Volatility has returned to the mortgage market in grand fashion this week with many lenders quoting rates that are as much as a quarter of a point higher than they were last week. That means if you were looking at something in the 2.75% neighborhood on Friday, it could be 3.0% today. What gives? The upward pressure is nothing new , really. It has existed in the broader bond market since August, but only recently began spilling over to the mortgage market. We've been discussing the increased risks of such a spillover in the event of a sharper bond market move and yesterday brought just such a move. Today was much more docile by comparison, but it didn't do anything heroic to push back against yesterday's weakness. Still, there could be some promise of stability in the fact that the bond market

February 17, 2021 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Yes, Mortgage Rates are MUCH Higher This Week Volatility has returned to the mortgage market in grand fashion this week with many lenders quoting rates that are as much as a quarter of a point higher than they were last week. That means if you were looking at something in the 2.75% neighborhood ... (read more) Housing News Mortgage Volumes Resume Downward Trend as Rates Rise The volume of mortgage applications declined again last week, the fourth loss out of the six full weeks since the year began . The Mortgage Bankers Association (MBA says that its Market Composite Index, a measure of application volume, has lost an ag... (read more) MBS Commentary MBS Live Recap: Looking For Silver Linings Despite Falling Sky Looking For Silver Linings Despite Falling Sky After a huge day of snowball selling yesterday, bonds started out in weaker territory today.  Hugely strong Retail Sales data and sharply higher inflation t... (read more) Housing News Buyer Demand Shores Up Builder Confidence After dropping from record high levels by a total of 7 points over the last two months, the index that measures home builder confidence has stabilized. The Housing Market Index (HMI), produced by the National Association of Home Builders (NAHB) and W... (read more) Rob Chrisman Ops, MLO, Management Jobs; Broker, Non-QM, Communication Tools; AmeriHome/Western Alliance Deal Numbers Time flies. President Biden extended FHA & VA mortgage relief and the ban on home foreclosures through June . Did you know that, at 46, Leonardo DiCaprio is now the same age as Steve Martin was when Steve made “Father of the Bride?” (... (read more) Housing News Forbearance Relief Extended Through June The White House announced on Tuesday that the various COVID-19 relief programs available through The Department of Housing and Urban Development, Veterans Administration, and the Department of Agriculture will be extended. The forbearance program, wh... (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 99.14 +0.02 Price / Yield Change MBS UMBS 5.5 99.13 +0.00 UMBS 6.0 101.15 +0.03 GNMA 5.5 99.43 +0.02 GNMA 6.0 101.13 +0.03 Pricing as of: 7/17 9:43PM EST 10 Year US Treasury 4.4410 -0.0123 Price / Yield Change US Treasury 2 YR Treasury 3.893 -0.011 5 YR Treasury 3.984 -0.007 7 YR Treasury 4.203 -0.008 10 YR Treasury 4.445 -0.009 30 YR Treasury 4.997 -0.011 Pricing as of: 7/17 9:43PM EST Latest Video Fed minutes highlight intention to keep rates low: Stifel chief economist Treasury yields rise, adding to fears of potential inflation Homebuilder sentiment rises despite surging lumber prices Industrial production rose 0.9% in January vs 0.5% increase expected Around the Web Reuters Share of U.S. workers holding multiple jobs is rising, new Census report shows CNBC Fed officials see economy 'far from' where it needs to be, meaning easy policy won't change soon, minutes show Reuters Nasdaq falls as big tech slides; Fed minutes in focus CNBC Wells Fargo shares jump after Fed reportedly approves bank's overhaul plan Calculated Risk Blog Industrial Production Increased 0.9 Percent in January Calculated Risk Blog The Housing Bubble and Mortgage Debt as Percent of GDP CNBC Retail sales surge 5.3% in January vs. 1.2% estimate CNBC Retail sales expected to be strong in January, helped by stimulus checks CNBC European markets edge lower as investors monitor rising U.S. Treasury yields Federal Reserve Fed Releases Minutes From Most Recent Policy Meeting Reuters Stimulus hopes drive Dow to closing peak but interest rate worries loom Reuters Recovery rally drives Dow to new peak Reuters Printed in days, a house: New York firm takes 3D printing to the next level

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