Mortgage rates held on to yesterday's gains in most cases. Some lenders were even in slightly better shape today, but not enough to have an effect on anything beyond the upfront costs associated with any given rate quote. Rates themselves would be right in line with yesterday's. That's not a bad thing considering yesterday afternoon brought effective rates near their lowest levels of the month. In this case, lower "effective rates" refer to lower upfront closing costs (or higher lender credits) for the prevailing top tier conventional 30yr fixed rates of 4.0%. Bond markets (which underlie interest rate movement) continued to pay more attention to policy developments than the economic data that traditionally has an impact. In today's case, it was news that a few Republican senators may not vote

December 14, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Hold On to Lower Levels After Tax Bill Doubts Mortgage rates held on to yesterday's gains in most cases. Some lenders were even in slightly better shape today, but not enough to have an effect on anything beyond the upfront costs associated with any given rate quote. Rates themselves would be ri... (read more) Housing News Automated Appraisals Don't Paint the Whole Picture The use of Automated Valuation Models (AVM) is expected to expand following the announced plans of the Fannie Mae and Freddie Mac to waive the requirement for a professional appraisal on qualified purchase loans where the loan-to-value (LTV) ratio is... (read more) Housing News Downpayments at Record Highs as Home Prices Rise Homebuyers ponied up the highest downpayments on record to purchase homes in the third quarter of 2017. ATTOM Data Solutions' (formerly RealtyTrac) Residential Property Loan Origination Report says that the median down payment for a single-family hom... (read more) Rob Chrisman Tax News; State-Level Changes; Jumbo/Non-Conforming Updates; Dot Plot Primer There’s a lot of airport travel coming up. It is best to stay cool, calm, and collected . Unfortunately, something else that is cool, and calm, is the entry level market for homes. Thousands of housing stats are spit out every year, and here's ... (read more) MBS Commentary MBS Live Day Ahead: Big Directional Moves All About Keeping Things SIdeways Volume swelled during the first 3 days of the week, culminating in yesterday's CPI/Fed combo and a fairly large move lower in rates.  That's what we can observe about the short -term.   If we're looking at longer -term trends, how... (read more) MBS Commentary MBS Live Recap: Stocks Lose, Rates Recover on Tax Bill Fears Bonds began the day in weaker territory partly due to a correction from yesterday's strong run in the afternoon, and partly due to stronger economic data in Europe.  Domestic economic data was stronger too, with Retail Sales coming in at 0.8 v... (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 99.13 +0.13 Price / Yield Change MBS UMBS 5.5 99.14 +0.14 UMBS 6.0 100.73 +0.11 GNMA 5.5 99.72 +0.05 GNMA 6.0 100.88 +0.06 Pricing as of: 11/14 12:30PM EST 10 Year US Treasury 4.4147 -0.0493 Price / Yield Change US Treasury 2 YR Treasury 4.259 -0.015 5 YR Treasury 4.272 -0.028 7 YR Treasury 4.343 -0.029 10 YR Treasury 4.407 -0.057 30 YR Treasury 4.574 -0.060 Pricing as of: 11/14 12:30PM EST Latest Video Sen. Marco Rubio against tax bill unless tax credits expanded Fourth-quarter GDP tracking at 2.6% GOP looking to vote on tax bill next week Around the Web Reuters Wall Street falls as investors fret about tax bill passage Bloomberg It's Trump's Fed Now Reuters U.S. regulators ditch net neutrality rules as legal battles loom CNBC Marco Rubio is reportedly a 'no' on current GOP tax plan; Mike Lee is undecided Gallup Americans' Satisfaction With U.S. Same in 2017 as in 2016 Brookings Institution A goal realized: Network lobbyists' sweeping capture of their regulator Reuters Federal Communications Commission repeals net neutrality rules CNBC The new renters are older and wealthier Calculated Risk Blog Hotel Occupancy Rate Increased Year-over-Year, 2017 will be Record Occupancy Year Bloomberg Falling Prices and New Mortgage Rules Boost Canadian Home Sales NAHB Eye on Housing Construction Trades: A Step on the Path Toward Higher Paying Jobs Freddie Mac Little Change for Mortgage Rates Calculated Risk Blog Retail Sales increased 0.8% in November

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