frank rules again, sounds upbeat on economy Bloomberg Carson Says 30-Year Mortgage May Not Need Government Backing NAR - Realtor.com Top Takeaways From HUD Secretary Nominee Ben Carson's Senate Hearing The Atlantic Ben Carson's Impossible Vision for American Housing

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