Mortgage rates have been so little-changed in recent days that yesterday's coverage wouldn't need to be changed in order to apply perfectly today. Indeed, the 3rd paragraph is a word-for-word repeat. To be fair though, we would need to update yesterday's reference to "especially over the past 5 days." That "5" would now be a "6," obviously. Any detectable difference in today's rate quotes would come in the form of slightly lower upfront costs versus yesterday. The actual interest rate quote remains unchanged. This sideways trend could easily continue for several more days. The absence of change continues to be a good thing given that rates remain very close to their lowest levels in more than 8 months. Only a handful of recent days have been any better. 4.0% is the most prevalently-quoted conventional

June 22, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Sideways to Slightly Lower Mortgage rates have been so little-changed in recent days that yesterday's coverage wouldn't need to be changed in order to apply perfectly today. Indeed, the 3rd paragraph is a word-for-word repeat. To be fair though, we would need to update yesterd... (read more) Housing News FHFA Home Prices Continue Strong Gains April data from the Federal Housing Finance Agency (FHFA) indicates that, once again, there was no moderation in the pace of home price increases . FHFA's Housing Price Index (HPI), which is based on loans sold to or guaranteed by the two GSEs, Fanni... (read more) Housing News Prepayment Rate and Refinanceable Population Have Both Soared Prepayments, apparently spurred by the recent retreat in interest rates, soared in May. Black Knight Financial Services, in its "first look" at the month's mortgage performance data, said there was a 23 percent increase in prepayments, historically a... (read more) Housing News Purchase Loans, Closing Rates Improved in May Originations are increasingly tilted toward home purchase mortgages per the latest Origination Insight Report from Ellie Mae. The May data show the share of those mortgages gained another three percentage points to represent 68 percent of all closed ... (read more) Rob Chrisman Multiple Vendor Updates; Internal Audit Service; Alight Raising Capital This week’s Sindeo's closure reminds lenders of the basic premise: if you didn't make money in 2016, what makes 2017 any different? Your competitors won't wait for you. Correspondent, wholesale, and warehouse partners won't "look the other way"... (read more) MBS Commentary MBS Live Recap: Bonds Modestly Stronger, But Sideways Theme Remains Yesterday's recap went into some detail about the market phenomenon that can result in intense periods of sideways momentum (and trader apathy) during certain weeks of certain summertime months.  Long-story short, this week was a great candida... (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 99.48 -0.08 GNMA 6.0 100.65 -0.07 Pricing as of: 11/14 11:26PM EST 10 Year US Treasury 4.4552 +0.0164 Price / Yield Change US Treasury 2 YR Treasury 4.353 +0.003 5 YR Treasury 4.338 +0.012 7 YR Treasury 4.400 +0.013 10 YR Treasury 4.457 +0.018 30 YR Treasury 4.609 +0.026 Pricing as of: 11/14 11:26PM EST Latest Video Falling mortgage rates and rising home prices make for attractive refinanci... Santelli Exchange: Rising risks for the US economy Here's why one trader is selling the bond rally Around the Web Market Watch Bond Report: Treasurys steady as jobless-claims data extend streak of strong reports Calculated Risk Blog U.S. Demographics: The Millennials Take Over Reuters Home Capital's shares surge as Buffett rides to rescue Calculated Risk Blog Kansas City Fed: Regional Manufacturing Activity "Expanded Further" in June Freddie Mac Mortgage Rates Continue to Hold Bloomberg Top-Heavy US Housing Market Is Crowding Out the Little Guys - Bloomberg CNBC The pros and cons of paying off your mortgage before retirement builderonline.com Real Estate Tech Startup Homie Expands Into Mortgage Lending 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

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