Mortgage rates rose for the 5th day in a row following a higher reading in this morning's inflation data and an upbeat Retail Sales report. In general, stronger economic data and higher inflation motivate investors to move money out of the bond market. As demand for bonds falls, bond prices move lower and rates move higher. Today's increase brings mortgage rates close to their highest level in 3 weeks . You'd have to go back to January 25th to see worse. That said, "worse" is a relative term. Both then and now, a top tier scenario would result in a conventional 30yr fixed rate of 4.25%. Today's upfront costs would be just slightly lower. Only a few lenders remain at 4.125% on comparable scenarios and several have moved up to 4.375%. Loan Originator Perspective Bond markets lost further ground

February 15, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Feb 15, 2017 Mortgage Rates Approach 3-Week Highs Wed, Feb 15, 2017 4:29PM Mortgage rates rose for the 5th day in a row following a higher reading in this morning's inflation data and an upbeat Retail Sales report. In general, stronger economic data and higher inflation motivate investors to move money out of the bond market. As demand for bonds falls, bond prices move lower and rates move higher. Today's increase brings mortgage rates close to their highest level in 3 weeks . You'd have to go back to January 25th to see worse. That said, "worse" is a relative term. Both then and now, a top tier scenario would result in a conventional 30yr fixed rate of 4.25%. Today'... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.26 -0.02   97.47 101.61 UMBS 30YR 6.0 102.50 -0.04   99.66 102.50 10 YR Treasury 4.046 +0.007   3.621 4.780 MBS Live Day Ahead: Bonds Look to Defend The Line Amid Data and More Fed-Speak Wed, Feb 15, 2017 8:33AM Fed Chair Yellen takes the hot-seat at Congress for a 2nd day today, but this time in front of the always-cheerful and relentlessly intelligent folks at the House Financial Services Committee.  Not that yesterday's Senate testimony was some para... (read more) MBS Price Change UMBS 5.0 99.75 -0.03 UMBS 5.5 101.26 -0.02 UMBS 6.0 102.51 -0.03 GNMA 5.0 100.06 -0.02 GNMA 5.5 101.21 +0.02 GNMA 6.0 102.15 -0.03 Pricing as of: 9/9 12:39AM EST US Treasury Yield Change 2 YR Treasury 3.494 +0.007 5 YR Treasury 3.567 +0.006 7 YR Treasury 3.772 +0.004 10 YR Treasury 4.046 +0.006 30 YR Treasury 4.692 +0.002 Pricing as of: 9/9 12:39AM EST Other News Delinquencies Rose in Fourth Quarter, Foreclosure Stats Improve Wed, Feb 15, 2017 1:47PM Mortgage delinquencies had their first fourth quarter uptick since 2013, the Mortgage Bankers Association (MBA) said on Wednesday. Its quarterly National Delinquency Survey put the delinquency rate, loans that are at least one payment past due but not in foreclosure, at 4.80 percent of all mortgages in the last quarter of 2016. This was an increase of 28 bas... (read more) Builder Confidence Leveling-Off as Buyer Traffic Wanes Wed, Feb 15, 2017 10:36AM Builder confidence in the market for single family homes slid 2 points again in February to a score of 65 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The index had backed off two points in January as well, after reaching a decades-long high of 69 in December. Analysts had been expected an increase in the HMI th... (read more) Refinancing Share Sputters to 8-Year Low, ARMs Revive Wed, Feb 15, 2017 8:44AM Applications for both purchase and refinance mortgages declined during the week ended February 10 compared to activity a week earlier. The Mortgage Bankers Association said its Market Composite Index, a measure of applications volume, was down 3.7 percent on a seasonally adjusted basis compared to the week ended February 3 and was 1 percent lower unadjusted.... (read more) Vendor and MI News; Fannie/Freddie in the Markets; Refis Down to 2009 Levels Wed, Feb 15, 2017 9:56AM “The flat earth society has members all around the globe.” Speaking of orbs, while global wealth totals $255 trillion , the median wealth of all 4.8 billion global adults is just $2,222 ; the average is $52,819. Economist Elliot Eisenberg informs us that, “In North America, it takes $4.47 million in wealth to be in the top 1%, in Europe it ... (read more) Latest Video Trading Nation: How to invest in home builders Mortgage delinquencies among some homeowners just spiked Rosengren: Sees at least 3 rate hikes this year Around the Web Market Watch Yellen may have offered the clearest explanation for the stock market's record run freddiemac.mwnewsroom.com Freddie Mac Provides Record Support for Multifamily Mission in 2016 Reuters U.S. lawmakers grill Yellen on interest rates, regulatory policy Bloomberg Markets Learn to Live With a More Hawkish Yellen Fannie Mae Servicers, borrowers and investors all benefit as Fannie Mae simplifies servicing CNBC Delinquencies among first-time and lower-income homebuyers just spiked, spelling trouble CNBC Indsutrial output falls as warm weather curbs heating demand CNBC Retail sales rise in January, led by gas and restaurants CNBC Consumer prices post largest gain in nearly four years Market Watch Economic Report: Empire State index jumps to 18.7 in February freddiemac.mwnewsroom.com Freddie Mac Prices Second STACR Deal of 2017 CNBC Why inequality in America is worse than it is in China Market Watch Yellen signals reduction of Fed balance sheet is still far off

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