The share of purchase loans originated in March climbed to 63 percent of all originations from 57 percent in February. Ellie Mae's Origination Insight Report for the month noted that this was the highest share for purchase mortgages since July 2016 when they made up 65 percent of the total. The average time to close all loans decreased to 43 days in March, down from 46 days in February, the shortest time to close since February of 2015. Similarly, the time to close a refinance dropped to 43 days from 47 days and the timeline for a purchase mortgage was 43 days, down from 45 days in February. All types of loans had shorter timelines. Closing or pull-through rates were lower for all loan types except FHA refinances. The rate for all loans fell from 70.6 percent in February to 67.9 percent. The

April 21, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.20% -0.02%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Apr 21, 2017 Mortgage Rates End Week Roughly Unchanged Fri, Apr 21, 2017 4:28PM Mortgage rates were sideways to slightly higher this week as global financial markets braced for volatility surrounding this weekend's French election. While it may seem like a world away from the domestic mortgage market, events that potentially impact the stability of the European Union have a strong track record of filtering through to movement in domestic bond markets. And bond markets are the primary driver of day-to-day movement in mortgage rates. In addition to preparations for the weekend's events, traders also reacted to today's headlines concerning tax reform . Just before 2pm, the A... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.20% -0.02 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.64 -0.08   95.05 99.96 UMBS 30YR 5.5 101.07 -0.02   97.47 101.28 10 YR Treasury 4.041 +0.011   3.932 4.780 MBS Live Day Ahead: Dearth of Data as Bonds Wait For Weekend Events Fri, Apr 21, 2017 9:11AM It remains to be seen whether all the hype is justified, but for whatever reason, markets are transfixed by this weekend's French election.  Several recent polls indicate that Marine Le Pen has no chance while several other polls suggest it's ... (read more) MBS Live Recap: More Focus on Europe. More Weakness For Bonds Thu, Apr 20, 2017 5:30PM Europe has been the driving force for US bond markets over the past 2 days.  Perhaps this will continue to be the case or perhaps it's simply due to US bond markets reaching an important technical level and hopping on to the nearest bandwagon of trading inspiration.   To be sure, France is not the US when it comes to the country's impact on the... (read more) MBS Price Change UMBS 4.5 97.75 -0.01 UMBS 5.0 99.65 -0.08 UMBS 5.5 101.08 -0.01 GNMA 4.5 97.72 -0.02 GNMA 5.0 99.84 -0.09 GNMA 5.5 100.88 -0.05 Pricing as of: 10/16 10:19AM EST US Treasury Yield Change 2 YR Treasury 3.499 -0.001 5 YR Treasury 3.619 -0.001 7 YR Treasury 3.805 +0.001 10 YR Treasury 4.032 +0.003 30 YR Treasury 4.626 -0.001 Pricing as of: 10/16 10:19AM EST Other News Lenders Speed Up Loan Processing -Ellie Mae Fri, Apr 21, 2017 10:32AM The share of purchase loans originated in March climbed to 63 percent of all originations from 57 percent in February. Ellie Mae's Origination Insight Report for the month noted that this was the highest share for purchase mortgages since July 2016 when they made up 65 percent of the total. The average time to close all loans decreased to 43 days in March, d... (read more) Existing Home Sales Highest Since 2007 Fri, Apr 21, 2017 10:30AM Sales of existing homes surged in March to a seasonally adjusted annual rate of 5.71 million, rising 4.4 percent from an unexpected decline in February, and reaching the highest level in nearly ten years. The National Association of Realtors said the gains were shared by both single-family and condo sales. Tight inventories meant shortened marketing times. T... (read more) Servicing News; Fannie/Freddie News; Another Blow for Ocwen Fri, Apr 21, 2017 9:28AM The origins of job interviews? Here you go . And speaking of employment, yesterday the commentary mentioned companies coming and going. Here in Florida, thank you to Genworth's Karen M. for passing along Sir Richard Branson's well-written tribute to his Virgin America brand which is being eliminated in its merger with Alaska Airlines. Servicing news & tr... (read more) Latest Video Fed's Fischer: Important not to forget the financial crisis IIF CEO: We're not calling for Dodd-Frank repeal, just tweaked Could economic data be in danger? Around the Web CNBC Government shutdown would create mortgage roadblocks CNBC Trump says he will release tax reform package next week, says it will be bigger than 'any tax cut ever' Calculated Risk Blog A Few Comments on March Existing Home Sales consumerfinancemonitor.com CFPB proposes revisions to HMDA final rule CNBC Fed's Fischer: Still anticipate 3 rate hikes this year, though 'we're not tied to' that Bloomberg Analyst Who Predicted Trump's Ascendancy Bets on Le Pen Win Calculated Risk Blog Black Knight: Mortgage Delinquencies Declined in March to 11 Year Low Market Watch This is what homeowners did with their savings on variable mortgage rates CNBC Cincinnati sues seller of foreclosed homes, claiming predatory acts consumerfinancemonitor.com House to hold hearing on revised Financial CHOICE Act CNBC Treasury's Mnuchin: We're 'pretty close' to bringing forward 'major tax reform' NAR - Realtor.com Why the Exurbs Are Poised to Take Off in the Coming Years CNBC How to use this new formula to boost your credit score

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