Mortgage rates have been locked in an exceptionally narrow range for most of the month of June, but especially over the past 5 days. Given that mortgage rates are determined by the bond market where trading levels move constantly throughout the day, it can be useful to consider what's been happening with those trading levels. Long story short, they haven't been remotely close to moving any higher or lower than the highs and lows seen last Wednesday. In other words, Wednesday's range set the boundaries of the current playing field for rates, and they haven't left the field since then. In terms of actual changes in mortgage rates, we're talking about a few tenths of a percent in either direction, and that's in terms of EFFECTIVE rate (the actual interest rate plus the loan-related upfront costs

June 21, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates are Barely Budging (And That's Great!) Mortgage rates have been locked in an exceptionally narrow range for most of the month of June, but especially over the past 5 days. Given that mortgage rates are determined by the bond market where trading levels move constantly throughout the day, ... (read more) Housing News Existing Sales Rise, Prices Peak, Time-to-Sell at New Low Existing home sales weren't expected to strengthen in May, in fact analysts were looking for a slight decline. Sales however did manage to recover from a significant April loss while inventories increased slightly and the median sales price rose to a... (read more) Housing News Refis Take Another Step Toward 50% of All Mortgage Apps The volume of applications for refinancing expanded for the third consecutive time during the week ended June 16. The Mortgage Bankers Association (MBA) said the increase offset another down week for purchase mortgages, giving overall mortgage volume... (read more) MBS Commentary MBS Live Day Ahead: Oil's Impact on Markets: a Slippery Slope Here we are again with oil falling into new lows for the year and suddenly, it's the inspiration for everything according to most mainstream financial media.  Slippery puns aside, don't fall for it! Sure, oil prices matter.  And they can... (read more) Rob Chrisman Borrower Satisfaction Survey; CRT's Help in Secondary; Credit Risk Increasing in Primary Market Welcome to the first day of summer. Hey, I don’t where you’re going to be exactly two months from now, but on August 21, besides marking the anniversary of Hawai’i’s statehood, there are various places to watch the total eclip... (read more) MBS Commentary MBS Live Recap: Summertime Sideways With the taper tantrum in 2013 and Brexit in 2016, two of our most recent examples of summertime bond trading have been pulled very far from historical trends.  Namely, the summer months tend to see narrower ranges and flatter trajectories compa... (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 11:31PM EST 10 Year US Treasury 4.4567 +0.0179 Price / Yield Change US Treasury 2 YR Treasury 4.351 +0.001 5 YR Treasury 4.338 +0.012 7 YR Treasury 4.399 +0.012 10 YR Treasury 4.455 +0.016 30 YR Treasury 4.607 +0.024 Pricing as of: 11/14 11:31PM EST Latest Video May existing home sales up 1.1% After weeks of secrecy, US Senate to unveil health-care bill Richard Fisher: Monetary policy no longer 'the only game in town' Around the Web Calculated Risk Blog Philly Fed: State Coincident Indexes increased in 36 states in May Market Watch Fed open to reducing regulatory burdens on banks, Powell says CNBC 'Substantial risk' that Fed is about to make a serious mistake, Pimco advisor says CNBC Fed policymaker rejects criticism of rate rise decision Market Watch Fed's Harker says plan to start to shrink balance sheet could start in September CNBC US oil falls 3%, hits lowest level since August consumerfinancemonitor.com Credit reporting standards for civil judgments and tax liens to change July 1 Calculated Risk Blog A Few Comments on May Existing Home Sales CNBC Divide widens between housing haves and have-nots NAHB Eye on Housing May Buyers Rush Past Market Challenges Calculated Risk Blog AIA: Architecture Billings Index positive in May CNBC Home sales data could present a warning sign to the Fed CNN Mnuchin: White House won't rule out a second term for Fed's Janet Yellen

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