Compared to yesterday, today's mortgage rates are a moving target depending on the lender. Some are better. Some are worse. On average, rates are unchanged from yesterday's latest rate sheets. The variability has to do with yesterday's fairly sharp losses in bond markets (which dictate rates). Lenders respond to that type of weakness in different ways. Some of them adjusted rate sheets aggressively yesterday. Those lenders are less likely to be showing higher rates today (because they already accounted for the market movement yesterday). Other lenders ended the day yesterday without fully adjusting their rate sheets to reflect the losses. Those lenders are more likely to be showing higher rates today. 4.25% remains the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios

March 29, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 29, 2017 Mortgage Rates Steady, Depending on Lender Wed, Mar 29, 2017 2:00PM Compared to yesterday, today's mortgage rates are a moving target depending on the lender. Some are better. Some are worse. On average, rates are unchanged from yesterday's latest rate sheets. The variability has to do with yesterday's fairly sharp losses in bond markets (which dictate rates). Lenders respond to that type of weakness in different ways. Some of them adjusted rate sheets aggressively yesterday. Those lenders are less likely to be showing higher rates today (because they already accounted for the market movement yesterday). Other lenders ended the day yesterday without fully adju... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 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 5.5 101.10 -0.18   97.47 101.61 UMBS 30YR 6.0 102.40 -0.13   99.66 102.50 10 YR Treasury 4.083 +0.043   3.621 4.780 MBS Live Day Ahead: Bonds Fight to Quarantine Yesterday's Weakness Wed, Mar 29, 2017 8:46AM We characterized yesterday's bond market weakness as a simple and somewhat logical correction.  The initial move was Monday morning's rally that was based on an absence of updates regarding the healthcare bill.  In other words, the bill l... (read more) MBS Price Change UMBS 5.0 99.48 -0.29 UMBS 5.5 101.09 -0.19 UMBS 6.0 102.38 -0.16 GNMA 5.0 99.81 -0.26 GNMA 5.5 101.12 -0.07 GNMA 6.0 102.08 -0.11 Pricing as of: 9/9 5:14PM EST US Treasury Yield Change 2 YR Treasury 3.550 +0.063 5 YR Treasury 3.608 +0.046 7 YR Treasury 3.809 +0.041 10 YR Treasury 4.081 +0.042 30 YR Treasury 4.721 +0.031 Pricing as of: 9/9 5:14PM EST Other News Second Best Month in 11 Years for Pending Home Sales Wed, Mar 29, 2017 10:29AM Pending home sales in February surprised everyone with an unexpected jump of 5.5 percent . The National Association of Realtors® said its Pending Home Sales Index, which is a leading indicator based on signed home purchase contracts, rose to 112.3 in February from 106.4 in January. The reading is 2.6 percent above a year earlier, and surpassed index read... (read more) Time for FHA to Ease Credit - and Lender Angst Wed, Mar 29, 2017 9:47AM Back in December the Urban Institute (UI) put a number on the much maligned but somewhat amorphous term "tight credit." It maintained that, between 2009 and 2014, lenders failed to make about 5.2 million mortgages because of rigid underwriting standards. Another 1.1 million loans could have been processed in 2015 "if reasonable lending standards had been in ... (read more) Refinance Share Back to 2008 Levels Wed, Mar 29, 2017 8:17AM Mortgage applications saw a third straight decline in volume during the week ended March 24. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, was down 0.8 percent on a non-seasonally adjusted basis compared to the previous week, and 0.4 percent week unadjusted. Applications for purchase mortgages increased dur... (read more) Training/Events; Digital Mortgage Survey; Vendors/Lenders Raising Capital Wed, Mar 29, 2017 9:39AM The average residential loan file has 367,000 documents - and each one must be verified by the underwriter. Okay, just kidding. But every Boeing 737 (like Southwest flies) has 367k parts. Boeing’s assembly line moves at 2 inches per minute, and a plane takes 9 days from start to finish to assemble. If only processing a loan was that efficient…pe... (read more) Latest Video Fed's Williams: Should not rule out more than 3 hikes this year Real estate mogul: Don't spend on renovations before doing this Fed's Rosengren calls for 4 rate hikes this year Around the Web CNBC Real estate mogul: This is the biggest mistake house-flippers make CNBC Fed's Williams: Don't 'rule out' more than three rate hikes this year Calculated Risk Blog Zillow Forecast: "Case-Shiller national index is forecastto grow 6 percent year-over-year" in February CNBC Fed's Rosengren wants four rate hikes this year Bloomberg Deutsche Bank Said to Eye New Home Lending for Settlement CNBC Homebuilders struggle to fill jobs 'Americans don't want' Reuters Fed's Evans says he supports one or two more rate hikes this year Market Watch Here's what happens now that the U.K. has triggered Article 50 Freddie Mac Five Tips to Get the Most Cash Out of Your Small Rental Property NPR Brexit: Prime Minister May Is Triggering U.K.'s Exit From EU Today Reuters Spooked by yield rise, ECB wary of changing message again: sources CNN Wells Fargo fails test over 'discriminatory and illegal' practices Bloomberg KB Home CEO Says Rate Increase Didn't Slow Sales - Bloomberg

© 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.