There are several news stories out today that reference LOWER rates this week. These all rely on stale survey data that failed to account for changes over the past 2 days. Mortgage rates actually continued higher today at the same quicker pace seen yesterday. Due to the relatively narrow range during November, rates are now in line with their highest levels in more than a month whereas they were at 2-week lows just 2 days ago. The average lender is now quoting conventional 30yr fixed rates of 4.0% on top tier scenarios, with a few outliers at 3.875% and 4.125%. A few days ago, 3.875% was nearly as prevalent. As we discussed yesterday, the potential tax bill has had a pretty consistent relationship with rates. To whatever extent it looks passable, rates have generally moved higher. Today was

November 30, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Hit 1-Month Highs There are several news stories out today that reference LOWER rates this week. These all rely on stale survey data that failed to account for changes over the past 2 days. Mortgage rates actually continued higher today at the same quicker pace seen y... (read more) Housing News Are New Loan Limits Already At Risk? The issue of Fannie Mae and Freddie Mac and their about-to-be-zero capital buffers has fallen off the radar in recent months, but apparently there is some movement behind the scenes. A little background: The GSEs were put into conservatorship in 2008... (read more) Housing News Loan Production Expenses Hurt Bank Profits Mortgage bank profits declined in the third quarter of 2017 when compared to the second quarter, but remained substantially higher than in the two rather disastrous quarters that preceded it. The Mortgage Bankers Association (MBA) says that independe... (read more) MBS Commentary MBS Live Day Ahead: Bonds on Edge as Tax Vote Could Come At Any time Bonds are beginning the day in roughly unchanged territory, but that's not a good thing as far as the bigger picture is concerned.  "Unchanged territory" means that yields are right on the edge of a very long-term range.  In fact, with th... (read more) Rob Chrisman Lender Survey of Issues; Servicing News and Primer - Values Matter In non-residential news, just because people have to eat doesn’t mean every grocery store chain thrives. There is chatter out there in the commercial sector that Southeastern Grocers (think Winn-Dixie, Bi-Lo, Harvey’s, Fresco y Mas) could... (read more) MBS Commentary MBS Live Recap: Bonds Dragged Into Danger Zone Ahead of Tax Vote As discussed in detail in the daily video on MBS Live, today's bond market weakness was multifaceted , to say the least.  But if we want to make the move higher in stocks and bond yields about one thing and one thing only, we can continue to ta... (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 -0.07 UMBS 6.0 100.51 -0.05 GNMA 5.5 99.49 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 11:28PM EST 10 Year US Treasury 4.4567 +0.0179 Price / Yield Change US Treasury 2 YR Treasury 4.352 +0.002 5 YR Treasury 4.337 +0.011 7 YR Treasury 4.400 +0.013 10 YR Treasury 4.455 +0.016 30 YR Treasury 4.608 +0.025 Pricing as of: 11/14 11:28PM EST Latest Video Senate tax bill would raise GDP 0.8% over 10 years, says Joint Tax Committe... House working on stop gap to extend government funding November Chicago PMI 63.9 vs. 63.0 est. Around the Web Bloomberg Mester Joins Powell Seeing Case Building for December Fed Hike Fannie Mae Fannie Mae Releases October 2017 Monthly Summary ... CNBC Senate tax bill would pay for less than half of proposed cuts, congressional analysis says Reuters House resorting to series of temporary funding bills Reuters Dow tops 24,000 as tax bill garners crucial support CNBC Fed's Quarles warns of 'serious financial stability issues' from cryptocurrencies Calculated Risk Blog Hotel Occupancy Rate Increased Year-over-Year, On Pace for Record Year Brookings Institution Hutchins Roundup: Student loan nudges, slow productivity growth and interest rates, and more CNBC McCain will support Senate tax bill, boosting its chances of passage Freddie Mac Mortgage Rates Inch Lower Calculated Risk Blog Personal Income increased 0.4% in October, Spending increased 0.3% NAHB Eye on Housing Growth Rate for Residential Construction Loans Picks Up CNBC US weekly jobless claims total 238,000, vs 240,000 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.