Mortgage rates remained in line with 2017's lows today, despite noticeable improvement in underlying bond markets. Under normal circumstances, bond market improvement equates fairly directly with mortgage rate improvement, but things aren't exactly normal lately. On the simplest level, the timing of market movements over the past 2 days tells the story. The prices of mortgage-backed-securities (MBS) are right in line with those seen yesterday morning when most of yesterday's rate sheets came out. Bonds and MBS weakened yesterday, but not enough for most lenders to change rate sheets before the end of the day. In that sense, today's bond market strength allowed for lenders to keep rate sheets unchanged whereas rates would have been slightly higher had bonds been flat on the day. Tomorrow morning

August 10, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Hold 2017 Lows Despite Market Volatility Mortgage rates remained in line with 2017's lows today, despite noticeable improvement in underlying bond markets. Under normal circumstances, bond market improvement equates fairly directly with mortgage rate improvement, but things aren't exactly n... (read more) MBS Commentary MBS Live Recap: Risk-Off Rally, Just Another Day For Bonds It's hard to appreciate just how different the trading session was for stocks compared to bonds.  To be sure, a near 5bp drop in 10yr yields is "nice," but it pales in comparison to the amount of movement suggest by or seen in equities markets... (read more) Housing News MBA Expects Nosedive in July New Home Sales The Mortgage Bankers Association (MBA) expects there will be a sharp downturn reported in July sales of newly constructed homes. While its Builder Applications Survey (BAS) data for the month shows mortgage applications for new home purchases remaine... (read more) Housing News Short-Term Rental Income Calculations Changed Freddie Mac has made some changes to the way in which lenders must handle rental income. The changes are primarily aimed at determining the stability of that income , especially when it is short term and does not involve a lease. The changes apply to... (read more) Rob Chrisman Digital Transactions, Electronic Closing; No Commission Loans “Rob, I am a new loan officer in an area with lots of high balance loans, and my company caps me out at $7,500 of commissions. But real estate agents don’t have a cap on what they earn, do they?” Hah! Ask the LO in the cubicle nearb... (read more) MBS Commentary MBS Live Day Ahead: Core Range Intact All Week In terms of 10yr yields, bond markets have been locked in the same narrow range for a week and half.  Even when the range was only 2 days old last week, it seemed likely that it would come to a head by tomorrow's CPI data.  With the boundar... (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 98.94 +0.01 Price / Yield Change MBS UMBS 5.5 98.99 +0.07 UMBS 6.0 100.65 +0.09 GNMA 5.5 99.62 +0.06 GNMA 6.0 100.75 +0.04 Pricing as of: 11/15 8:54AM EST 10 Year US Treasury 4.4443 +0.0055 Price / Yield Change US Treasury 2 YR Treasury 4.313 -0.037 5 YR Treasury 4.305 -0.022 7 YR Treasury 4.372 -0.015 10 YR Treasury 4.434 -0.005 30 YR Treasury 4.597 +0.014 Pricing as of: 11/15 8:54AM EST Latest Video Closing Bell Exchange: North Korea tensions, market risks Oaktree Capital's Howard Marks: Bonds may be first to crack Santelli Exchange: Market safety vs. vulnerability Around the Web Freddie Mac Freddie Mac Announces Pricing of $315 Million Multifamily Small Balance Loan Securitization NMHC New HUD Report Highlights Affordable Housing Challenges CNBC S&P 500's 1% decline Thursday is a rarity for 2017 Market Watch DoubleLine's Gundlach is set to make a killing as stock market's fear gauge' soars Market Watch Fed's Dudley says 2% inflation target will remain elusive even if price pressures pick up Calculated Risk Blog Fannie and Freddie: REO inventory declined in Q2, Down 30% Year-over-year Market Watch Fed's Dudley says modest wage growth reflects sluggish productivity Market Watch Bond Report: Treasury yields fall after reports on jobless claims, wholesale inflation Bloomberg Bullard Says Yellen Successor Should Hold More Press Conferences Reuters U.S. jobless claims rise; labor market still tightening CNBC US producer prices post biggest drop in 11 months Market Watch Invitation Homes-Starwood announce merger in bid to rent single-family homes Freddie Mac Freddie Rental Income Changes

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