Mortgage rates were off to a very bad start this morning, but recovered a portion of what they lost by the end of the day. The specifics depend greatly on the lender in question. Sadly, few if any lenders are still able to offer the rates seen yesterday. To make matters worse, yesterday's rates were already significantly higher than those seen just one week prior. But how about a big silver lining? One week prior to yesterday, the average lender was offering all-time low mortgage rates. So being "significantly higher" than that still hasn't been enough to move the average top tier conventional 30yr fixed quote up to 3%. Before covid, 3.125% was the lowest ever 30yr fixed rate! If you're in the purchase market, 2.75% is still common (2.875% for refis). Lenders continue to be widely stratified

January 13, 2021 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Find Some Support After an Ugly Start Mortgage rates were off to a very bad start this morning, but recovered a portion of what they lost by the end of the day. The specifics depend greatly on the lender in question. Sadly, few if any lenders are still able to offer the rates seen yester... (read more) Housing News Although Gradually Improving, Delinquencies Remain Elevated The rate of mortgage delinquencies remains significantly elevated from last year, but there is gradual improvement . The national rate moved higher in October on an annual basis per CoreLogic's Loan Performance Insights Report . Loans that were 30 or... (read more) Housing News Tentative Recovery in Mortgage Availability With Help From Government and Jumbo Loans While it did dip a bit last month, the availability of mortgage credit appears to be stabilizing , having moved only slightly over the last three months. The Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) was down 0.... (read more) Housing News Still Cheaper to Own than Rent in Majority of U.S. Counties In most parts of the country owning a home is more affordable than renting one according to ATTOM Data Solutions' 2021 Rental Affordability Report . The company looked at the median price of a three-bedroom home in 915 U.S. counties and the rent for ... (read more) Rob Chrisman Retail, Recruiting Jobs; Servicing, Appraisal, Income Calculation Tools; Upcoming Virtual Training; MSA FAQs There are plenty of MLOs (mortgage loan originators) out there very pleased with their earnings for 2020. In a non-random sample, several CEOs with whom I spoke had retail LOs earn more than a million clams, all in a compliant manner. It is good to r... (read more) MBS Commentary MBS Live Recap: Important Victory For Bonds, and Another Battle Ahead Important Victory For Bonds, and Another Battle Ahead Rates rallied today.  Despite a positive reaction to a strong 30yr bond auction, it looks like traders made their minds up to be buyers well before t... (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 99.92 +0.08 Price / Yield Change MBS UMBS 5.5 99.91 +0.07 UMBS 6.0 101.61 +0.05 GNMA 5.5 100.05 +0.09 GNMA 6.0 101.46 +0.05 Pricing as of: 7/3 4:46AM EST 10 Year US Treasury 4.2553 -0.0245 Price / Yield Change US Treasury 2 YR Treasury 3.772 -0.016 5 YR Treasury 3.848 -0.019 7 YR Treasury 4.035 -0.021 10 YR Treasury 4.260 -0.020 30 YR Treasury 4.786 -0.022 Pricing as of: 7/3 4:46AM EST Latest Video Investors are focused on whether there will be more tax cuts, stimulus pack... Trump: I urge no violence, no lawbreaking, no vandalism Fed's first Beige Book of 2021: Economic activity increased modestly Fed's Brainard: Economy is far away from our goals Around the Web CNBC The unemployment rate is above 20% for the lowest-paid workers, Fed's Brainard says CNBC Biden to unveil new Covid stimulus plan, hopes for bipartisan support Calculated Risk Blog Houston Real Estate in December: Sales Up 27% YoY, Inventory Down 29% YoY Calculated Risk Blog Cleveland Fed: Key Measures Show Inflation Soft in December NAHB Eye on Housing Consumer Prices Increase in December CNBC Lagarde stands by growth forecasts despite new lockdowns hitting Europe CNBC Treasury yields slip following strong 10-year note auction twitter.com Despite historically low mortgage rates, consumers' homebuying and home-selling sentiment fell in December 2020. Calculated Risk Blog Denver Real Estate in December: Sales Up 5% YoY, Active Inventory Down 50% CNBC Fed's Esther George cautions that inflation could rise faster than expected NAR - Realtor.com Good Riddance to Open Floor Plans and Cabinets Galore: Top Kitchen Trends of 2021 CNBC Hospitality industry sees drop in job openings and surge in separations as shutdowns take hold NAHB Eye on Housing Open Job Rate in Construction Steady

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