Mortgage rates continued higher today, bringing them back in line with Monday's levels. Part of the rise was due to weaker trading levels in bond markets. Just as important is the fact that many lenders didn't raise rates yesterday afternoon as the bond weakness began (weaker bond markets imply higher rates). In other words, unless bond markets improved overnight, this morning's rates were already destined to be a bit higher than yesterday's. Even though today's increase was far more substantial than yesterday's, it leaves rates at levels that are still slightly better compared to last Friday. Many lenders continue to offer 4.125% on top tier conventional 30yr fixed scenarios, though several have moved back up to 4.25% with today's weakness. Loan Originator Perspective With no major data until

February 10, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Rates Remain Lower vs Last Week Despite Rising Today Mortgage rates continued higher today, bringing them back in line with Monday's levels. Part of the rise was due to weaker trading levels in bond markets. Just as important is the fact that many lenders didn't raise rates yesterday afternoon as the b... (read more) Mortgage Rate Watch Winning Streak Ends For Mortgage Rates Mortgage rates finally moved higher after three straight days of solid improvement. If it's any consolation, today's rise wasn't on par with even one of the past 3 days of gains, although that could change by tomorrow morning. Weakness in the bond ma... (read more) Rob Chrisman Appraisal Trends & updates; Primer on Stock Market Moves vs. Bonds The stock market is not the economy. That’s a simple financial truth, but it is hard to keep in mind during rallies or sell-offs. Especially when mainstream press seems to forget it. More on stock & bond prices several paragraphs down. Chan... (read more) MBS Commentary MBS Live Day Ahead: Range Trade Behaving Predictably This mostly data-free week ends today with one of the only potential market movers ranking as "2nd tier" or better. But Consumer Sentiment at 10am isn't important because of the headline sentiment reading.  Rather, market participants are more... (read more) MBS Commentary MBS Live Recap: Sun Sets For Bond Rally This morning's commentary invoked some figurative language evokes notions of seasonality (have you ever seen invoke and evoke used in the same sentence?! but I digress).  Even that early in the day, I had a sinking feeling that--although the sun... (read more) MBS Commentary MBS Live Recap: Slow Day For Bond Markets; MBS Outperform It was an exceptionally slow day for bond markets with the exception of some tension, at times, during the morning hours.  Treasuries and MBS both began the day in weaker territory with currency fluctuations being the key motivation early in t... (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 98.84 -0.09 Price / Yield Change MBS UMBS 5.5 98.86 -0.06 UMBS 6.0 100.52 -0.04 GNMA 5.5 99.50 -0.07 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 9:24PM EST 10 Year US Treasury 4.4508 +0.0120 Price / Yield Change US Treasury 2 YR Treasury 4.357 +0.007 5 YR Treasury 4.336 +0.010 7 YR Treasury 4.393 +0.006 10 YR Treasury 4.447 +0.008 30 YR Treasury 4.594 +0.011 Pricing as of: 11/14 9:24PM EST Latest Video Trump to fill three vacant Fed governor seats January consumer sentiment data out Henderson on the Fed: Inflation not a big concern Around the Web Reuters Fed's Tarullo to resign, creating opening at central bank NPR Trump And Japan's Shinzo Abe Talk Diplomacy At White House News Conference CNBC Fitch: Trump's economic plans represent a threat to the world CNBC OPEC achieves record compliance with oil output cuts. Experts ask if it can last CNBC US consumer sentiment hits 95.7 in mid-February vs estimate of 98.5 Bloomberg Bonds Slump as Dollar Boosted by Trump Tax Pledge: Markets Wrap CNBC Serial house sitters shed the shackles of a mortgage Reuters Energy products boost U.S. import prices in January CNBC Fannie Mae exec with ties to Mnuchin is among candidates for consumer protection job CNBC Three Fed rate hikes reasonable for 2017, Evans says NAR - Realtor.com Attention First-Time Buyers: Here's the Key Stuff You Don't Know About Mortgages Market Watch Fed's Evans: Inflation has to hit 2% for central bank to maintain credibility Reuters Fed's Bullard says rates can remain low through 2017

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