Mortgage rates held steady to start the new week. This keeps them in line with the best levels since November 2016. There were no interesting developments in financial markets or in terms of economic data today. Most news coverage was focused on the solar eclipse. It's a good thing the eclipse happened, because it's not entirely clear what financial media outlets could have possibly discussed otherwise. But again, with rates at the lowest levels of the year, "boring" and "sideways" are only terms that inconvenience someone trying to write about market movements whereas they're a relative boon to consumers who are buying a new home or refinancing an existing mortgage. 3.875% remains the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios, although quite a few lenders

August 21, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Steady at 2017 Lows Mortgage rates held steady to start the new week. This keeps them in line with the best levels since November 2016. There were no interesting developments in financial markets or in terms of economic data today. Most news coverage was focused on the ... (read more) Rob Chrisman Freddie, Fannie, and Lender Shifts in Appraisal and Inspection Policies What does $980k buy in the SF suburb of Vallejo, CA? A property designed by Julia Morgan (think Hearst Castle) with floating stairways, over-sized eves, massive beams, decks, and the use of exquisite wood wainscoting. The photos are sure impressive .... (read more) Housing News Residential Investment Weighed Down Q2 GDP Real residential investment subtracted from GDP in the second quarter of the year to the greatest extent since the third quarter of 2010. Fannie Mae's August Economic Developments notes a 6.8 percent annualized decline, but the company's economists e... (read more) MBS Commentary MBS Live Day Ahead: Nothing to do With The Eclipse Welcome!  Here is a safe haven from all of the eclipse talk.  It won't be mentioned at all in this article.  Never mind that it's in the title and the first 3 sentences, because we're about to move on. Bond markets begin another "su... (read more) MBS Commentary MBS Live Recap: Bonds Manage to Close 'Unchanged' Despite Some Volatility In the Day Ahead, we discussed bond traders' probable goals regarding keeping things as calm as possible.  This depended on unexpected headlines and movements in external markets.  Either of those were capable of throwing curveballs , and ... (read more) MBS Commentary MBS Live Recap: Was the Eclipse a Market Mover? It's a good thing financial media outlets aren't too shy about covering topics outside the financial sphere because without the eclipse, there would have been nothing to talk about today.  Volume and volatility dropped off a cliff, abruptly. &... (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 98.98 +0.05 Price / Yield Change MBS UMBS 5.5 98.97 +0.04 UMBS 6.0 100.63 +0.07 GNMA 5.5 99.60 +0.04 GNMA 6.0 100.74 +0.03 Pricing as of: 11/15 7:47AM EST 10 Year US Treasury 4.4365 -0.0023 Price / Yield Change US Treasury 2 YR Treasury 4.318 -0.032 5 YR Treasury 4.310 -0.016 7 YR Treasury 4.377 -0.010 10 YR Treasury 4.438 0.000 30 YR Treasury 4.603 +0.020 Pricing as of: 11/15 7:47AM EST Latest Video Closing Bell Exchange: Market warning signs Tax reform a big deal 10 years from now, not short-term: Moody's Mark Zandi 'Baby boomers' staying put as housing shortage looms Around the Web CNBC 'Tax reform light' more likely; won't significantly impact 2018 economic growth: Pimco Market Watch In One Chart: If the global trading community was just 100 people, this is what it would look like Bloomberg Fed's Big Bond Unwind May Clobber US Stocks, Corporate Debt Calculated Risk Blog Existing Home Sales: Take the Under on Thursday Market Watch Bond Report: Treasury yields slightly lower as investors gear up for Jackson Hole PR Newswire July Construction Starts Increase 6 Percent Reuters U.S. workers have low hopes for higher pay -Fed survey CNBC Housing recovery suffers, but don't blame the millennials OCC Higher-Loan-to-Value Lending Guidance Designed to Spur Community Revitalization Calculated Risk Blog Chicago Fed "Index Points to Growth near Historical Trend in July" NAHB Eye on Housing Gains for Custom Home Building Reuters Futures flat; White House turmoil, North Korea in focus Bloomberg Yellen, Draghi Head to Jackson Hole Amid Inflation Unease

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