Mortgage rates haven't done much over the past few days, with the average lender offering substantially similar quotes every day in October. Depending on your perspective, that could be good or bad. On the positive side, the lack of movement means that clear trend toward higher rates in September is at least taking a breather. On the negative side, it means rates have been holding near the highest levels in 2 months. It's not clear what it will take for this stagnation to lift. It IS clear that it wasn't today's Fed Minutes. The Fed releases official policy statements 8 times a year. 3 weeks after each of those, the Fed follows up by releasing the Minutes for those meetings, which provide additional detail about their decision making process and the differing views of the various Fed members

October 11, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Stay Stubborn Mortgage rates haven't done much over the past few days, with the average lender offering substantially similar quotes every day in October. Depending on your perspective, that could be good or bad. On the positive side, the lack of movement means th... (read more) Rob Chrisman CA Fire Declaration, Lender and Investor Disaster Updates/Resources I mentioned yesterday that 6,762 institutions took a residential loan application in 2016, per Richey May’s HMDA dashboard data. For perspective, the 2007 HMDA data shows that 8,610 lenders took at least 1 application that year, which probably ... (read more) Housing News Refinancing Drives Application Volume Lower During Quiet Week The Mortgage Bankers Association (MBA) said mortgage applications were down during the week ended October 6, falling 2.1 percent from the previous week on a seasonally adjusted basis and 2 percent unadjusted. The downturn in MBA's Market Composite In... (read more) MBS Commentary MBS Live Day Ahead: Not Much to be Learned From Fed Minutes On both MBS Live and Mortgage News Daily, there's a video in the news stream titled "Key things to watch in the Fed minutes."  The commentator rather emphatically says there are 3 important things: " inflation, inflation, and inflation ." &... (read more) Mortgage Rate Watch Mortgage Rates Little-Changed Near 4% Mortgage rates were marginally lower today compared to last week, but only when factoring in upfront finance charges. Actual quoted interest rates have been unchanged for more than a week with the average lender quoting conventional 30yr fixed rates ... (read more) MBS Commentary MBS Live Recap: Early Gains Nearly Erased by PM Weakness Bonds struggled to find a theme in their first trading day back from a 3-day weekend.  Much of the international focus was on Catalonia's quest for independence, but headlines from the region never seemed to have a material impact on bond market... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.02% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.02% +0.01 0.00 15 Yr. Fixed 6.37% 0.00 0.00 30 Yr. FHA 6.30% -0.02 0.00 30 Yr. Jumbo 7.20% 0.00 0.00 7/6 SOFR ARM 6.99% +0.04 0.00 30 Yr. VA 6.32% -0.02 0.00 Updates Daily - Last Update: 11/14 15 Yr. Fixed Rate 6.37% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.78% -0.01 0.00 15 Yr. Fixed 5.99% -0.01 0.00 Updates Weekly - Last Update: 11/14 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly - Last Update: 10/30 MBS / Treasuries UMBS 30YR 5.5 98.83 -0.09 Price / Yield Change MBS UMBS 5.5 98.81 -0.11 UMBS 6.0 100.47 -0.09 GNMA 5.5 99.44 -0.12 GNMA 6.0 100.62 -0.09 Pricing as of: 11/15 1:48AM EST 10 Year US Treasury 4.4596 +0.0208 Price / Yield Change US Treasury 2 YR Treasury 4.357 +0.007 5 YR Treasury 4.345 +0.019 7 YR Treasury 4.407 +0.019 10 YR Treasury 4.463 +0.024 30 YR Treasury 4.613 +0.030 Pricing as of: 11/15 1:48AM EST Latest Video Money Strong president: Fed minutes validate December rate hike Fed: Increase in rates likely to be warranted Central banks have really distorted the markets: WBI Investments' Don Schre... Around the Web Market Watch Stock market notches trifecta of all-time highs as Fed minutes hint at gradual rate hikes Bloomberg House Panel's Dodd-Frank Tweaks Won't Add Up to 'a Big Number' CNBC Rent in San Francisco, but buy in Detroit NAHB Eye on Housing Construction Job Openings Reach New Cycle High CNBC Fed minutes: December rate hike all but certain despite low inflation Federal Reserve Minutes of the Federal Open Market Committee, September 19-20, 2017 NAR - Realtor.com Does Rent Control Impact Crime Rates? These Economists Have the Answer Reuters U.S. House panel approves $36.5 billion for disaster relief NPR Fed's Departing Vice Chair On Stocks, The Federal Debt And Transparency Freddie Mac Freddie Mac Prices Last Planned High LTV Deal of the Year CNBC How Trump tax plan would alter mortgage interest deduction Calculated Risk Blog BLS: Job Openings Decreased Slightly in August PR Newswire California Homeowners in Default Now Able to Submit Loan Modification Applications

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