Mortgage rates held steady to start the new week. This keeps them in line with the best levels since November 2016. There were no interesting developments in financial markets or in terms of economic data today. Most news coverage was focused on the solar eclipse. It's a good thing the eclipse happened, because it's not entirely clear what financial media outlets could have possibly discussed otherwise. But again, with rates at the lowest levels of the year, "boring" and "sideways" are only terms that inconvenience someone trying to write about market movements whereas they're a relative boon to consumers who are buying a new home or refinancing an existing mortgage. 3.875% remains the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios, although quite a few lenders

August 21, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.25% -0.04%   6.11% 7.26% 15 Yr. Fixed 5.71% -0.01%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Aug 21, 2017 Mortgage Rates Steady at 2017 Lows Mon, Aug 21, 2017 4:10PM Mortgage rates held steady to start the new week. This keeps them in line with the best levels since November 2016. There were no interesting developments in financial markets or in terms of economic data today. Most news coverage was focused on the solar eclipse. It's a good thing the eclipse happened, because it's not entirely clear what financial media outlets could have possibly discussed otherwise. But again, with rates at the lowest levels of the year, "boring" and "sideways" are only terms that inconvenience someone trying to write about market movements whereas they're a relative boon ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.25% -0.04 0.00 15 Yr. Fixed 5.71% -0.01 0.00 30 Yr. FHA 5.99% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.64% -0.01 0.00 30 Yr. VA 6.01% 0.00 0.00 Updates Daily - Last Update: 9/15 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 5.5 101.22 -0.08   97.47 101.61 UMBS 30YR 6.0 102.40 -0.05   99.66 102.50 10 YR Treasury 4.056 +0.015   3.621 4.780 MBS Live Day Ahead: Nothing to do With The Eclipse Mon, Aug 21, 2017 9:56AM Welcome!  Here is a safe haven from all of the eclipse talk.  It won't be mentioned at all in this article.  Never mind that it's in the title and the first 3 sentences, because we're about to move on. Bond markets begin another "su... (read more) MBS Live Recap: Bonds Manage to Close 'Unchanged' Despite Some Volatility Fri, Aug 18, 2017 8:20PM In the Day Ahead, we discussed bond traders' probable goals regarding keeping things as calm as possible.  This depended on unexpected headlines and movements in external markets.  Either of those were capable of throwing curveballs , and both threw a few today! Out of the gate, bonds were flat, but once equities trading picked up, Treasuries im... (read more) MBS Live Recap: Was the Eclipse a Market Mover? Mon, Aug 21, 2017 4:47PM It's a good thing financial media outlets aren't too shy about covering topics outside the financial sphere because without the eclipse, there would have been nothing to talk about today.  Volume and volatility dropped off a cliff, abruptly.  In fact, the difference in tone was big enough that I wouldn't mind chalking up some of the ABSENCE of tr... (read more) MBS Price Change UMBS 5.0 99.80 -0.11 UMBS 5.5 101.23 -0.06 UMBS 6.0 102.43 -0.02 GNMA 5.0 100.16 -0.09 GNMA 5.5 101.19 -0.04 GNMA 6.0 101.98 0.00 Pricing as of: 9/16 9:36AM EST US Treasury Yield Change 2 YR Treasury 3.544 +0.007 5 YR Treasury 3.620 +0.020 7 YR Treasury 3.808 +0.016 10 YR Treasury 4.060 +0.020 30 YR Treasury 4.683 +0.022 Pricing as of: 9/16 9:36AM EST Other News Residential Investment Weighed Down Q2 GDP Mon, Aug 21, 2017 10:58AM Real residential investment subtracted from GDP in the second quarter of the year to the greatest extent since the third quarter of 2010. Fannie Mae's August Economic Developments notes a 6.8 percent annualized decline, but the company's economists expect that sector's contribution to rebound in the third quarter. Residential investment was only part of the ... (read more) Freddie, Fannie, and Lender Shifts in Appraisal and Inspection Policies Mon, Aug 21, 2017 9:21AM What does $980k buy in the SF suburb of Vallejo, CA? A property designed by Julia Morgan (think Hearst Castle) with floating stairways, over-sized eves, massive beams, decks, and the use of exquisite wood wainscoting. The photos are sure impressive . Freddie and Fannie News, Lender Changes For wholesale and non-delegated clients, Parkside Lending, LLC , a na... (read more) Latest Video Closing Bell Exchange: Market warning signs Tax reform a big deal 10 years from now, not short-term: Moody's Mark Zandi 'Baby boomers' staying put as housing shortage looms Around the Web CNBC 'Tax reform light' more likely; won't significantly impact 2018 economic growth: Pimco Market Watch In One Chart: If the global trading community was just 100 people, this is what it would look like Bloomberg Fed's Big Bond Unwind May Clobber US Stocks, Corporate Debt Calculated Risk Blog Existing Home Sales: Take the Under on Thursday Market Watch Bond Report: Treasury yields slightly lower as investors gear up for Jackson Hole PR Newswire July Construction Starts Increase 6 Percent Reuters U.S. workers have low hopes for higher pay -Fed survey CNBC Housing recovery suffers, but don't blame the millennials OCC Higher-Loan-to-Value Lending Guidance Designed to Spur Community Revitalization Calculated Risk Blog Chicago Fed "Index Points to Growth near Historical Trend in July" NAHB Eye on Housing Gains for Custom Home Building Reuters Futures flat; White House turmoil, North Korea in focus Bloomberg Yellen, Draghi Head to Jackson Hole Amid Inflation Unease

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