Delivered to over
70,000+ industry professionals
each day, the Daily Newsletter is the
definitive recap of the day's most
relevant mortgage and real estate news and data. View the latest Newsletter below.
View our most recent newsletter below, or use the date selector to view past newsletters.
Mortgage rates moved higher today, bringing them back into the range that's dominated the second half of the month. That means the average lender is fairly close to the highest rates in more than 2 years, officially seen on December 15th. There hasn't been much movement since then, which is not uncommon during the winter holiday season. As for the contract rates, themselves, 4.375% remains the most prevalent conventional 30yr fixed quote for top tier scenarios. Several lenders still up at 4.5% and a few are down at 4.25%. Barring the unforeseen, lenders will have little incentive to make meaningful adjustments to rates between now and the end of the year, thus decreasing the risk and reward associated with a "lock vs float" decision. Today's Best-Execution Rates 30YR FIXED - 4.375-4.5% FHA
Mortgage Rate Watch
|
|
Mortgage rates moved higher today, bringing them back into the range that's dominated the second half of the month. That means the average lender is fairly close to the highest rates in more than 2 years, officially seen on December 15th. There hasn'... (read more)
|
|
MBS Commentary
|
|
As far as full business days go (those that aren't "early close"), today was by far and away the slowest day of the year for bond markets. In fact, it may be the slowest day of the year, period, by the time the final volume tallies are in.
... (read more)
|
|
Housing News
|
|
While securitization of auto loans is about 16 percent higher than it was in 2001 and agency mortgage-backed securities (MBS) are up over 50 percent, the issuance of private-label securities (PLS) , which collapsed in the housing crisis, has not rebo... (read more)
|
|
Housing News
|
|
Black Knight Financial Services wrapped up the October series of national home price reports with its Home Price Index (HPI). It contained numbers nearly identical to those issued earlier in the day for the S&P CoreLogic Case Shiller National Ind... (read more)
|
|
Housing News
|
|
Price gains in October once again accelerated on an annual basis. The S&P CoreLogic Case-Shiller National Index, which covers all nine U.S. census divisions, was up 5.6 percent compared to October 2015. It was the largest increase year-to-date in... (read more)
|
|
Rob Chrisman
|
|
How has it been ten years since James Brown passed away? And now George Michael. (I guess no matter how much money you have, or how famous you are...) To keep things in perspective, the yield on the 10-year, 10 years ago, was 4.76%. And 30-year mortg... (read more)
|
|
|
|
|