Mortgage rates fell modestly today, but remained well inside the narrow range that's been intact for more than a week. For most lenders, that means conventional 30yr fixed quotes of 4.0-4.125% on top tier scenarios. Most borrowers will continue to see day-to-day changes in the form of minor adjustment to upfront costs. Narrow ranges in financial markets speak to indecision or an unwillingness to take too much of a stand ahead of potentially important developments. In the case of the current narrow range (which affects stocks as well as bonds), markets may be waiting for one of several big-ticket events in the coming days. The most immediate possibility is tomorrow's Fed announcement. While the Fed isn't expected to raise rates at this meeting, traders will nonetheless be scouring the verbiage

May 2, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Slightly Lower Ahead of Fed Mortgage rates fell modestly today, but remained well inside the narrow range that's been intact for more than a week. For most lenders, that means conventional 30yr fixed quotes of 4.0-4.125% on top tier scenarios. Most borrowers will continue to se... (read more) MBS Commentary MBS Live Recap: Bonds Hold Range With or Without Today's Events The trading week has been relatively inconsequential so far.  That's the best explanation for today's bond market gains.  Sure, there are a few anecdotes to point to in terms of cause and effect (like a big sell-off in oil, or the afterno... (read more) Housing News Another Home Price Report Defying The Odds Home prices measured by CoreLogic's Home Price Index (HPI) posted their largest gains in nearly a year in March, continuing to confound the company's own forecasts. The HPI, which includes sales of distressed properties, was up 1.6 percent from Febru... (read more) Housing News Ocwen Stock Surges on Restructuring Efforts Down but not out. It ain't over 'til its over... All available clichés may apply to Ocwen Financial Corporation. At least the corporation hopes so. The company's stock surged yesterday on news it is moving aggressively to counteract what appea... (read more) Housing News Miami vs BofA a Mixed Bag for Banks The Supreme Court ruled on Monday, in Bank of America Corp. v City of Miami , that cities can bring suits alleging discrimination under the Fair Housing Act. The 5-3 decision, with Chief Justice John Roberts joining the majority, was, in the words of... (read more) Housing News Homeownership Falls Back from Recent Gains In the second quarter of last year the homeownership rate hit its lowest level in U.S. Census Bureau reports going back 20 years, 62.9 percent. This capped off a slide that began shortly before the financial crisis and after homeownership reached an ... (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 98.84 -0.09 UMBS 6.0 100.50 -0.06 GNMA 5.5 99.47 -0.09 GNMA 6.0 100.64 -0.07 Pricing as of: 11/14 10:28PM EST 10 Year US Treasury 4.4606 +0.0218 Price / Yield Change US Treasury 2 YR Treasury 4.353 +0.003 5 YR Treasury 4.340 +0.014 7 YR Treasury 4.403 +0.016 10 YR Treasury 4.460 +0.021 30 YR Treasury 4.610 +0.027 Pricing as of: 11/14 10:28PM EST Latest Video Home improvement: A bright spot in retail? Fmr. Federal Reserve Governor on the FOMC meeting & banking regulation Crescent Capital's Attanasio: Market's trading for 1 rate hike Around the Web Market Watch Invoking central planners' and foreclosure factories,' House panel debates Dodd-Frank replacement Calculated Risk Blog Q1 2017 GDP Details on Residential and Commercial Real Estate National Housing Conference Reinventing public housing: Once more with funding CNBC How self-driving cars will profoundly change real estate Bloomberg Fannie, Freddie Profit Payments Should Continue, Treasury Says Reuters House Republicans shy of votes to pass healthcare reform: lawmaker builderonline.com Price Predicaments Bloomberg Mnuchin to Wall Street: U.S. Is Serious About Ultra-Long Bonds Freddie Mac Freddie Mac Reports First Quarter 2017 Financial Results Bloomberg UBS Pays $445 Million to Settle Mortgage Securities Probe NAFCU NCUA recovers $445M from UBS in MBS suit CNBC Here are 3 times when Trump's comments shocked financial markets Reuters Airbnb, San Francisco settle lawsuit over short-term rental law

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