Mortgage rates managed to hold steady today, on average (some lenders were slightly better while others were slightly worse) despite a more upbeat economic assessment from The Federal Reserve. The Fed releases a statement on monetary policy 8 times a year. These statements let markets know what the Fed is thinking and how it is planning on approaching policy in the future. They also serve as venues to announce changes in the Fed's policy rate, the "Fed Funds Rate," which has a bearing on almost all other rates (including mortgages). The Fed wasn't expected to hike rates with today's statement, and this wasn't one of the 4 meetings a year where they release updated forecasts. That meant markets were left to glean any actionable info from the verbiage of the statement. Despite some anxiety in

January 31, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Hold Steady Despite Upbeat Fed Mortgage rates managed to hold steady today, on average (some lenders were slightly better while others were slightly worse) despite a more upbeat economic assessment from The Federal Reserve. The Fed releases a statement on monetary policy 8 times a... (read more) MBS Commentary MBS Live Recap: Fed, SOTU Pass Without a Trace Stay skeptical about easy answers in financial news!  Here's a tremendous example.   Much has been made of the stock market being on the edge of a massive correction based on rising interest rates.  That's not necessarily a bad idea, ... (read more) Housing News Robots Coming for Your Job? Why Automated Underwriting is Good Loan applications are increasingly submitted and approved via a cell phone and Fannie Mae, and Freddie Mac constantly refer in press releases to their respective automated systems. Therefore, it is startling to learn that, on the front lines of lendi... (read more) Housing News Although Pending Sales Up, NAR Warns of Tax Law Implications Pending home sales finished off the year in a more upbeat tune. Although the December gain in sales, reported on Wednesday by the National Association of Realtors® (NAR) was a slim one, it made three consecutive monthly gains for the leading indi... (read more) Rob Chrisman Upcoming Events; DOJ and Eagle Home; Compliance "Fun" With CRM's “Rob, are you hearing an issue regarding ‘individual CRMs?’ Where LOs are purchasing their own CRMs, which move with them to various companies, and then the compliance personnel at each company can’t effectively monitor the ac... (read more) MBS Commentary MBS Live Commentary: Differences Between Previous and Current FOMC Statements Information received since the Federal Open Market Committee met in November December indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Averaging through hurricane-related fluc... (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 98.86 -0.07 Price / Yield Change MBS UMBS 5.5 98.83 -0.10 UMBS 6.0 100.48 -0.08 GNMA 5.5 99.46 -0.11 GNMA 6.0 100.62 -0.09 Pricing as of: 11/14 9:38PM EST 10 Year US Treasury 4.4473 +0.0085 Price / Yield Change US Treasury 2 YR Treasury 4.361 +0.011 5 YR Treasury 4.345 +0.019 7 YR Treasury 4.406 +0.019 10 YR Treasury 4.460 +0.021 30 YR Treasury 4.605 +0.022 Pricing as of: 11/14 9:38PM EST Latest Video Fed: Monetary policy remains accommodative Former Wells Fargo CEO: Interest rates have been manipulated by the Fed for... Fed leaves rates unchanged Around the Web CNBC Traders are still expecting two to three rate hikes this year after Fed statement CNBC Consumer protection bureau structure upheld in blow to Trump's deregulation efforts Bloomberg Homebuilders Just Had Their Nastiest Seven-Day Run in Two Years CNBC Fed leaves rates unchanged but gives more aggressive inflation expectations Federal Reserve Federal Open Market Committee reaffirms its "Statement on Longer-Run Goals and Monetary Policy Strategy" Federal Reserve Federal Reserve issues FOMC statement Reuters D.R. Horton's affordable homes unit to get boost from first-time buyers CNBC Fidelity's Jurrien Timmer: The risk to this bull market is an aggressive Fed CNBC How financial markets performed during the Yellen Fed years CNBC Expect to see commodities rise because the dollar will keep falling, analysts say CNBC Consumer protection bureau structure upheld in blow to Trump's deregulation efforts Calculated Risk Blog ADP: Private Employment increased 234,000 in January CNBC Fed expected to leave rates unchanged, may sound hawkish after Yellen's final meeting

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