A strong fourth quarter helped push mortgage originations for the whole of 2016 to the highest level in four years . Black Knight's Mortgage Monitor reports that total first lien originations rose 17 percent over originations in 2015 to $2.1 trillion. Refinancing volume was up 22 percent over the 12-month period and purchase mortgage originations increased by 13 percent. It was the second straight year in which the percentage of purchase originations rose by double digits . The total of $1.1 trillion in purchase mortgages was the highest since 2006, but fell 28 percent short of the peak in such mortgages which was reached by originations in 2005. Refinancing totaled more than $1 trillion as well, and was the highest annual volume since 2013. In the fourth quarter alone the refinancing totaled

March 6, 2017 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 Mar 6, 2017 Mortgage Rates Rise For 5th Straight Day Fri, Mar 3, 2017 4:08PM Mortgage rates rose by the smallest amount of the week today, but they rose nonetheless. That caps a streak of 5 straight days spent moving in an unfriendly direction. The caveat is that we continue to deal with an overall range that is generally very narrow. Between last week's lows and this week's highs, there's scarcely more than .125% in rate. And the biggest single-day movement (Wednesday) only saw an effective rate increase of 0.07%. Each of the remaining days was 0.03% or less. That big move on Wednesday was due to comments from NY Fed President Dudley on the likelihood of a Fed rate hi... (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 4.048 +0.009   3.621 4.780 MBS Live Week Ahead: Light Data, But NFP Friday--Will it Matter? Mon, Mar 6, 2017 8:58AM Last week saw economic data take a definitive back seat to Fed speeches --particularly Tuesday's comments from NY Fed President Dudley.  It wasn't that Dudley said anything that other Fed speakers hadn't.  Rather it was a combination of factors.  First and foremost, Dudley has always been pragmatic, level-headed, and balanced in his assessmen... (read more) MBS Live Recap: Bonds Bounce Back After Yellen Confirms Rate Hike Fri, Mar 3, 2017 4:34PM Economic data was stronger this morning with the best ISM Manufacturing "business activity" reading since 2011.  Along with comments from Fed's Powell, this kept the pressure on rates heading into the afternoon. Then, in a classic case of "buy the rumor, sell the news" (or vice versa), bond markets "bought the news" of a likely Fed rate hike in Ma... (read more) MBS Price Change UMBS 5.0 99.73 -0.04 UMBS 5.5 101.26 -0.03 UMBS 6.0 102.50 -0.04 GNMA 5.0 100.04 -0.03 GNMA 5.5 101.20 +0.02 GNMA 6.0 102.15 -0.04 Pricing as of: 9/8 10:31PM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.009 5 YR Treasury 3.571 +0.009 7 YR Treasury 3.776 +0.008 10 YR Treasury 4.048 +0.009 30 YR Treasury 4.699 +0.009 Pricing as of: 9/8 10:31PM EST Other News 2016 Originations Set Four-Year High Mon, Mar 6, 2017 1:40PM A strong fourth quarter helped push mortgage originations for the whole of 2016 to the highest level in four years . Black Knight's Mortgage Monitor reports that total first lien originations rose 17 percent over originations in 2015 to $2.1 trillion. Refinancing volume was up 22 percent over the 12-month period and purchase mortgage originations increased b... (read more) Primer on 30-Year Bond Supply, Demand, and Yield; Training and Events Mon, Mar 6, 2017 9:30AM Welcome to national White Chocolate Cheesecake Day, and Oreo Cookie Day, both of which usually have gluten. Like gluten, most people don’t precisely know what blockchain is, or even if it should be capitalized. Blockchain (a distributed database that maintains a continuously growing list of ordered records, called “blocks”) technology is be... (read more) Record Bank Earnings, Basel Update; Appraisal and Collateral Trends Fri, Mar 3, 2017 9:12AM For me the last few weeks included travel to events in Florida, Texas, Southern California, and now The Mortgage Collaborative’s event in Arizona. And although I wouldn’t describe the mood as “vivacious” out there ("keeping our noses to the grindstone" would be more appropriate), in terms of demographics I have noticed more and more y... 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