Financial markets in the US will be closed for President's Day on Monday. Thus, mortgage lenders will not be open, nor will they be accepting locks. Given that mortgage rates took the road less traveled in 2018 and actually moved lower, it's worth having a chat with your mortgage professional if you have a loan in process. Of course, many of you may not be reading this until after the lock window has passed for today, so let's take a look at next week's risks and opportunities . The biggest risk is the same one that's been with us all year. Simply put, rates have been trending higher in a steady but highly convicted fashion, quickly adding a half a percentage point or more to the average 30yr fixed rate quote. As we've been saying all year, it doesn't make sense to bet against that trend until

February 16, 2018 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 Feb 16, 2018 Mortgage Rates Catch a Break Before Long Weekend Fri, Feb 16, 2018 3:49PM Financial markets in the US will be closed for President's Day on Monday. Thus, mortgage lenders will not be open, nor will they be accepting locks. Given that mortgage rates took the road less traveled in 2018 and actually moved lower, it's worth having a chat with your mortgage professional if you have a loan in process. Of course, many of you may not be reading this until after the lock window has passed for today, so let's take a look at next week's risks and opportunities . The biggest risk is the same one that's been with us all year. Simply put, rates have been trending higher in a stea... (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 Recap: Another Chance to Not Get Your Hopes Up Fri, Feb 16, 2018 4:14PM Tiny pockets of gains have come and gone in the vast sea of red that's dominated 2018 so far.  Each pocket has attempted to lure optimists into a "bull trap."  In other words, originators want to be bullish on rates, so they're more likely to take the best available opportunities to get bullish--especially if no such opportunities have presented ... (read more) MBS Live Day Ahead: In a Position to Improve? Fri, Feb 16, 2018 10:16AM While they're extremely important to institutional investors and analysts, the role of trading positions in the bond market is one of the most easily overlooked factors in rate movement over shorter time horizons.  "Positions" is just a fancy ... (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 7:06PM 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 Fannie Mae: So Now Things are Moving Too Fast? Fri, Feb 16, 2018 12:36PM Some people are never happy . For most of the ten years following the start of the Great Recession the experts have focused (can we say harped?) on the theme of a slow recovery. Now, after a couple of upticks in the inflation rate, Fannie Mae has headlined its February Economic Developments release "Strong Economic Activity Triggers Overheating Concerns." Th... (read more) A Happy New Year for Construction Stats Fri, Feb 16, 2018 9:59AM Residential construction got off to a strong start in January, with sizable increases in both permits and housing starts and only a slight downturn in completions. The gains follow a particularly disappointing performance in construction starts in December. Statistics were spotty on a regional basis, and especially weak in the Midwest. The Census Bureau and ... (read more) Subservicing Product; Tax Changes' Impact on Business Fri, Feb 16, 2018 9:11AM Mortgage rates are greatly influenced by supply and demand. And if both the U.S. government and individuals need to borrow money, the government usually wins. Total U.S. household debt hit an all-time high of $13.15 trillion at the end of 2017 . That’s up $193 billion from the previous quarter. Mortgage debt is at $8.88 trillion, up $139 billion. The F... (read more) Latest Video Rising rents causing major affordability issues Santelli Exchange: Upside rate move may be losing steam Rates are going higher irregularly: Nuveen's Bob Doll Around the Web Calculated Risk Blog Lawler: Early Read on Existing Home Sales in January builderonline.com Least Expensive Homes Gain the Most Equity Bloomberg Here's How New Fed Chief Powell Is Changing Things Up Bloomberg ADM's Ostwald on the Fed's Rate Path NAR - Realtor.com U.S. Home Construction Rose 9.7% in January CNBC Rates have reached extreme' levels. Expect a big rally in bonds, utilities, says trader Freddie Mac Freddie Mac Announces First NPL Sale of 2018 Calculated Risk Blog Comments on January Housing Starts CNBC Consumer sentiment jumps in February, exceeding record-high 2017 average CNBC Major apartment developer: 'There is an acute crisis headed our way' CNBC U.S. import prices increase more than expected in January Bloomberg Higher Rates Suddenly Fit Bull Case on Stocks Bloomberg Electronic Bond Trading Gains Ground

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