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: Mortgage Rate Watch Mortgage Rates Jump Back Up to 4-Year Highs 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 ... (read more) Housing News Consumers are Stoked About Housing Market 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... (read more) Rob Chrisman Fannie and Freddie Guidelines, ULDD and Process Changes 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 a... (read more) MBS Commentary MBS Live Recap: Bond Rout Resumes; Duck and Cover 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 perc... (read more) MBS Commentary MBS Live Day Ahead: Dark Horse Bond Rally Still In The Race? 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) Housing News Mortgage Apps Managed to Improve Despite Rate Spike 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 p... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.82% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.82% -0.01 0.00 15 Yr. Fixed 6.07% -0.01 0.00 30 Yr. FHA 6.40% -0.01 0.00 30 Yr. Jumbo 6.92% -0.01 0.00 7/6 SOFR ARM 6.31% -0.01 0.00 30 Yr. VA 6.42% 0.00 0.00 Updates Daily - Last Update: 7/17 15 Yr. Fixed Rate 6.07% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries UMBS 30YR 5.5 99.08 +0.02 Price / Yield Change MBS UMBS 5.5 99.10 +0.04 UMBS 6.0 101.10 +0.04 GNMA 5.5 99.44 -0.02 GNMA 6.0 101.12 -0.04 Pricing as of: 7/17 5:20PM EST 10 Year US Treasury 4.4563 -0.0030 Price / Yield Change US Treasury 2 YR Treasury 3.909 +0.020 5 YR Treasury 3.994 -0.002 7 YR Treasury 4.212 -0.002 10 YR Treasury 4.455 -0.005 30 YR Treasury 5.009 -0.005 Pricing as of: 7/17 5:20PM EST Latest Video Santelli Exchange: Volatility and risk parity Senate leaders reach funding deal as shutdown looms Evans: Fed should keep policy on hold until mid-year Around the Web CNBC New Fed Chairman Powell could have a few surprises in store for the market consumerfinancemonitor.com Mnuchin to discuss Equifax data breach with FSOC Calculated Risk Blog Leading Index for Commercial Real Estate "Falls" in January Reuters Wall Street inches higher as volatility eases CNBC US Treasury auctions 10-year Treasury notes at highest yield since January 2014 NY Times The Stock Market Is Worried About Inflation. Should It Be? CNBC Credit Suisse defends controversial financial product at the center of the market turmoil NAR - Realtor.com Will Stock Market Volatility Affect House Prices? NPR Senators Reach Two-Year Budget Deal Calculated Risk Blog Employment: January Diffusion Indexes Reuters Fed's Evans says no rate hikes needed before mid-2018 NAHB Eye on Housing Tiny Homes Might Have Potential Buyers Calculated Risk Blog Las Vegas Real Estate in January: Sales Up 5% YoY, Inventory down 35%

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