Mortgage rates had another rough day as they continued moving up into new 4-year highs. Unlike the extremely mild and uneventful day-to-day changes seen for most of the past 2 months, rates are actually putting some distance between themselves and the March plateau. Whereas a well-qualified borrower with 25% down may have been quoted a conventional 30yr fixed rate of 4.5% a few weeks ago, they'd already be looking at 4.75% today for most lenders. Of course this can vary a bit from lender to lender, but the point is that all lenders have experienced that sort of delta. Will it ever stop? Yo! I don't know! Actually I do know. The answer is yes, but I don't know when. Rates could (and SHOULD, if we're being honest) continue even higher from here . They may not do so in a straight line, but barring

April 25, 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 Apr 25, 2018 The Top Still Isn't In For Mortgage Rates Wed, Apr 25, 2018 3:32PM Mortgage rates had another rough day as they continued moving up into new 4-year highs. Unlike the extremely mild and uneventful day-to-day changes seen for most of the past 2 months, rates are actually putting some distance between themselves and the March plateau. Whereas a well-qualified borrower with 25% down may have been quoted a conventional 30yr fixed rate of 4.5% a few weeks ago, they'd already be looking at 4.75% today for most lenders. Of course this can vary a bit from lender to lender, but the point is that all lenders have experienced that sort of delta. Will it ever stop? Yo! I ... (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 Day Ahead: Positive/Negative Potential Outcomes; Why This Time is Different Wed, Apr 25, 2018 9:33AM It will come as no surprise that I feel the level of discussion about 10yr yields being at 3% is overdone at best, and misguided at worst.  Actually, it's clearly overdone, so let's talk about how it's misguided by taking a quick inventory of a ... (read more) MBS Live Recap: Selling Spree Continues Wed, Apr 25, 2018 4:32PM The recent rate drama continues unabated.  Today was the  6th day of heavy selling in bond markets, bringing yields within striking distance of the 2014 highs near 3.041%.  As has been the case during this sell-off, there really hasn't been much to hang one's hat on with respect to convenient explanations.  It's not as if there was some ... (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 7:43PM 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 7:43PM EST Other News NAHB Say Home Buyers Looking, but Facing a Tough Market Wed, Apr 25, 2018 12:43PM A new poll indicates that 17 percent of adults are ready and willing to purchase a home over the next year, and many will be first-time buyers . The information comes from a new research project inaugurated this week by the National Association of Home Builders (NAHB). Its first edition of the quarterly Housing Trends Report (HTR), which covers the first qua... (read more) Mortgage Volume Flattens as Rates Rise Wed, Apr 25, 2018 9:09AM The volume of mortgage applications received during the week ended April 20 was largely unchanged from the previous week . The Mortgage Bankers Association's (MBA) said its Market Composite Index, a measure of that volume, ticked down 0.2 percent on a seasonally adjusted basis from one week earlier although it was 1 percent higher before adjustment. The seas... (read more) Expense Control, Marketing Products; Digital Trends; Amazon's Blockchain Debut Wed, Apr 25, 2018 9:22AM Amazon Web Services, the conglomerate’s cloud computing division, has announced AWS Blockchain Templates, which will compete with similar offerings from IBM and Oracle . “The Amazon product gives developers access to a choice of two preset blockchain frameworks, and its producers say it will streamline efficiency by reducing the need for third-pa... 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