Mortgage rates were generally unchanged today despite slight improvements in underlying bond markets. As of last Friday, the average lender was quoting rates at or near the highest levels in more than 2 months, meaning today earns the same dubious distinction. The saving grace is that in relative terms, the past 2-3 months have been historically less volatile than normal, and conventional 30yr fixed rates at 4% (or just under) are still widely available for top tier scenarios. Today was light in terms of economic data and political events to inspire movement in rates, but that could change at any moment . President Trump told reporters that he is "very very close" to selecting the next Chair of the Federal Reserve (Yellen does not seem to be in the running based on his choice of words). Markets

October 23, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Holding Recent Highs to Begin Week Mortgage rates were generally unchanged today despite slight improvements in underlying bond markets. As of last Friday, the average lender was quoting rates at or near the highest levels in more than 2 months, meaning today earns the same dubious di... (read more) Rob Chrisman New Vendor Products for Lenders; FEMA updates on Wildfires The undisputed hit of the conference so far in Denver? The MBA’s mPower event on Saturday. Yes, it eliminated "a Saturday off" for over 300 women, but the "MBA Promoting Opportunities for Women to Extend their Reach" has been heralded as a succ... (read more) MBS Commentary MBS Live Day Ahead: Bonds Try to Defend Ceilings Amid Limited Data While there are certainly some weeks with far fewer economic reports on tap, the week ahead is still on the light side when it comes to the data that has been moving markets of late.  A few of the reports (like GDP and Durable Goods, for insta... (read more) Housing News Consumers: On-Line Mortgage Info Convenient, not Trustworthy While it sometimes seems as though Americans live online, there is still apparently one area where they still value human contact. A recent survey conducted by Fannie Mae found borrowers continue to put a lot of trust in their real estate agent and t... (read more) Mortgage Rate Watch Mortgage Rates Rocked (Relatively) By Tax Plan Optimism Mortgage rates moved higher today as financial markets grew more optimistic about the potential for tax reform. Late last night, the Senate passed a resolution that included language designed to make tax reform legislation easier to pass. In a nutshe... (read more) MBS Commentary MBS Live Recap: "Totally Expected" Budget Bill Shocks Markets There's a good video in the news stream with Austan Goolsbee going on a bit of rant about how the Senate's procedural vote on a budget resolution late last night was totally expected.  Someone should have told financial markets ahead of time.&... (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 98.85 -0.08 Price / Yield Change MBS UMBS 5.5 98.86 -0.07 UMBS 6.0 100.52 -0.05 GNMA 5.5 99.49 -0.07 GNMA 6.0 100.65 -0.06 Pricing as of: 11/15 12:27AM EST 10 Year US Treasury 4.4606 +0.0218 Price / Yield Change US Treasury 2 YR Treasury 4.348 -0.002 5 YR Treasury 4.336 +0.010 7 YR Treasury 4.399 +0.012 10 YR Treasury 4.458 +0.019 30 YR Treasury 4.611 +0.028 Pricing as of: 11/15 12:27AM EST Latest Video Closing Bell Exchange: Big week of earnings Santelli Exchange: Currencies near key technical levels ahead of ECB meetin... Santelli Exchange: Currencies near key technical levels ahead of ECB meetin... Around the Web Market Watch President says he's very, very close' to naming pick for Fed chief Calculated Risk Blog Apartment Market Tightness Index remained negative for Eighth Consecutive Quarter consumerfinancemonitor.com Treasury Department Report Eviscerates CFPB Arbitration Rule Market Watch The Fed: Can a Powell-Taylor ticket at top of the Fed really work? Calculated Risk Blog FedWatch: In Defense of the conventional Wisdom Fannie Mae Fannie Mae Introduces Single Source Validation Freddie Mac New Freddie Mac Analysis Finds Widening Shortfall of Affordable Rental Units PR Newswire September National Showing Index Shows 7.3% Year-Over-Year Increase Washington Post America's affordable housing stock dropped by 60 percent from 2010 to 2016 Freddie Mac Freddie Mac October 2017 Outlook Market Watch Bond Report: Short-end Treasury yields lower as investors weigh Spanish tensions, Japan election Calculated Risk Blog Chicago Fed "Index Points to a Pickup in Economic Growth in September" Washington Post A 15-year or 30-year mortgage: What's the better loan term as you round into your retirement years?

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