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: Mortgage Rate Watch Mortgage Rates Catch a Break Before Long Weekend 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 ha... (read more) MBS Commentary MBS Live Recap: Another Chance to Not Get Your Hopes Up 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 likel... (read more) Housing News Fannie Mae: So Now Things are Moving Too Fast? 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 hea... (read more) MBS Commentary MBS Live Day Ahead: In a Position to Improve? 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) Housing News A Happy New Year for Construction Stats 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 De... (read more) Rob Chrisman Subservicing Product; Tax Changes' Impact on Business 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... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% +0.03 0.00 15 Yr. Fixed 6.05% +0.01 0.00 30 Yr. FHA 6.38% +0.02 0.00 30 Yr. Jumbo 6.91% +0.01 0.00 7/6 SOFR ARM 6.27% +0.02 0.00 30 Yr. VA 6.40% +0.02 0.00 Updates Daily - Last Update: 7/24 15 Yr. Fixed Rate 6.05% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.74% -0.01 0.00 15 Yr. Fixed 5.87% -0.05 0.00 Updates Weekly - Last Update: 7/24 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.31 -0.05 Price / Yield Change MBS UMBS 5.5 99.31 -0.05 UMBS 6.0 101.25 -0.06 GNMA 5.5 99.58 -0.05 GNMA 6.0 101.22 -0.04 Pricing as of: 7/24 7:11PM EST 10 Year US Treasury 4.3982 +0.0145 Price / Yield Change US Treasury 2 YR Treasury 3.923 +0.045 5 YR Treasury 3.960 +0.030 7 YR Treasury 4.164 +0.020 10 YR Treasury 4.398 +0.015 30 YR Treasury 4.939 -0.001 Pricing as of: 7/24 7:11PM EST 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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