Although home affordability is high, relative to pre-crisis levels, the rate at which their prices are increasing is cause for concern. Andrew LePage, CoreLogic Professional in Research Analysis, says the role of rising interest rates should not be overlooked; they can affect affordability more than home price appreciation. Household incomes have not been keeping up with rising home prices, but the persistently low interest rates have mitigated some of the impact . But LePage asks, what will happen now that rates are trending higher again? One way to measure how inflation, interest rates, and home prices impact affordability is "the typical mortgage payment." This is an interest rate-adjusted monthly payment derived each month using the median national home sale price and the Freddie Mac average

August 17, 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 Aug 17, 2017 Mortgage Rates Back to 2017 Lows on Trump Tweet Wed, Aug 16, 2017 5:05PM Mortgage rates dropped today after news broke (first rumors, then confirmation via Twitter) that President Trump was disbanding his councils of CEOs. The move apparently came in response to attrition among several CEOs following Trump's press conference on recent events in Charlottesville, VA. In not so many words, Trump disbanded the councils before any more CEOs had a chance to quit. Political turmoil-- especially that which appears "anti-business" in any way--always runs the risk of hurting stocks and helping bonds. That's exactly what happened today. "Helping bonds" in this context means h... (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 5.5 101.28 +0.16   97.47 101.61 UMBS 30YR 6.0 102.54 +0.05   99.66 102.54 10 YR Treasury 4.039 -0.047   3.621 4.780 MBS Live Day Ahead: Trader Ghost Town Greases Skids For Volatility Thu, Aug 17, 2017 10:22AM With this morning's econ data already out and having no effect on bond markets, the only other report for the week is tomorrow morning's Consumer Sentiment--admittedly not the biggest market mover in the world.  The backdrop for any potential vo... (read more) MBS Live Recap: Bonds Rallied on Trump Tweet Before it Ever Came Out Wed, Aug 16, 2017 5:28PM Today looked like it would be all about waiting for the Fed Minutes to see if there were any surprises.  That plan began in fairly good shape, with only a mild rally following weaker residential construction data.  By mid-day, bonds were staging near their stronger levels from yesterday's domestic session.  Then the weird stuff started happeni... (read more) MBS Price Change UMBS 5.0 99.78 +0.31 UMBS 5.5 101.28 +0.16 UMBS 6.0 102.54 +0.05 GNMA 5.0 100.07 +0.24 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.18 +0.05 Pricing as of: 9/8 7:05PM EST US Treasury Yield Change 2 YR Treasury 3.487 -0.030 5 YR Treasury 3.562 -0.027 7 YR Treasury 3.768 -0.032 10 YR Treasury 4.039 -0.047 30 YR Treasury 4.690 -0.079 Pricing as of: 9/8 7:06PM EST Other News CoreLogic - Don't Overlook Rates in Affordability Discussions Thu, Aug 17, 2017 3:33PM Although home affordability is high, relative to pre-crisis levels, the rate at which their prices are increasing is cause for concern. Andrew LePage, CoreLogic Professional in Research Analysis, says the role of rising interest rates should not be overlooked; they can affect affordability more than home price appreciation. Household incomes have not been ke... (read more) Refis Enjoy Nice Bounce Thanks to Lowered Rates Thu, Aug 17, 2017 10:04AM There is still life left in refinancing. While at nowhere near the levels of a few years ago, Ellie Mae's Origination Insight Report for July reported that the percentage of loans that were for refinancing increased by three points to 35 percent . That gain followed two months of decline. The refi share was up 2 to 3 percentage points across all loan types. ... (read more) State-Level Licensing Law Changes; TRID-Related Process Changes Thu, Aug 17, 2017 9:38AM What will buildable land in Las Vegas set you back? The math is pretty easy: Toll Brothers has acquired 10 acres of vacant land at a once-bankrupt Summerlin condo complex for $10.3 million. But that is just the start of expenses, right? In neighboring California, more stringent building-code requirements add roughly $47,000 to a typical 1,400-square-foot hom... (read more) Latest Video Kocherlakota: Yellen should refuse reappointment Industrial production up 0.2% Initial jobless claims drop 12K to 232,000 Around the Web Freddie Mac Freddie Mac August 2017 Outlook Market Watch Wall Street's 'fear gauge'--the VIX--jumps 23% amid falling Dow, Barcelona terror attack builderonline.com Million-Dollar Neighborhoods Proliferate consumerfinancemonitor.com CFPB issues reports on student loan repayment and repayment assistance programs CNBC White House: Rumors of Gary Cohn's resignation '100% false' Freddie Mac Freddie Mac Statement on HARP Extension and Modifications to Forthcoming High LTV Refinance Program Calculated Risk Blog Earlier: Philly Fed Manufacturing Survey "region continued to advance" in August Redfin Home Sales Fell 3.5 Percent in July, the 22nd Consecutive Month to Post an Inventory Decline Freddie Mac Mortgage Rates Drop Again Market Watch Outside the Box: Crowdfunded real-estate investments Calculated Risk Blog Industrial Production Increased 0.2% in July CNBC Schwarzman and CEOs dispute Trump's account of who disbanded their policy forum Reuters U.S. jobless claims fall to near six-month low

© 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.