Mortgage rates began the day fairly well in line with the past 2 days. While it's nice to see some stability in this environment, it's not so nice that it's occurring at 4-year highs. Do we have a shot at moving much lower or should you brace for more? What warning signs should you look for to help answer that question? Much has been made in the news recently about the correlation between stocks and bonds (which dictate rates). Depending on the day, stocks are said to be falling because rates are too high or rates are said to be rising because stocks are rising. In reality, rates are largely doing their own thing, and that thing just happens to correlate with movement in stocks in general. Last week's stock crash was a different story as it did actually help interest rates catch their collective

February 13, 2018 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 13, 2018 Mortgage Rates Ready to Move After Tomorrow's Inflation Data Tue, Feb 13, 2018 3:55PM Mortgage rates began the day fairly well in line with the past 2 days. While it's nice to see some stability in this environment, it's not so nice that it's occurring at 4-year highs. Do we have a shot at moving much lower or should you brace for more? What warning signs should you look for to help answer that question? Much has been made in the news recently about the correlation between stocks and bonds (which dictate rates). Depending on the day, stocks are said to be falling because rates are too high or rates are said to be rising because stocks are rising. In reality, rates are largely d... (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: Short-Term Rates Are Responsible For Recent Pain; Is It Over Yet? Tue, Feb 13, 2018 10:26AM A certain reality of the recent rate spike needs to be revisited based on conversations I've had with a few clients.  Thankfully, it's pretty simple: short term rates have been pushing all rates higher.   In general, short-term rate... (read more) MBS Live Recap: Bonds Win Without Help From Stocks, But There's a Catch Tue, Feb 13, 2018 4:29PM Today was "nice" in the highly charged sense of the word where it's meant to convey a certain acceptability and a certain absence of excellence .  Bonds didn't weaken in any disconcerting way.  They even managed to make some gains--both at the open and heading into the last hour of the day--all without any help from the stock market during domes... (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 Home Price Increases Since 2011 More Than Triple Income Gains Tue, Feb 13, 2018 11:42AM While home price increases softened slightly in the fourth quarter of last year, the National Association of Realtors® (NAR) said, an uptick in existing home sales further exhausted available inventories. NAR's quarterly metropolitan area housing report puts the national median existing single-family home price at $247,800 at the end of 2017, up 5.3 perc... (read more) Storm Stricken States Now Showing Serious Delinquencies Tue, Feb 13, 2018 9:53AM Last fall's hurricanes again dominate the CoreLogic November Loan Performance Insights Report, although the nature of the storms' influence has changed . The company says that the U.S. mortgage delinquency rate was down 0.1 percent from the previous November, as fewer loans transitioned from current to an early non-current stage, but serious delinquencies sp... (read more) Mr. Cooper Has a New Foster Parent; Why LO's Should Care About the Budget Tue, Feb 13, 2018 9:13AM Every lender has seen rates move higher, and nearly every lender has seen the inventory of homes for sale decline. With rates moving higher, which should not be a big surprise to anyone, the press has latched on to the question of the impact of 5% mortgages on the industry . With the economy doing well, and unemployment very low, we’ll have more borrow... (read more) Latest Video Concerns growing over rising rates and volatility, says expert Strategist: Rates will continue to grind higher. Here's why Don't make too much about rates, says strategist Around the Web Reuters Market volatility, budget deficits pose test for Fed's Powell Calculated Risk Blog NY Fed Q4 Report: "Household Debt Increased, Fifth Consecutive Year Of Positive Annual Growth" Calculated Risk Blog Demographics and GDP: 2% is the new 4% CNBC Here's where Credit Suisse sees the risk of a bear market for bonds Calculated Risk Blog Goldman: "The 2018 Inflation Rebound" NAHB Eye on Housing Most Buyers Actively Trying to Get a Home Have Been Searching for 3 Months+ CNBC Powell says Fed will be vigilant for financial stability risks Bloomberg Volatile Markets Make Tomorrow's CPI Report a Reason to Worry Federal Reserve Powell, Remarks at the Ceremonial Swearing-in CNBC Stock market's rout is not impacting the US economic outlook: Cleveland Fed's Mester CoreLogic Early-Stage Mortgage Delinquencies Dip Again in November as Hurricanes' Impact Wanes builderonline.com Refinancing A Mortgage? You Can Now Count Airbnb Income CNBC Investors cut bond market allocation to 20-year low amid fears of a 'crash'

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