Mortgage rates didn't move much today, despite plenty of strength in underlying bond markets. This would normally coincide with lower rates, so what's the deal? The main issue is timing. Bond markets weakened yesterday afternoon. This would imply higher rates, but most lenders never went to the trouble of adjusting rate sheets intraday. As I said yesterday, those lenders would begin today at a disadvantage. Indeed they did, and that disadvantage was generally erased by the improvement in bond markets. Thus, lenders who didn't move rates higher yesterday were able to keep today's rates relatively unchanged, thanks to bond market gains. Lenders who DID raise rates yesterday were able to offer slightly lower rates today. All in all, the average lender is quoting the lowest rates of 2017, with

September 7, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Little-Changed at 2017 Lows Mortgage rates didn't move much today, despite plenty of strength in underlying bond markets. This would normally coincide with lower rates, so what's the deal? The main issue is timing. Bond markets weakened yesterday afternoon. This would imply hig... (read more) Housing News Fannie Offers Assistance to Hurricane Victims As hurricane Irma roars toward Florida, and the Houston area tries to dry out from hurricane Harvey, Fannie Mae is reminding those homeowners might be or already have been affected by the storms about the options it provides for its single-family mor... (read more) Housing News More Homeowners Saying "Good Time to Sell" Consumer sentiment regarding whether it is a good time to buy or to sell a home continues to diverge as rising home prices impact both. Fannie Mae said net positive responses in its August National Housing Survey (NHS).to whether it is a good time to... (read more) Rob Chrisman Irma's Impact on Loan Funding; Lots of Disaster Updates As fires, floods, and storms dominate the headlines, our attention now turns to Irma. With wind speeds of 185mph, it is expected to pass near or just north of the coast of the Dominican Republic today, Cuba Saturday, and Florida Sunday. Lenders, agen... (read more) MBS Commentary MBS Live Day Ahead: Draghi Set to Discuss Killer APP, But Markets Might Not Care Ask me two months (or even a month ago) and I would have placed today above almost any other in terms of importance to the overall outlook.  The reason has to do with the lower pane of today's chart.   The biggest negative market move... (read more) MBS Commentary MBS Live Recap: Bond Rally Steamrolls Naysayers With Help From Europe 2 months ago, today's European Central Bank announcement looked like it would be a big deal insofar as it would be the venue for the ECB's first official comment on the fate of its bond buying program (set to expire in December).  In recent we... (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: 11/16 3:42AM 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 0.000 10 YR Treasury 4.440 +0.002 30 YR Treasury 4.617 +0.034 Pricing as of: 11/16 3:42AM EST Latest Video Senate passes bill for Harvey relief, debt ceiling Musical chairs for Fed nominees Trump, Schumer to pursue debt ceiling repeal -Report Around the Web Bloomberg Draghi Says Euro a Concern as ECB Targets October Decision on QE Washington Post Trump, Schumer agree to pursue plan to repeal the debt ceiling NAR - Realtor.com Hurricane Deductibles' Shift Home-Repair Costs to Consumers Bloomberg Bull Run in Bonds Means Analysts Are Running Out of Trade Ideas NAHB Eye on Housing Time to Build an Apartment Building in 2016 CNBC Fed's Mester: Don't wait for inflation to rise before hiking rates Calculated Risk Blog Update: Framing Lumber Prices Up Year-over-year Market Watch Economists back Yellen for second term at Fed and foresee December rate hike: WSJ Market Watch Senate Banking approves Quarles to be nation's top bank cop' at Fed Market Watch Popular financial ETF falls below 200-day moving average for first time in 14 months CNBC Why Hurricane Irma could hurt, a lot: Much lies in harm's way CNBC Treasury Secretary Steve Mnuchin: I'm comfortable with Democrat deal on debt ceiling and Harvey relief Reuters Hurricane Harvey boosts U.S. jobless claims to more than two-year high

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