It's Thursday, which means Freddie Mac released its weekly update on mortgage rates . This is typically not that big of a deal because mortgage rates don't tend to move enough in the short term to expose the shortfalls of Freddie's methodology. To be perfectly fair to Freddie, their methodology is fine for those who want a once-a-week look at rates and who aren't currently in the process of shopping for a mortgage or home. Unfortunately , much of the consumer-level interest in mortgage rate news comes from those who are in the process of shopping from a mortgage or home! Granted, they're not seeking out Freddie's rate survey, but they do tend to come across internet news that cites Freddie's data as a source. Enter the pitfalls. Freddie's survey deadline is Wednesday for any given week and

January 18, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Be Careful With News on Mortgage Rates Today It's Thursday, which means Freddie Mac released its weekly update on mortgage rates . This is typically not that big of a deal because mortgage rates don't tend to move enough in the short term to expose the shortfalls of Freddie's methodology. To be... (read more) Housing News A Request; Should Fannie and Freddie Update Their Credit Requirements? There is a rather unusual request up on the Federal Housing Finance Agency's (FHFA's) website. Two FHFA analysts, saying that the issue of updating the credit score requirements for Fannie Mae and Freddie Mac (the GSEs) is among the most difficult th... (read more) MBS Commentary MBS Live Day Ahead: Is it Over? Is the decades-long bull market in bonds over?  I imagine we'll be talking about this sort of thing every time yields spike to multi-month highs and even every time they spike aggressively after hitting multi-month lows.   It's a ... (read more) Housing News New Home Construction Retreats Quickly in December Both housing starts and permits were expected to retreat a bit in December , following their strong performances in October and November. Permits did tick down, but housing starts, which were exceptionally strong in November, gave back in a much bigg... (read more) Housing News Borrowers Get Ahead of Tax Changes, Refinance Activity Up in December The new tax law appeared to have slightly influenced mortgage originations in December, ahead of its actual implementation. Ellie Mae, in its December Origination Insight Report , said the share of refinances ticked up and closing rates on both purch... (read more) MBS Commentary MBS Live Recap: Not The Kind of "Interesting" We Were Looking For Well... at least things are interesting .  The winter holidays are always a challenge from an analytical and market-watching standpoint.  It seems like a vast oversimplification (indeed, I didn't believe it was true when someone tried to e... (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 98.93 -0.07 Price / Yield Change MBS UMBS 5.5 98.93 -0.07 UMBS 6.0 100.56 -0.06 GNMA 5.5 99.57 -0.10 GNMA 6.0 100.71 -0.11 Pricing as of: 11/14 6:14PM EST 10 Year US Treasury 4.4388 -0.0252 Price / Yield Change US Treasury 2 YR Treasury 4.350 +0.077 5 YR Treasury 4.326 +0.026 7 YR Treasury 4.387 +0.015 10 YR Treasury 4.439 -0.025 30 YR Treasury 4.584 -0.050 Pricing as of: 11/14 6:14PM EST Latest Video Trump's consumer protection bureau has an odd budget request: Zero Initial jobless claims down 41,000 to 220,000 Labor shortage and material costs worsened in 2017 under Trump Around the Web Bloomberg Bond Market's Inflation Widowmaker Returns in a First Since 2013 consumerfinancemonitor.com Mulvaney forgoes CFPB funding Reuters Amid confusion, Republicans toil to reach deal to avert shutdown Freddie Mac Freddie Mac January 2018 Outlook Calculated Risk Blog Comments on December Housing Starts CNBC Trump's consumer protection bureau has an odd budget request: Zero Brookings Institution Hutchins Roundup: Monetary policy and Treasury remittances, school budget cuts, and more PR Newswire Mortgage Bankers to Congress: Housing Finance Reform Must be Next Priority NAHB Eye on Housing The Remodeling Market Index Hits 60 in Fourth Quarter Freddie Mac Mortgage Rates Move Higher For Second Consecutive Week Calculated Risk Blog Weekly Initial Unemployment Claims decrease to 220,000 Redfin 2017 Closed with Strong Home Price Growth, Up 7 Percent in December CNBC US jobless claims fall to 45-year low

© 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.