Mortgage rates moved just a bit lower today, bringing them to their best levels in exactly 1 week. Most borrowers will see little-to-no difference between yesterday and today's loan quotes with the exception, perhaps, of a modest reduction in upfront costs. That means 4.25% remains intact as the most prevalent conventional 30yr fixed rate on top tier scenarios. Bond markets (and thus, rates) responded favorably today to a series of weaker economic reports. In general, weaker economic data tends to help bonds and hurt stocks. Some of the positivity was also motivated by the calendar as certain traders are required to hold a certain mix of bonds by the end of any given month. In other words, some investors were buying bonds because they wanted to and other were buying because they had to. From

January 31, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.13% -0.12%   6.11% 7.26% 15 Yr. Fixed 5.71% +0.00%   5.54% 6.59% 30 Yr. Jumbo 6.15% -0.10%   6.15% 7.45% Compare Mortgage Rates from Local Lenders for Jan 31, 2017 Mortgage Rates Just a Bit Lower as Data Falls Short Tue, Jan 31, 2017 3:52PM Mortgage rates moved just a bit lower today, bringing them to their best levels in exactly 1 week. Most borrowers will see little-to-no difference between yesterday and today's loan quotes with the exception, perhaps, of a modest reduction in upfront costs. That means 4.25% remains intact as the most prevalent conventional 30yr fixed rate on top tier scenarios. Bond markets (and thus, rates) responded favorably today to a series of weaker economic reports. In general, weaker economic data tends to help bonds and hurt stocks. Some of the positivity was also motivated by the calendar as certain ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.13% -0.12 0.00 15 Yr. Fixed 5.71% 0.00 0.00 30 Yr. FHA 5.91% -0.08 0.00 30 Yr. Jumbo 6.15% -0.10 0.00 7/6 SOFR ARM 5.65% +0.01 0.00 30 Yr. VA 5.92% -0.09 0.00 Updates Daily - Last Update: 9/16 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 100.00 +0.04   95.05 100.50 UMBS 30YR 5.5 101.29 +0.05   97.47 101.61 10 YR Treasury 4.016 -0.015   3.643 4.780 MBS Live Day Ahead: Bonds Battle New Micro Range, Hoping for Month-End Help Tue, Jan 31, 2017 8:39AM Yesterday was a bit of a puzzler for bond markets.  Volumes were decent, but movement was contained in a very narrow range (seen in the chart below).  On one hand, that could be seen as a victory considering bond markets absorbed a huge cor... (read more) MBS Live Recap: Bonds Avoid Committing For Better or Worse Mon, Jan 30, 2017 5:26PM It was an uneventful day for bond markets from most points of view.  After opening slightly stronger in Asia, Treasuries sold-off modestly during the first part of the European session.  The key consideration at the time was stronger German inflation data.  Logically, this was a bigger deal for Germany and the EU than it was for US bond mark... (read more) MBS Price Change UMBS 4.5 98.07 +0.03 UMBS 5.0 100.00 +0.05 UMBS 5.5 101.29 +0.05 GNMA 4.5 98.19 +0.03 GNMA 5.0 100.28 +0.07 GNMA 5.5 101.18 -0.02 Pricing as of: 9/17 7:32AM EST US Treasury Yield Change 2 YR Treasury 3.502 -0.001 5 YR Treasury 3.579 -0.007 7 YR Treasury 3.763 -0.008 10 YR Treasury 4.013 -0.018 30 YR Treasury 4.624 -0.027 Pricing as of: 9/17 7:32AM EST Other News Selections From Urban Institute's Housing Chartbook Tue, Jan 31, 2017 3:51PM The Urban Institute releases a regular report, Housing Finance at a Glance , a "chartbook" loaded with charts and commentary on mortgage activity. The current edition is primarily for the period ending with the third quarter of 2016. Much of the material, credit access, residential construction data, home prices indices, etc., has been covered by MND from or... (read more) Status Quo: 5-6% Annual Home Price Gains Tue, Jan 31, 2017 10:18AM The headline of the S&P CoreLogic Case-Shiller Indices press release for the last three months has been exactly the same: NATIONAL INDEX HITS NEW PEAK AS HOME PRICE GAINS CONTINUE. The actual numbers haven't changed much either. The newest results, released on Tuesday, show the National Index, which covers the nine U.S. Census divisions, up 5.6 percent f... (read more) Upcoming Events and Training; Walter and Reverse Mortgages Tue, Jan 31, 2017 9:42AM As the old adage goes, “Women spend more time wondering what men are thinking than men spend thinking.” But certainly women spend a good deal of time thinking about other things, like…thinking about the global economy. Federal Reserve Chair Janet Yellen says blockchain "could make a big difference to the way in which transactions are clear... (read more) Latest Video Closing Bell Exchange: Uncertainty the word of the day January consumer confidence comes in slight under forecasts Santelli Exchange: The Fed & your portfolio Around the Web Calculated Risk Blog Real Prices and Price-to-Rent Ratio in November freddiemac.mwnewsroom.com Freddie Mac Releases Outlook on Multifamily Demand, Oversupply Risks in 2017 Calculated Risk Blog HVS: Q4 2016 Homeownership and Vacancy Rates CNBC US consumer confidence hits 111.8 in January vs estimate of 113 Redfin The Redfin Housing Demand Index Reached a New High in December Bloomberg Why Single Women Are Buying Homes at Twice the Rate of Single Men federalregister.gov Housing Counseling: New Certification Requirements; Correction Bloomberg Everything You Thought You Knew About Bond Yields Is Wrong: HSBC Bloomberg Treasury Curve Steepens as Microsoft Issue Includes 40-Year Debt Fannie Mae Fannie Mae Releases December 2016 Monthly Summary ... Reuters Fed exempts smaller banks from part of 'stress test' in expected move Bloomberg There's a Huge Gap Between American Economic Hopes and Reality Reuters U.S. can withhold some documents in Fannie, Freddie case: court

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