Mortgage rates haven't necessarily moved higher every day recently. For instance, yesterday's rates were unchanged versus last Friday's. But the general trend has unquestionably been toward higher rates . In fact, rates have only moved lower on 3 out of the past 15 business days. While that sort of losing streak sounds fairly unpleasant, the size of the movement has been far from threatening. Over that same 15 business day time frame, the average effective rate has only moved up 0.11% . Translated to actual "note rates" (the rate applied to your loan balance, without adjusting for upfront finance charges), we're talking about top tier borrowers moving up from 4.0% to 4.125% on average. Some of the more aggressive lenders continue to quote 4.0% while a few of the less aggressive lenders have

May 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 May 9, 2017 Mortgage Rates Continue Slow Trend Higher Tue, May 9, 2017 2:29PM Mortgage rates haven't necessarily moved higher every day recently. For instance, yesterday's rates were unchanged versus last Friday's. But the general trend has unquestionably been toward higher rates . In fact, rates have only moved lower on 3 out of the past 15 business days. While that sort of losing streak sounds fairly unpleasant, the size of the movement has been far from threatening. Over that same 15 business day time frame, the average effective rate has only moved up 0.11% . Translated to actual "note rates" (the rate applied to your loan balance, without adjusting for upfront fina... (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 5.5 101.28 +0.16   97.47 101.61 UMBS 30YR 6.0 102.54 +0.05   99.66 102.54 10 YR Treasury 4.039 -0.047   3.621 4.780 MBS Price Change UMBS 5.0 99.78 +0.31 UMBS 5.5 101.28 +0.16 UMBS 6.0 102.54 +0.05 GNMA 5.0 100.07 +0.24 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.18 +0.05 Pricing as of: 9/8 6:20PM EST US Treasury Yield Change 2 YR Treasury 3.487 -0.030 5 YR Treasury 3.562 -0.027 7 YR Treasury 3.768 -0.032 10 YR Treasury 4.039 -0.047 30 YR Treasury 4.690 -0.079 Pricing as of: 9/8 6:20PM EST Other News More Current Loans Entered Early Delinquency Status in February Tue, May 9, 2017 2:51PM CoreLogic's monthly Loan Performance Report for February shows the national mortgage delinquency rate, loans that were 30 or more days past due, declined to 5.0 percent, down a half-point from a year earlier. Mortgages that are 30 to 59 days past due were up slightly during the month when compared to the previous February, 2.14 percent of all mortgages versu... (read more) House Lawyer Says Nothing Abnormal About Confidentiality Requests Tue, May 9, 2017 2:56PM Earlier this week we reported that BuzzFeed reporter Mary Ann Georgantopoulos had released a copy of an April letter sent by House Financial Services Chairman Jeb Hensarling (R-TX) to the Department of the Treasury asserting control over all correspondence between FSC and Treasury as "congressional records" and claiming their exemption from Freedom of Inform... (read more) Housing Sentiment Springs Back from March Loss Tue, May 9, 2017 10:28AM After moving along a nearly flat track for several years, consumer sentiment regarding whether "now" is a good time to buy a home started to rise and fall like the tides in late 2016. April saw increasing positives sentiment; the net share of those saying it was a good time gain 5 percentage points to 35 percent after rising and then falling by ten points in... (read more) Gallup Poll Shows High Hopes For Homeownership Tue, May 9, 2017 10:22AM While the historically low homeownership rate as reported by the Census Bureau has improved only marginally over the last year, a recent survey by Gallup indicates that it may be on the edge of change . Forty-nine percent of non-homeowners contacted by the polling company in March indicated they expect to buy a home within the next five years, with 10 percen... (read more) CFPB Seeks Input on Assessment of Mortgage Servicing Rule Tue, May 9, 2017 10:12AM The Consumer Financial Protection Bureau is revisiting its 2013 RESPA Mortgage Servicing Rule. The rule, after several amendments, took effect on January 10, 2014, giving borrowers new consumer protections related to mortgage loan servicing , many of which were aimed at helping consumers who were having trouble making their mortgage payments. The Dodd-Frank ... 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