Mortgage rates continued higher for the 2nd straight day after hitting the lowest levels in more than 7 months earlier this week. Wednesday's big move lower was a direct result of political headlines relating to potential wrongdoing in communications between Trump and former FBI Director Comey concerning the FBI's investigation into former National Security Advisor Flynn's communication with Russia. Specifically, financial markets perked up when a story broke suggesting that the House Oversight Committee could easily demand these records. The most widely-discussed implication (assuming wrongdoing were to be confirmed) was potential impeachment. Several lawmakers went so far as to make promises to that effect via twitter and other media. What does all this have to do with mortgage rates? Rates

May 19, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Higher, Volatility Looms Mortgage rates continued higher for the 2nd straight day after hitting the lowest levels in more than 7 months earlier this week. Wednesday's big move lower was a direct result of political headlines relating to potential wrongdoing in communications... (read more) Rob Chrisman Wells and Freddie Team Up; Bank and CU News; What is Chase doing? For me this week included time in Salt Lake City, Columbus, Milwaukee, San Francisco, and Raleigh. (The mood is good as individuals continue to share best practices in an effort to lend to consumers in a compliant and cost-effective way – and t... (read more) Housing News Watt Says GSE Reform Differs from Housing Finance Reform The status of the GSE's (Fannie Mae and Freddie Mac), as well as the topic of housing finance reform continue to be "hot," according to Melvin L. Watt, Director of the GSE's conservator, the Federal Housing Finance Agency (FHFA). Watt spoke to the No... (read more) MBS Commentary MBS Live Day Ahead: Levels to Watch; Hoping For Calm If bonds hadn't undergone their highest volume move of the year on Wednesday and Thursday, we would have expected this week to be relatively dead in terms of market movement potential.  There was nothing interesting on the event calendar, save... (read more) Mortgage Rate Watch Mortgage Rates Rise Gently From 7-Month Lows Financial markets are still reeling from political headlines that first began circulating on Tuesday afternoon. While stock markets made a reasonable attempt to retrace yesterday's big move lower, bond markets weren't as interested. Fortunately, that... (read more) MBS Commentary MBS Live Recap: Bonds Holding Week's Big Gains For Now It could have been a lot worse!  That's a great theme for today's bond market action.  Yesterday was the kind of rally where traders buy bonds first and ask questions later.  Those questions are typically asked in the form of bond sel... (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 98.86 -0.07 UMBS 6.0 100.52 -0.05 GNMA 5.5 99.49 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 10:52PM 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 4.401 +0.014 10 YR Treasury 4.456 +0.017 30 YR Treasury 4.608 +0.025 Pricing as of: 11/14 10:52PM EST Latest Video Market's 'Trump bump' turns to 'Trump slump' Strategist: The biggest 'enemy' to the market Congressman: It's really hard to get tax reform done to begin with Around the Web Reuters BofA opens debate on lowering mortgage down payments CNBC The 20 most expensive zip codes for renters in America Calculated Risk Blog Merrill: "Will it be a summer break for the Fed?" Market Watch The Fed: Fed minutes may quell fresh doubts about a June rate hike Calculated Risk Blog BLS: Unemployment Rates Lower in 10 states in April, Three States at New Series Lows CNBC St. Louis Fed's Bullard says expected rate hikes 'too aggressive' NAHB Eye on Housing Custom Home Building Market Growth Slows Bloomberg Mnuchin May Face Fight With Watt Over Fannie-Freddie Dividends NAFCU FHFA's Watt reiterates true housing finance reform depends on Congress feedproxy.google.com Tax Reform Could Deliver a Tax Hike for Homeowners: New Research Calculated Risk Blog Sacramento Housing in April: Sales down 3%, Active Inventory down 16% YoY consumerfinancemonitor.com CFPB and FTC confirm scrutiny of ancillary products CNBC House oversight panel chairman Chaffetz reportedly planning to depart Congress June 30

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