Mortgage rates moved higher today in most cases, but not by much. More interesting is the fact that rates held their ground as well as they did considering several strong economic reports this morning. Strong economic data typically leads investors to sell bonds, which in turn results in lower bond prices and higher rates. This morning's dynamic was quite different . While the stronger economic data was briefly acknowledged with some temporary weakness in bonds, the broader trend remained favorable. Bonds actually improved a bit heading into the afternoon. If today's rate sheets were based solely on this morning's market movement, rates would be slightly lower compared to yesterday. But lenders still had to account for some of yesterday's late day bond market weakness. Today's modestly higher

February 28, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Modestly Higher Ahead of Trump Speech Mortgage rates moved higher today in most cases, but not by much. More interesting is the fact that rates held their ground as well as they did considering several strong economic reports this morning. Strong economic data typically leads investors t... (read more) Housing News Cash, Distressed Sales Closing in on "Normal" The end is near. CoreLogic said today that the market share of home sales accounted for by distressed properties may return to normal levels by the end of this year. This is about a half year earlier than the company had been predicting as recently a... (read more) Housing News Home Price Appreciation Highest in 30 Months -Case-Shiller Home prices accelerated their growth again in December. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, rose by 5.8 percent compared to one year earlier. In November the gain over th... (read more) Rob Chrisman Training and Events Ranging From Cybersecurity to Taking an App; ECOA Legal Opinion The last day of February, already? Wasn’t it just New Years? Time flies by, things progress. Yesterday the Chamber of Digital Commerce, the world’s largest trade association representing the blockchain industry, and the Structured Finance... (read more) MBS Commentary MBS Live Day Ahead: More Econ Data and "Month-End," But Trump Speech Looms Today is the last day of February.   'Month-end' is different than other days for bond markets because it serves as a deadline for money managers to match their holdings with various indices.  Long story short, when a particular fund says ... (read more) Housing News Black Knight's HPI Holds on to Late Year Gains Black Knight Financial Services reported on Monday that its Home Price Index posted another 5.7 percent annual increase in the national rate of appreciation. Over the course of 2016 prices rose on a year-over-year basis by an average of 5.4 percent e... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.93 +0.09 Price / Yield Change MBS UMBS 5.5 99.93 +0.09 UMBS 6.0 101.64 +0.07 GNMA 5.5 100.08 +0.11 GNMA 6.0 101.49 +0.08 Pricing as of: 7/3 7:36AM EST 10 Year US Treasury 4.2582 -0.0216 Price / Yield Change US Treasury 2 YR Treasury 3.759 -0.029 5 YR Treasury 3.842 -0.025 7 YR Treasury 4.032 -0.024 10 YR Treasury 4.258 -0.022 30 YR Treasury 4.788 -0.020 Pricing as of: 7/3 7:36AM EST Latest Video Markets stall ahead of Trump speech Santelli Exchange: 'Feel-good indices' feel better Consumer confidence at 114.8 in February Around the Web Market Watch Fed's Williams says there will be serious consideration' of interest rate hike at March meeting Market Watch Trump tax plan, not even on drawing board, is already roiling rental housing Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in November NPR Trump May Weigh In On H-1B Visas, But Major Reform Depends On Congress Redfin Everything to Know About Buying a Home Without a Real Estate Agent wellsfargo.com Wells Fargo Commits to Increase African American Homeownership blog.stewart.com State Corporate Income Tax Rates CNBC Consumer confidence hits best level since July 2001 Bloomberg Why It's So Hard to Build the Next Silicon Valley Freddie Mac Freddie Mac February 2017 Outlook Redfin The Redfin Housing Demand Index Continued Record Climb in January Reuters House Financial Services chairman sees Dodd-Frank reform this year Reuters JPMorgan expects 2017 expenses to rise about 3.4 percent

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.