Mortgage rates surged higher today, with most lenders ending up back in line with the 4-year highs seen on Friday afternoon. At issue--among other things--is the fact that the stock market has been unwilling to continue offering up a fresh supply of drama. Earlier in the week, that drama helped rates bounce lower in a way that bordered on optimistic. Even so, it didn't make much sense to get too hopeful, which is why we noted that any tactical opportunities to float one's rate had passed as of yesterday. There was actually some room for hope earlier this morning, but it didn't last long. Without ongoing stock losses, bonds (which dictate rates) just aren't interested in going against the prevailing momentum yet. A somewhat poorly-received Treasury auction in the afternoon kicked the weakness

February 7, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.00%   6.11% 7.26% 15 Yr. Fixed 5.70% +0.01%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Feb 7, 2018 Mortgage Rates Jump Back Up to 4-Year Highs Wed, Feb 7, 2018 3:40PM Mortgage rates surged higher today, with most lenders ending up back in line with the 4-year highs seen on Friday afternoon. At issue--among other things--is the fact that the stock market has been unwilling to continue offering up a fresh supply of drama. Earlier in the week, that drama helped rates bounce lower in a way that bordered on optimistic. Even so, it didn't make much sense to get too hopeful, which is why we noted that any tactical opportunities to float one's rate had passed as of yesterday. There was actually some room for hope earlier this morning, but it didn't last long. Witho... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% 0.00 0.00 15 Yr. Fixed 5.70% +0.01 0.00 30 Yr. FHA 5.99% +0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% -0.03 0.00 30 Yr. VA 6.01% +0.01 0.00 Updates Daily - Last Update: 9/10 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 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.32 +0.11   97.47 101.61 UMBS 30YR 6.0 102.42 -0.02   99.66 102.50 10 YR Treasury 4.000 -0.049   3.621 4.780 MBS Live Recap: Bond Rout Resumes; Duck and Cover Wed, Feb 7, 2018 4:34PM In the past or under different circumstances, a day like yesterday might not have been enough for me to write a headline like "nice while it lasted."  But if you watched yesterday's video and read the analysis, you saw the chart showing the percent change comparison between stocks and bond PRICES (can't look at percent change on a yield).  That--al... (read more) MBS Live Day Ahead: Dark Horse Bond Rally Still In The Race? Wed, Feb 7, 2018 9:05AM In a world where race horses are named after bond market movements, there has been some easy betting in the past two months.  The winners circle has been almost certain to include such names as Blown Lock, Rate Spike, Forced Liquidation, ... (read more) MBS Price Change UMBS 5.0 99.68 +0.02 UMBS 5.5 101.20 -0.01 UMBS 6.0 102.28 -0.16 GNMA 5.0 100.00 +0.11 GNMA 5.5 101.21 +0.15 GNMA 6.0 102.10 +0.10 Pricing as of: 9/11 9:52AM EST US Treasury Yield Change 2 YR Treasury 3.512 -0.029 5 YR Treasury 3.569 -0.027 7 YR Treasury 3.760 -0.028 10 YR Treasury 4.027 -0.022 30 YR Treasury 4.684 -0.013 Pricing as of: 9/11 9:52AM EST Other News Consumers are Stoked About Housing Market Wed, Feb 7, 2018 12:02PM Five of the six components that make up Fannie Mae's Home Purchase Sentiment Index (HPSI) rose in January, pushing the index to an all-time high . HPSI, a quantification of some of the data collected through Fannie's National Housing Survey, was 89.5, up 3.7 points from the December reading. The index is also 6.8 percentage points higher than in January 2017... (read more) Mortgage Apps Managed to Improve Despite Rate Spike Wed, Feb 7, 2018 8:36AM Mortgage activity increased slightly during the week ended February 1. The Mortgage Bankers Association (MBA) says its Market Composite index, a measure of application volume, rose a modest 0.7 percent on a seasonally adjusted basis, and was up 4.0 percent unadjusted. Activity has been strong since the first of the year; the index has posted three weekly gai... (read more) Fannie and Freddie Guidelines, ULDD and Process Changes Wed, Feb 7, 2018 9:10AM Amazon Go opened its doors in Seattle as the first digital grocery store without any cashiers. (One initially simply downloads an app to use the digital shopping cart and check-out without waiting in line. Your shopping bag automatically identifies and adds up everything you gather, so you can just walk in and out and everything is simply charged to your cre... 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