Mortgage rates were unchanged to slightly lower today, depending on the lender. Merely holding steady is a victory today. Reason being: bond markets (which dictate rates) weakened yesterday. That implied higher rates ahead. Lenders had the choice to change yesterday's rate sheets for the worse or to wait until this morning to make the adjustments. Very few issued reprices yesterday. In other words, this morning's rate sheets needed the overnight bond market strength in order to hold steady. Fortunately, that strength was just enough for the average lender to remain in similar shape to yesterday or better. There were a few brief spats of intraday market volatility, but none were sufficient to prompt any rate changes from mortgage lenders. The Fed released the Minutes from its last policy meeting

January 3, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Hold Steady Despite Fed's Warning Mortgage rates were unchanged to slightly lower today, depending on the lender. Merely holding steady is a victory today. Reason being: bond markets (which dictate rates) weakened yesterday. That implied higher rates ahead. Lenders had the choice to ... (read more) Housing News November Construction Spending Comes in Hot Construction spending in November came in slightly above analysts' consensus for an increase of 0.6 percent. Overall expenditures for construction put in place during the month were at a seasonally adjusted annual rate of 1.257 trillion, a 0.8 percen... (read more) Rob Chrisman State Lending Law Changes Sweep Across the Country; LO Updates Regardless of weather, there are 251 business days in 2018, one more than in 2017. For years we’ve been counting the days for rates to move higher, yet the 10-year Treasury note finished 2017 yielding 2.41% versus beginning 2017 yielding 2.45% ... (read more) MBS Commentary MBS Live Day Ahead: First Econ Data of the Year Plus Fed Minutes Today brings the first significant economic data of the new year in the form of ISM Manufacturing at 10am.  During times when markets are actively responding to economic data, this is one of the most important reports.  It is traditionally ... (read more) Housing News MBA Plays Catch Up After Holiday Hiatus The Mortgage Bankers Association (MBA) closed its offices for the year-end holidays, so today's report on mortgage applications for the week ended December 29, 2017 covers changes since the Association's report for the week ended December 15. The dat... (read more) MBS Commentary MBS Live Recap: Bonds Stay Green Despite Fed Minutes and Stronger Econ Data Bond markets improved overnight, but were under pressure in the morning after stronger ISM Manufacturing data and then again following the release of the Minutes from the December Fed meeting.  By the end of the day, a chart of 10yr Treasury y... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.05% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.05% +0.03 0.00 15 Yr. Fixed 6.43% +0.06 0.00 30 Yr. FHA 6.39% +0.09 0.00 30 Yr. Jumbo 7.24% +0.04 0.00 7/6 SOFR ARM 7.11% +0.12 0.00 30 Yr. VA 6.39% +0.07 0.00 Updates Daily - Last Update: 11/15 15 Yr. Fixed Rate 6.43% +0.06% 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 98.83 -0.09 Price / Yield Change MBS UMBS 5.5 98.83 -0.09 UMBS 6.0 100.50 -0.06 GNMA 5.5 99.42 -0.14 GNMA 6.0 100.68 -0.03 Pricing as of: 11/15 8:43PM EST 10 Year US Treasury 4.4404 +0.0016 Price / Yield Change US Treasury 2 YR Treasury 4.301 -0.049 5 YR Treasury 4.307 -0.019 7 YR Treasury 4.374 -0.013 10 YR Treasury 4.440 +0.002 30 YR Treasury 4.617 +0.034 Pricing as of: 11/15 8:43PM EST Latest Video The bond market is about to enter another cycle: Yamada ISM manufacturing index at 59.7 in December New York City real estate market takes a tumble in the fourth quarter Around the Web CNBC Fed minutes show 'last stand' by Yellen and the doves CNBC Tax cuts pushed Fed to raise economic forecast, meeting minutes show Calculated Risk Blog FOMC Minutes: New Tax Law "would likely provide a modest boost to capital spending" NAR - Realtor.com A Fight Over the Credit Score Lenders Use for Your Mortgage 4-traders.com A Hedge-Fund Titan Puts Away the Punchbowl Reuters Automakers post lower December U.S. sales; eye taxes, rate hikes builderonline.com N.Y. Builder's Bankruptcy Filing Has Buyers in Limbo Reuters U.S. construction spending rises to record high in November Calculated Risk Blog Reis: Office Vacancy Rate unchanged in Q4 at 16.3% CNBC ISM manufacturing index hits 59.7 in December; construction spending up 0.8% in November CNBC The Fed may be only thing that can stand in the way of a rally that has been impossible to stop Bloomberg All Talk, Few Answers From FOMC for Yellen's Long Inflation Miss CNBC Manhattan real estate prices and sales fell ahead of tax changes

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