Mortgage rates fell for the third straight day today. Each day has seen moderate improvement. Taken together, they add up to a strong move lower from last week's levels (which were roughly in the lower-middle of the post-election range). The result is that some lenders are at or near their lowest rates in nearly 3 MONTHS (yesterday it was 3 WEEKS). The average lender has only had 3 days during that time where rates were any better. There are plenty of opinions about what's behind this week's falling rates ranging from politics to last week's jobs report causing a shift in Fed rate hike expectations. All that matters is that investors have shifted to a more risk-averse stance resulting in better demand for less risky assets like bonds. Higher demand for bonds means lower rates. 4.125% remains

February 9, 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 9, 2017 Mortgage Rates Doing Very Well This Week Wed, Feb 8, 2017 4:47PM Mortgage rates fell for the third straight day today. Each day has seen moderate improvement. Taken together, they add up to a strong move lower from last week's levels (which were roughly in the lower-middle of the post-election range). The result is that some lenders are at or near their lowest rates in nearly 3 MONTHS (yesterday it was 3 WEEKS). The average lender has only had 3 days during that time where rates were any better. There are plenty of opinions about what's behind this week's falling rates ranging from politics to last week's jobs report causing a shift in Fed rate hike expecta... (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 5.5 101.22 -0.06   97.47 101.61 UMBS 30YR 6.0 102.47 -0.07   99.66 102.50 10 YR Treasury 4.065 +0.026   3.621 4.780 MBS Live Day Ahead: After Strong 3 Days, Resistance Mounts Thu, Feb 9, 2017 8:39AM To everything, there is a season. The sun also rises. Nothing lasts forever. Regardless of the words used to describe the phenomenon, there is undeniably a natural shift of energy that CAN take place when something has been happening in a ce... (read more) MBS Live Recap: Bonds End Strong Despite Post-Auction Weakness Wed, Feb 8, 2017 5:37PM Bonds made it 3 days in a row today--rallying to the best levels since mid-January.  In fact, apart from Jan 17th, today's closing yields were the lowest since late November! Why is all this happening?  That's a great question, judging by the various explanations being thrown around among market participants and in financial media.  Most... (read more) MBS Price Change UMBS 5.0 99.70 -0.08 UMBS 5.5 101.24 -0.04 UMBS 6.0 102.48 -0.06 GNMA 5.0 100.02 -0.05 GNMA 5.5 101.19 +0.00 GNMA 6.0 102.13 -0.05 Pricing as of: 9/9 7:02AM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.011 5 YR Treasury 3.576 +0.014 7 YR Treasury 3.784 +0.016 10 YR Treasury 4.061 +0.022 30 YR Treasury 4.719 +0.029 Pricing as of: 9/9 7:02AM EST Other News Strong Q4 Fuels More Price Peaks -NAR Thu, Feb 9, 2017 1:14PM Prices in more than half of major metropolitan markets with available data are now at or above their previous price peaks after what the National Association of Realtors® (NAR) calls the best quarterly sales pace of the year. Existing home sales in the fourth quarter of 2016 brought housing inventories to record lows and helped to push single family pric... (read more) Home Purchase Sentiment Brightened in New Year Wed, Feb 8, 2017 12:20PM Fannie Mae's Home Purchase Sentiment Index (HPSI) reversed a five-month long decline in January, posting a 2-percentage point increase . The Index, which summarizes consumer responses to six questions from Fannie Mae's monthly National Housing Survey, was at 82.7 following the January gain, 1.2 percentage points higher than in the January 2016. Four of the s... (read more) Lender's Disaster Updates; Servicing Deals; Bank M&A Thu, Feb 9, 2017 10:18AM “Sometimes I wake up grumpy; other times I let him sleep.” Kids in NY are sleeping in since the schools are closed today. But if you worked for Deutsche Bank on the mortgage side you may not be sleeping well: the DOJ is probing people who worked in DB's mortgage unit." No one likes being probed. Shifts in minimum wage may be causing people to los... (read more) Latest Video More pain for bonds New legislation will target CFPB, bank rules: Memo Initial jobless claims drop 12K to 234,000 Around the Web CNBC Three Fed rate hikes reasonable for 2017, Evans says NAR - Realtor.com Attention First-Time Buyers: Here's the Key Stuff You Don't Know About Mortgages Market Watch Fed's Evans: Inflation has to hit 2% for central bank to maintain credibility Reuters Fed's Bullard says rates can remain low through 2017 freddiemac.mwnewsroom.com Mortgage Rates in Holding Pattern CFPB Monitor CFPB January 2017 complaint report highlights mortgage complaints Market Watch Capitol Report: It's premature to worry about a currency war, IMF says CNBC More unmarried couples say 'I do' to a mortgage Reuters U.S. jobless claims drop to near 43-year low CNBC Trader Talk: 5 reasons for the mini-rally in bonds National Housing Conference Housing advocacy needs a coordinated approach Market Watch Record $2 trillion of U.S. corporate debt comes due in the next 5 years Calculated Risk Blog Update: Framing Lumber Prices Up Year-over-year

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