Mortgage rates rose again today, adding to a nasty 2-day streak that's taken the average 30 yr fixed rate an eighth of a point higher. That's an uncommonly big 2-day move, and it brings rates to their highest levels since early July 2017. Of potentially more concern is the fact that the current rate spike is making an ominous suggestion about the broader trend. Specifically, the last 3 months of 2017 saw rates consolidate in a mostly-sideways pattern. We'd been waiting for a bigger break higher or lower. Although there were some early warning signs that the breakout would be to the upside, this week has all but confirmed it. The implication is for things to get worse before they get better. Loan Originator Perspectives Bond markets' recent sell-off accelerated today, as oil prices and stocks

January 9, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.02%   6.11% 7.26% 15 Yr. Fixed 5.72% +0.02%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Jan 9, 2018 Mortgage Rates Highest in 6 Months Tue, Jan 9, 2018 3:51PM Mortgage rates rose again today, adding to a nasty 2-day streak that's taken the average 30 yr fixed rate an eighth of a point higher. That's an uncommonly big 2-day move, and it brings rates to their highest levels since early July 2017. Of potentially more concern is the fact that the current rate spike is making an ominous suggestion about the broader trend. Specifically, the last 3 months of 2017 saw rates consolidate in a mostly-sideways pattern. We'd been waiting for a bigger break higher or lower. Although there were some early warning signs that the breakout would be to the upside, thi... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.02 0.00 15 Yr. Fixed 5.72% +0.02 0.00 30 Yr. FHA 6.00% +0.03 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% +0.02 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 9/12 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.13 +0.02   97.47 101.61 UMBS 30YR 6.0 102.40 0.00   99.66 102.50 10 YR Treasury 4.066 +0.040   3.621 4.780 MBS Live Day Ahead: There is Inflation, If You Look For It, And It's Not Helping Bonds Tue, Jan 9, 2018 10:11AM This commentary was delayed this morning due to several alerts posted on MBS Live.  If you're not a member and haven't checked it out, you should . Bonds are beginning the day with their biggest sell-off since January 2nd, but this one is ... (read more) MBS Live Recap: Still Fairly Sideways, but That Could Change This Week Mon, Jan 8, 2018 5:19PM Bonds began the day in slightly stronger territory (emphasis on "slightly").  The overnight session was calm and thinly traded with Japan being out of the office for the day.  European bond trading helped set a positive tone for US bond markets, but that began to erode shortly after the NYSE open (9:30am ET). It would be fair to think that 9:30... (read more) MBS Price Change UMBS 5.0 99.63 +0.06 UMBS 5.5 101.13 +0.02 UMBS 6.0 102.40 0.00 GNMA 5.0 100.00 -0.08 GNMA 5.5 101.13 -0.08 GNMA 6.0 102.01 -0.04 Pricing as of: 9/13 5:19AM EST US Treasury Yield Change 2 YR Treasury 3.553 +0.009 5 YR Treasury 3.630 +0.027 7 YR Treasury 3.816 +0.038 10 YR Treasury 4.066 +0.040 30 YR Treasury 4.681 +0.023 Pricing as of: 9/13 5:19AM EST Other News Lending Standards Becoming Tight For Government Loans Tue, Jan 9, 2018 11:56AM A decline in each of its four component indices, especially the one measuring the availability of government-backed loans, drove overall mortgage credit availability lower in December according to the Mortgage Bankers Association (MBA). The group's Mortgage Credit Availability Index (MCAI) dropped by 1.8 percent to a reading of 179.2. A decline in the MCAI i... (read more) Delinquency Rates Skewed by Hurricane Stricken States Tue, Jan 9, 2018 10:29AM Mortgage delinquency rates continued to fall in October, with the national rate ticking down 0.1 percent and the percentage of non-current loans declining in all but three states. While perennial trouble spots Louisiana, Mississippi, New York, and New Jersey all saw loans that were 30 or more days past due decline by one-half percentage point or more, delinq... (read more) New Branding; Servicing Rankings and News; Rates Edging Up Tue, Jan 9, 2018 9:13AM “A sea change:” A radical change or transformation. One wouldn’t call last Friday’s note from the CFPB a sea change, but the fact that the Consumer Financial Protection Bureau announced that it will be re-evaluating expanded reporting and data resubmission requirements under its Home Mortgage Disclosure Act, set to take effect Jan. 1,... 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