Mortgage rates moved lower today, even though underlying bond markets (which ultimately drive rates) suggested a move higher. This happens from time to time and it's usually a factor of timing. Today is no different. Bond markets were improving throughout the day yesterday, but started out at much weaker levels. Bond market weakness is associated with higher rates. As such, yesterday's rates were the highest we'd seen in roughly 2 months. As bonds improved throughout the day, many lenders abstained when it arguably became time to release friendlier rate sheets. When that happens, lenders become more likely to pass along the market gains the following morning--assuming the market gains make it through the night. That was the case today, and it allowed lenders to put rates back in line with the

September 29, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Back Down From 2-Month Highs Mortgage rates moved lower today, even though underlying bond markets (which ultimately drive rates) suggested a move higher. This happens from time to time and it's usually a factor of timing. Today is no different. Bond markets were improving throu... (read more) MBS Commentary MBS Live Recap: Strong Start, Weak Finish on Fed Musical Chairs and Month End The music is currently playing for the role of Fed Chair next year.  When the music stops, Yellen may or may not still have a seat.  News came out this morning that Trump was meeting with former Fed governor Kevin Warsh about filling the ... (read more) Housing News Mortgage Fraud Characterized by Delayed Discovery Mortgage fraud may be both more prevalent than lenders know and more insidious than they realize according to Bridget Berg, a principal in Industry Solutions and Property Intelligence for CoreLogic. In the first of a three-part series in the company'... (read more) MBS Commentary MBS Live Day Ahead: Inflation Data and Bigger Picture Considerations This morning brings one of the more important inflation metrics for the US economy via the "Incomes and Outlays" report.  As the name suggests, the report measures incomes (referred to as "personal income" in the data) as well as "outlays." ... (read more) Rob Chrisman Disaster Updates; RBS Lawsuit Setback; Lender Products Yesterday was the release of the HMDA information by the CFPB. Yes, there is a dashboard to slice and dice the data; more information below. And yes, HMDA data collection changes enforced by the CFPB are moving forward. Disaster updates Chase corresp... (read more) MBS Commentary MBS Live Recap: Bonds Struggle to Break Even After Morning Rout Treasuries hit their highest yields since the beginning of July today, although they'd already begun to calm down by the start of the domestic session.  Still, multi-month highs at any point in the day are not the sort of things that allow us ... (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 We don't have faith in meaningful tax cuts: Wells Fargo's Scott Wren Trump met with Kevin Warsh amid quest to fill Fed chair job Chicago PMI beats expectations to come in at 65.2 in September Around the Web NAR - Realtor.com If You Find Your Own Buyer, Will Your Real Estate Agent Take Less Commission? consumerfinancemonitor.com CFPB updates HMDA rule guidance materials CNBC Gary Cohn: 'People don't buy homes because of the mortgage deduction'or do they? CNBC Kevin Warsh is far from a lock to replace Janet Yellen as Fed chair CNBC Fed's Harker says he still expects to raise rates in December Calculated Risk Blog Q3 GDP Forecasts: Close to 2% consumerfinancemonitor.com CFPB enters into RESPA settlement with title agent Freddie Mac Freddie Mac September Insight: Is Geography Destiny? CNBC Bond yields jump on report former Fed official Kevin Warsh met with President Trump Calculated Risk Blog Reis: Office Vacancy Rate "flat" in Q3 at 16.1% CNBC Consumer sentiment hits 95.1 in September vs. 95.3 estimate CNBC Trump met with Kevin Warsh to discuss Fed chair job: WSJ citing White House official Reuters U.S. consumer spending barely rises; core inflation retreats

© 2024  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.