Mortgage rates were steady-to-slightly lower today, keeping them in line with the lowest levels in 2 weeks and very close to the lowest levels of the month. For most lenders, that means conventional 30yr fixed rate quotes of 4.25% on top tier scenarios. Some lenders are still up at 4.375% and an aggressive few are back down to 4.125%. Last week, we discussed the motivations for the rate improvements in detail. To recap: longer-term rates like mortgages had already risen in anticipation of the Fed rate hike. It wasn't a surprise. Instead, markets were focused on the Fed's forward-looking rate hike forecasts, which came out slightly slower than markets expected. Thus, rates were overly-prepared for a fast rate hike timeline and had some room to return to early March levels. From there, attention

March 20, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates at 2 Week Lows Amid Political Uncertainty Mortgage rates were steady-to-slightly lower today, keeping them in line with the lowest levels in 2 weeks and very close to the lowest levels of the month. For most lenders, that means conventional 30yr fixed rate quotes of 4.25% on top tier scenari... (read more) Housing News Fannie Mae Notes Hopeful Construction Outlook Fannie Mae's March economic forecast was written before the FOMC announced an increase in the fed funds rate last Wednesday. The company's economists assumed there would be an increase, but hedged some of their predictions by noting both upside and d... (read more) Housing News Congress Holding Hearing on CFPB Constitutionality The House Financial Services Committee has scheduled a hearing on March 21 titled "The Bureau of Consumer Financial Protection's (CFPB's) Unconstitutional Design." The hearing comes on the heels of a decision by the Department of Justice to not defen... (read more) Rob Chrisman Zillow Saga Continues; Training and Events Say it ain’t so! Fannie is being bought by an Italian company?! Sure enough, Italy’s Ferrero International SA is buying U.S.-based Fannie May Confections Brands for $115 million. Ferrero already owns Nutella and Tic Tacs. Founded in 1920,... (read more) MBS Commentary MBS Live Week Ahead: Light on Data But Fed Speakers May Shape The Outlook This week will be fairly light in terms of scheduled economic data .  The first relatively significant report won't be out until Wednesday (Existing Home Sales).  The remaining days of the week only have one major report each (New Home Sal... (read more) MBS Commentary MBS Live Recap: Bonds Would Not Get Pinched Today If wearing some green is all it takes, bonds would have escaped today pinch-free.  Treasuries and MBS began the day with just a token amount of green (i.e. bond market improvement), but readily found more after inflation expectations hit record... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.01% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.01% -0.01 0.00 15 Yr. Fixed 6.37% -0.02 0.00 30 Yr. FHA 6.32% -0.08 0.00 30 Yr. Jumbo 7.20% 0.00 0.00 7/6 SOFR ARM 6.95% -0.03 0.00 30 Yr. VA 6.34% -0.09 0.00 Updates Daily - Last Update: 11/13 15 Yr. Fixed Rate 6.37% -0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 6.79% +0.07 0.00 15 Yr. Fixed 6.00% +0.01 0.00 Updates Weekly - Last Update: 11/7 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 98.86 -0.14 Price / Yield Change MBS UMBS 5.5 98.86 -0.14 UMBS 6.0 100.48 -0.14 GNMA 5.5 99.52 -0.14 GNMA 6.0 100.72 -0.10 Pricing as of: 11/14 1:47AM EST 10 Year US Treasury 4.4739 +0.0099 Price / Yield Change US Treasury 2 YR Treasury 4.315 +0.042 5 YR Treasury 4.335 +0.035 7 YR Treasury 4.409 +0.037 10 YR Treasury 4.473 +0.009 30 YR Treasury 4.650 +0.016 Pricing as of: 11/14 1:47AM EST Latest Video Fed's Kashkari's dovish case for rates Fed's Kashkari's: Fed's balance sheet should be the next move Fed's Harker: 'Prudent' to raise rates Around the Web CNBC Wells Fargo reports decrease in retail banking activity for February CNBC Private-label mortgage bonds are rising from the grave CFPB Monitor House subcommittee to hold hearing tomorrow on CFPB's constitutionality Calculated Risk Blog Housing: Upside and Downside Risks Reuters Fed on track to raise rates twice more this year: Evans CNBC Fed's Kashkari, the lone dissenter, opposed the latest rate hike due to lack of inflation Calculated Risk Blog Chicago Fed "Economic Growth Increased in February" Bloomberg Bond Market Calm Is Threatened by Fed's $1.75 Trillion MBS Shift Bloomberg Post-Fed Calm in Treasuries Masks a Raging Bulls-Bears Debate CNBC Shopping for a home? You better act fast Freddie Mac Freddie Mac Sells $667 Million NPLs Bloomberg As Yellen Complains of 'Noisy' GDP, the Fed Makes a Racket National Housing Conference Digging deep into who struggles to afford housing in your region

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