Although the company said it was regular January phenomenon, last month's surge in refinancing also feels a little like borrowers "headed for the last roundup." Ellie Mae's Origination Insight Report noted that the share of refinancing originations shot up by 5 percentage points in January, accounting for 45 percent of all closed loans. The surge coincided with a jump in the average interest rate of closed loans, from 4.28 percent in December to 4.33 percent, making for a 13-basis point increase since October. It was the highest share for refinancing, which dipped to less than a third of closed loans in early summer, since January. The December 2016 to January 2017 increase was 1 point. "As we ring in 2018, we see refinances rise as a percent of overall loan volume, something that we have seen

February 23, 2018 Download our Mobile App: Download our Mobile App: Housing News Refinancing: Seasonal Pattern or Last Chance Surge? Although the company said it was regular January phenomenon, last month's surge in refinancing also feels a little like borrowers "headed for the last roundup." Ellie Mae's Origination Insight Report noted that the share of refinancing originations s... (read more) Housing News Foreclosures, Inventories Move Higher as Hurricane Moratorium Ends The effects of last summer's hurricanes, while fading from their early impact on loan performance stats, are still being felt. Black Knight reports, in its "First Look" at January data, that past due mortgages nationwide declined by 8.6 percent or 21... (read more) Rob Chrisman Reverse Mortgage and USDA/Rural News; Economics and Rates Are you an LO interested in receiving a $5 Amazon Gift Card for your participation in a short survey? Tobe Agency, a digital marketing agency focused on the mortgage vertical is trying to understand the challenges that LOs face in their jobs through ... (read more) MBS Commentary MBS Live Day Ahead: Is Europe Back On US Bond Market Radar? In 2010 and 2011, the early phases of the European financial crisis caused movement in US bond markets that puzzled a majority of domestic investors.  2012 (the apex of the monetary contagion concerns) and 2014 (the inception of the long road to... (read more) Mortgage Rate Watch Mortgage Rates Just Slightly Lower Mortgage rates fell modestly today as underlying bond markets experienced a rare absence of volatility. Rather than view this as some sort of turning point for what has been a fairly relentless march to higher ground, these days are best seen as peri... (read more) MBS Commentary MBS Live Recap: One Of Those Calm Days That Almost Makes You Wonder MBS gained a quarter of a point today and 10yr yields fell more than 3bps despite stock market gains (albeit from yesterday's weak closing levels) and ample corporate bond market issuance.  That might lead to some small amount of optimism or r... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.67 -0.17 Price / Yield Change MBS UMBS 5.5 99.70 -0.15 UMBS 6.0 101.42 -0.15 GNMA 5.5 99.89 -0.07 GNMA 6.0 101.18 -0.23 Pricing as of: 7/3 10:34AM EST 10 Year US Treasury 4.3314 +0.0516 Price / Yield Change US Treasury 2 YR Treasury 3.879 +0.091 5 YR Treasury 3.933 +0.066 7 YR Treasury 4.117 +0.061 10 YR Treasury 4.333 +0.054 30 YR Treasury 4.847 +0.039 Pricing as of: 7/3 10:34AM EST Latest Video Rising interest rates hit borrowers' wallets Jeffrey Gundlach: We don't see a recession on the horizon Santelli Exchange: A unique year for interest rates Around the Web Calculated Risk Blog Lawler: "Census: Population Growth Slowed Slightly in 2017: Immigration Uncertainty Clouds Outlook" Bloomberg Inflation-Vexed Bond Traders Are Unconvinced by Hawkish Fed Talk NAR - Realtor.com Most House Hunters Have Been Searching for 3 Months or More Freddie Mac Freddie Mac February 2018 Insight Calculated Risk Blog House Prices: NAR Median Prices vs Case-Shiller Index NAHB Eye on Housing Permits Grow Across Most States Over 2017 Reuters Fed sees rate hikes on track; continued U.S. growth CNBC Fed sees economy past full employment but with only 'moderate' wage gains Reuters Fed should lean on rate cuts, not QE, in next recession: paper NAHB Eye on Housing Multifamily Built-for-Rent Share Remains Elevated Market Watch Most House Hunters Have Been Searching For 3 Months or More Bloomberg Atlanta Fed President Says 'Things Continue to Look Up' for US Economy Bloomberg JPMorgan's Quants Warn Risks Are Growing for Bond Short-Squeeze

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