Mortgage rates moved lower today. For many lenders, it was the biggest drop in more than a month and it also brings them to the best levels in roughly a month. Others were more hesitant to make significant updates to today's rate sheets based on this morning's strength in bond markets (which underlie mortgage rates). If you're not seeing much of an improvement compared to yesterday at a specific lender, they're more likely to pass along that improvement if bond markets continue holding in current territory at the start of next week. Just to be clear on how much improvement you might expect from a day like today, we're talking about roughly one quarter of 1 percent of the loan amount, expressed in terms of upfront cost. In other words, if your loan is $100k, then your upfront costs would have

October 13, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Back Into The 3's After Inflation Report Mortgage rates moved lower today. For many lenders, it was the biggest drop in more than a month and it also brings them to the best levels in roughly a month. Others were more hesitant to make significant updates to today's rate sheets based on this... (read more) Housing News Mortgage Guidelines Could be Twice as Loose and it Still Wouldn't be 2007 Again The Mortgage Bankers Association's Mortgage Credit Access Index, released earlier this week, showed continued slight easing in the credit markets, especially in the jumbo loan space. A second similar index from the Housing Finance Policy Center, has ... (read more) Rob Chrisman Lender and Investment Bank Updates - New Products; All Eyes on Fed Per Fed Chair Janet Yellen, the Federal Reserve has been working to revise post-crisis financial regulations, making them less onerous and better suited to individual banks’ size and complexity. "For community banks, which by and large avoided ... (read more) MBS Commentary MBS Live Day Ahead: All Rise! The Judge is In My apologies to baseball fans, both of you.  The "judge" in today's case is this morning's CPI (Consumer Price Index) data.  Bonds have been deliberating all month about whether to make an attempt to break above 2.40% or bounce back into th... (read more) MBS Commentary MBS Live Recap: Bonds Bounce Big After Weak Inflation Report There was a time--in fact, there was a stretch of several years--when inflation-related reports just didn't matter .  I would have been the first to tell you that (and often was), even as those with a more conventional approach to market analys... (read more) MBS Commentary MBS Live Recap: Bonds Starting to Gather Momentum Again Bond markets are matching their best 3-day performance in over a month with today's stronger closing levels.  Unlike the previous examples, the current 3 days have resulted in the biggest move lower in yields from the previous day's highs... (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 98.84 -0.09 Price / Yield Change MBS UMBS 5.5 98.85 -0.07 UMBS 6.0 100.51 -0.05 GNMA 5.5 99.48 -0.08 GNMA 6.0 100.64 -0.07 Pricing as of: 11/14 10:55PM EST 10 Year US Treasury 4.4606 +0.0218 Price / Yield Change US Treasury 2 YR Treasury 4.351 +0.001 5 YR Treasury 4.337 +0.011 7 YR Treasury 4.399 +0.012 10 YR Treasury 4.456 +0.017 30 YR Treasury 4.607 +0.024 Pricing as of: 11/14 10:55PM EST Latest Video Trump: We cannot and will not certify Iran nuclear deal JPMorgan CEO Jamie Dimon: I could care less about bitcoin Consumer sentiment index at 101.1 for October Around the Web Reuters Wells Fargo revises expense outlook, signaling profit difficulties ahead Fannie Mae Fannie Mae Reminds Homeowners, Servicers of Mortgage ... Freddie Mac Freddie Mac Confirms Disaster Relief Policies Amid California Wildfires CNBC Bonds have taken in huge amounts of cash this year, but that could be changing CNBC Want to be a landlord? These are the top markets this fall for investing in rental homes CNBC CNBC Exclusive: CNBC Transcript: Federal Reserve Vice Chairman Stanley Fischer Speaks with Sara Eisen on "Squawk on the Street" Today CNBC Departing Fed Vice Chair Fischer says there's a 'good chance' of a hike in December CNBC Consumer sentiment hits 101.1 in October vs. 95 estimate NAHB Eye on Housing Manufactured Homes Post August Increase Reuters Wells Fargo revenue suffers on mortgage banking slump Calculated Risk Blog Cost of Living Adjustment increases 2.0% in 2018, Contribution Base increased to $128,700 CNBC Fed's Rosengren warned 'large policy mistakes' could come from setting a specific rule for setting policy CNBC US Consumer Price Index rose 0.5% in Sept, vs 0.6% increase expected

© 2024  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.