Mortgage rates fell today, largely in response to the past two days of bond market improvement. In other words, lenders had been keeping their guard up ahead of today's key inflation data (The Consumer Price Index, or "CPI"). While it's true that a strong CPI report had the potential to push rates back to the highest levels since this summer, today's data wasn't strong enough. In fact, most of the metrics were roughly in line with forecasts. Still, the strength and resilience in bond markets shouldn't be discounted . Bonds also digested strong Retail Sales data and managed to maintain stronger levels achieved overnight. In general, "strength" in bond markets translates to lower mortgage rates, although there can be some lag between the two. Most lenders continue quoting conventional 30yr fixed

November 15, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Lower After Inflation Data Mortgage rates fell today, largely in response to the past two days of bond market improvement. In other words, lenders had been keeping their guard up ahead of today's key inflation data (The Consumer Price Index, or "CPI"). While it's true that a s... (read more) Housing News Fannie Mae is Testing New Type of Construction Loan With new home building still lagging other measures of the housing recovery, and lean inventories of new homes causing shortages of existing homes as well, Fannie Mae is seeking ways to provide a little help . The company has plans to test market at ... (read more) Housing News Mortgage Insurance Fund Circling the Drain - Better Loans to Blame? FHA's Mortgage Insurance Fund (MIF) lost ground this past year, which is bad news for those hoping for a cut in its fees. The Department of Housing and Urban Development (HUD) released results of the statutorily required independent actuarial analysi... (read more) Rob Chrisman Conventional Conforming Underwriting Updates, New Products I remember when being worth a million bucks really meant something, and my parents occasionally pointed out someone who they thought was a millionaire. Now they’re a dime a dozen, especially in the United States where there are over 15 million ... (read more) Housing News Refinancing Rallies, Drives Week's Numbers The week ended November 10 saw a strong pickup in applications for refinancing but continued weakness in those for home purchases. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 3.1 percent... (read more) MBS Commentary MBS Live Recap: Bonds Defy CPI and Retail Sales to With Solid Gains As noted in today's MBS Huddle, an absence of any selling pressure in bond markets was a positive result in itself.  Selling pressure would have been fairly easy to justify given the slightly stronger CPI data as well as moderately stronger Re... (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 98.85 -0.07 Price / Yield Change MBS UMBS 5.5 98.85 -0.08 UMBS 6.0 100.51 -0.06 GNMA 5.5 99.48 -0.09 GNMA 6.0 100.64 -0.07 Pricing as of: 11/14 11:18PM EST 10 Year US Treasury 4.4552 +0.0164 Price / Yield Change US Treasury 2 YR Treasury 4.352 +0.002 5 YR Treasury 4.339 +0.013 7 YR Treasury 4.401 +0.014 10 YR Treasury 4.457 +0.018 30 YR Treasury 4.609 +0.026 Pricing as of: 11/14 11:18PM EST Latest Video Debating the flattening yield curve's market message Gary Cohn looks for assurances from CEOs on tax plan, gets crickets Richard Cordray announces his departure from the CFPB Around the Web CNBC Republican Sen. Ron Johnson tells WSJ he won't vote for GOP tax bill The Atlantic Republicans Slap an Expiration Date on Middle-Class Tax Cuts CNBC Consumer protections may wither as CFPB head Cordray departs, observers say NAR - Realtor.com Tax Overhaul Plans Make New York Home Buyers Think Twice Federal Reserve Brainard, Regional Food Systems and Community Development CNBC CFPB director Richard Cordray to step down at the end of November consumerfinancemonitor.com CFPB Finally Acknowledges Arbitration Rule "Has No Force or Effect" Bloomberg US Inflation, Retail Data Show Economy Ready for Fed Rate Hike Calculated Risk Blog AIA: Architecture Billings Index "Bounce Back" in October CNBC Business inventories unchanged in September vs expectation of 0.2% gain PR Newswire Homeowners: Great Time to Sell, But Not to Buy and Here's Why CNBC US consumer prices rise marginally, core CPI firming CNBC US retail sales unexpectedly rise on automobile purchases

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