The ongoing improvement in mortgage performance hit a slight snag in the third quarter of 2018, one that appears to be disaster related. The Mortgage Bankers Association (MBA) said the National Delinquency Survey found the national delinquency rate grew by 11 basis points (bps) from the second quarter to 4.47 percent. This was, however an improvement of 41 bps from the same quarter in 2017. Foreclosure starts continued to decline, dropping 1 bp quarter-over-quarter to 0.23 percent, its lowest level since, not just the recession, but 1985. All loan types saw increased delinquencies for the quarter but were down year-over-year. For the quarter, the rate for conventional loans was also up 11 bps to 3.56 percent while the FHA rate rose 26 bps and the VA rate 19 bps to 8.96 percent and 4.16 percent

November 9, 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 Nov 9, 2018 Mortgage Rates Edge Back Up to Early 2011 Levels Thu, Nov 8, 2018 4:36PM Mortgage rates moved back up today, leaving them right in line with the highest levels of the week. These also happen to be the highest levels since early 2011, but let's not get bogged down in unfortunate details! Rates will definitely move lower at some point in the future. That's the way economic cycles work--and they always work eventually. The big questions are twofold: how long will it take for fortunes to change and how high will rates go in the meantime? In terms of timing, we could be looking at anywhere from a few months to more than year before seeing a shift that's big enough to ge... (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 5.5 101.26 -0.02   97.47 101.61 UMBS 30YR 6.0 102.50 -0.04   99.66 102.50 10 YR Treasury 4.048 +0.009   3.621 4.780 MBS Live Day Ahead: Not Expecting Fireworks Ahead of 3-Day Weekend Fri, Nov 9, 2018 9:20AM Between the mid-term elections earlier this week and the simple tradeflow move following the Fed yesterday, bond markets have had their chance to make any necessary adjustments before the next big data point coming up next week.  CPI (the consum... (read more) MBS Live Recap: Fed Says Nothing New. Bonds Sell-Off Anyway Thu, Nov 8, 2018 5:02PM It's hard not to give the Fed a wide berth as the biggest potential market mover on any given Fed day.  Today was a Fed day!  We talked about the outside possibility of the Fed statement having an impact on markets.  Markets indeed made SOME movement, but looked at under anything less powerful than a microscope, today's moves were fairly sma... (read more) MBS Price Change UMBS 5.0 99.72 -0.06 UMBS 5.5 101.25 -0.03 UMBS 6.0 102.49 -0.05 GNMA 5.0 100.04 -0.04 GNMA 5.5 101.20 +0.01 GNMA 6.0 102.14 -0.04 Pricing as of: 9/9 2:24AM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.011 5 YR Treasury 3.573 +0.011 7 YR Treasury 3.779 +0.010 10 YR Treasury 4.051 +0.012 30 YR Treasury 4.699 +0.008 Pricing as of: 9/9 2:24AM EST Other News Delinquency Recovery Interrupted by Natural Disasters Fri, Nov 9, 2018 10:27AM The ongoing improvement in mortgage performance hit a slight snag in the third quarter of 2018, one that appears to be disaster related. The Mortgage Bankers Association (MBA) said the National Delinquency Survey found the national delinquency rate grew by 11 basis points (bps) from the second quarter to 4.47 percent. This was, however an improvement of 41 b... (read more) Share of "Affordable" Homes Falls to 10-Year Low Thu, Nov 8, 2018 2:43PM Housing affordability crept down again in the third quarter of 2018 reaching, according to the National Association of Home Builders (NAHB), a ten-year low. The NAHB/Wells Fargo Housing Opportunity Index (HOI) indicates that 56.4 percent of new and existing homes that were sold nationwide during the quarter were affordable to families earning the U.S. median... (read more) Vendor and Management Products; Fannie and Freddie Updates; LIBOR Replacement News Fri, Nov 9, 2018 8:58AM Whether bond loans (we all know how management loves those), non-QM, reverse mortgages, or high loan to values, originators everywhere are working hard for their borrowers and being creative in a compliant manner. For example, from Minnesota Eric Otterness writes, “Recently my team and I closed on a loan for a first-time buyer in Minneapolis where we h... (read more) Latest Video Expect less pressure on the Fed next year, expert says Bond market staging for near-term pop: Bank of America Fed unveils first bank health report Around the Web NAHB Eye on Housing Softwood Lumber Price Decline Largest in Seven Years Calculated Risk Blog Q4 GDP Forecasts Calculated Risk Blog Hotels: Occupancy Rate Decreased Year-over-year consumerfinancemonitor.com Initial Release of Public Use File With Data From the National Survey of Mortgage Originations CNBC Homebuilders are facing a make-or-break level, according to charts CNBC Homebuilders are facing a make-or-break level, according to charts Reuters U.S. Fed to reconsider 'stress capital buffer' plan: official CNBC Wholesale inventories gain slightly more than expected in September CNBC Consumer sentiment hits 98.3 in November, vs. 98 estimate builderonline.com Affordable Housing Wins Big at Polls CNBC US producer prices jumped in Oct, its biggest monthly gain since 2012 Redfin Akron, Richmond and Buffalo Among the Eight Inland Housing Markets that are Heating Up as the Coasts Cool CNBC US Treasury yields lower after Fed decision; economic data in focus

© 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.