As interest rates rise and refinancing declines, the impact is beginning to manifest in the loan prepayment rate . The single month mortality rate (SSM) followed a 15 percent decline in January with another 9 percent loss in February. Black Knight says, in its "first look" at February loan performance data, that the SSM during the month was 0.72 percent, the lowest since 2014. After dropping sharply in the prior month, improvement in the national delinquency rate slowed in February. Black Knight said there was only a 0.21 percent month-over-month decline in the rate of loans 30 or more days past due, but not in foreclosure. Those delinquencies declined by 4,000 to 2.198 million, 4.30 percent of all active mortgages. Delinquencies were up on an annual basis , rising by 2.10 percent or 63,000

March 22, 2018 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 Mar 22, 2018 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: Brace For Nonsense in The News Thu, Mar 22, 2018 9:15AM One of my favorite things to do is to push back on news media bandwagons with indignation and incredulity.  Today provides a great opportunity for that because stocks are starting off weaker and most media outlets seem to be focused on the wrong... (read more) MBS Live Recap: After Miraculous Recovery, Bonds Upgraded to "Not Quite Dead" Wed, Mar 21, 2018 6:08PM If you're not up to speed on a few of the funniest scenes from Monty Python and The Holy Grail, this analogy is going to be tough to follow.  In the interest of not posting a link that could eventually die (you never know with copyrighted material on youtube), your best bet would be to google "Monty Python not dead yet."  And if all that sounds lik... (read more) MBS Price Change UMBS 5.0 99.45 -0.32 UMBS 5.5 101.06 -0.22 UMBS 6.0 102.37 -0.17 GNMA 5.0 99.73 -0.34 GNMA 5.5 101.04 -0.14 GNMA 6.0 102.01 -0.17 Pricing as of: 9/9 5:50PM EST US Treasury Yield Change 2 YR Treasury 3.558 +0.071 5 YR Treasury 3.615 +0.054 7 YR Treasury 3.815 +0.047 10 YR Treasury 4.087 +0.047 30 YR Treasury 4.731 +0.041 Pricing as of: 9/9 5:50PM EST Other News Black Knight: Prepayments are Falling, Hurricane Effect Lingers Thu, Mar 22, 2018 10:51AM As interest rates rise and refinancing declines, the impact is beginning to manifest in the loan prepayment rate . The single month mortality rate (SSM) followed a 15 percent decline in January with another 9 percent loss in February. Black Knight says, in its "first look" at February loan performance data, that the SSM during the month was 0.72 percent, the... (read more) Ignoring Trend, Home Prices Surged in January Thu, Mar 22, 2018 10:07AM Home prices took a big leap in January , at least according to the Federal Housing Finance Agency's (FHFA's) seasonally adjusted House Price Index (HPI). The 0.8 percent increase from December was the largest since last February and reversed what had been a gradual and uneven decline. The November to December 2017 change, originally reported as an 0.3 percen... (read more) "Significant" Reduction in Closing Times - Ellie Mae Thu, Mar 22, 2018 9:27AM The 5-point surge in the share of refinancing loans that closed in January didn't survive the month. Ellie Mae's Origination Insight Report shows that share dropped from 45 percent to 43 percent in February. Refinancing lost market share for both VA and conventional loans but held steady at an already low 28 percent of FHA mortgages. Purchase loans grew thei... (read more) Insurance Products; Trends in Servicing Sales; State's $0 Down Payment Offer Thu, Mar 22, 2018 9:13AM “Skin in the game” is a key component for lower delinquency and foreclosure rates, as borrowers have come up with required down payments. Mortgage investors like that kind of thing. But news broke that Massachusetts has now launched a “No-Money-Down Mortgage Program.” Things are different this time than fifteen years ago, right? Right... (read more) Latest Video Fed needs to be pragmatic: Bill Gross Powell on same path as Yellen, says strategist Powell: Neutral rate of interest is still quite low Around the Web NAR - Realtor.com Home Buyers Are Raring to Go, Planning Strategies as Spring Market Heats Up Brookings Institution Hutchins Roundup: Congestion pricing, aging population and automation, and more Calculated Risk Blog Housing Inventory Tracking Bloomberg Bond Market Signals Powell's Fed Debut Merely a Risk That Passed CNBC The bond market is doing something it's never done before, and it could stop the Fed in its tracks Freddie Mac Freddie Mac March 2018 Outlook NPR President Trump Orders $50 Billion Tariffs On China The Basis Point Linkage: are home sales immune to rising rates? CNBC Financial markets are not ready for a 'dangerous' trade war Calculated Risk Blog Kansas City Fed: Regional Manufacturing Activity "Continued at a Solid Pace" in March Bloomberg BOE Keeps Interest Rate Unchanged as Minority Urges Hike CNBC Rents are rising at the fastest pace in almost two years Freddie Mac Mortgage Rates Hold Steady After Last Week's Drop

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.