Mortgage rates moved higher today, despite resilience in underlying bond markets. If you were to ask bonds, they'd vote for rates remaining flat--well, sort of. There is a timing issue that I brought to your attention yesterday where mortgage lenders had yet to adjust for yesterday afternoon's bond market weakness (weaker bonds = higher rates) and were thus more likely to start today with higher rates, all other things being equal. That's exactly what happened. And while it does mean that rates are higher than they were yesterday, we're actually seeing some supportive cues in bond market for the first time all week. Specifically, bonds have held fairly steady today--something they've had a hard time with recently. It's early to say for sure, but this could be the first sign that this week's

September 14, 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 Sep 14, 2017 Mortgage Rates at 3-Week Highs Thu, Sep 14, 2017 2:51PM Mortgage rates moved higher today, despite resilience in underlying bond markets. If you were to ask bonds, they'd vote for rates remaining flat--well, sort of. There is a timing issue that I brought to your attention yesterday where mortgage lenders had yet to adjust for yesterday afternoon's bond market weakness (weaker bonds = higher rates) and were thus more likely to start today with higher rates, all other things being equal. That's exactly what happened. And while it does mean that rates are higher than they were yesterday, we're actually seeing some supportive cues in bond market for t... (read more) Mortgage Rates Stabilize Despite More Bond Market Weakness Wed, Sep 13, 2017 3:13PM Mortgage rates held steady today, and were slightly lower in some cases. That's not entirely logical at first glance because the bonds that dictate mortgage rates suggested the opposite. Considering a 2-day time frame helps us reconcile this paradox. Bonds had improved by the end of the day yesterday, albeit slightly. Lenders, however, didn't account for that improvement by changing rates yesterday. Instead, they made their adjustments with this morning's rate sheets. Bonds were unchanged to slightly stronger this morning. Today's weakness arrived after most lenders already had rate sheets out... (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 5.5 101.06 -0.22   97.47 101.61 UMBS 30YR 6.0 102.36 -0.18   99.66 102.50 10 YR Treasury 4.082 +0.043   3.621 4.780 MBS Live Day Ahead: Time for CPI Thu, Sep 14, 2017 8:28AM Yesterday morning's chart is just as germane for today, perhaps more so.  It shows how bonds have reacted to CPI data over the past few months.  Although not every instance is a perfect argument for its relevance, it's safe to say that ther... (read more) MBS Live Recap: Trend Remains Unfriendly; Highest Yields in 3 Weeks Wed, Sep 13, 2017 4:15PM Treasury yields hit their highest levels in exactly 3 weeks today with little apparent motivation.  Indeed, volumes remained lower than recent averages and movement arrived in line with opening and closing bells for various markets (9:30am NYSE open and 3pm CME close).  This suggests a general lack of fundamental motivation for the weakness, rele... (read more) MBS Price Change UMBS 5.0 99.45 -0.32 UMBS 5.5 101.06 -0.23 UMBS 6.0 102.38 -0.16 GNMA 5.0 99.73 -0.34 GNMA 5.5 101.04 -0.15 GNMA 6.0 102.01 -0.18 Pricing as of: 9/9 5:51PM EST US Treasury Yield Change 2 YR Treasury 3.558 +0.071 5 YR Treasury 3.617 +0.055 7 YR Treasury 3.816 +0.048 10 YR Treasury 4.087 +0.048 30 YR Treasury 4.732 +0.042 Pricing as of: 9/9 5:51PM EST Other News Mortgage Delinquencies Remain Low in June Wed, Sep 13, 2017 10:13AM CoreLogic reported on Tuesday that the national mortgage delinquency rate in June was again the lowest in nearly a decade . The company's Loan Performance Insights Report for the month shows 4.5 percent of outstanding mortgages were in some stage of delinquency, that is 30 or more days past due or in foreclosure. This is an 0.8 percentage point decline since... (read more) Jumbo Product, Lender Tax Credits; Disaster Updates Thu, Sep 14, 2017 9:21AM Disaster-related news continues to be front-and-center for obvious reasons. HUD announced it will speed federal disaster assistance to the State of Florida and provide support to homeowners and low-income renters forced from their homes due to Hurricane Irma. In addition, HUD is Granting immediate foreclosure relief (link) Making mortgage insurance available... 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