Mortgage rates moved higher for the 6th time in the past 7 business days, even after several lenders offered mid-day improvements in the afternoon. That leaves them at their highest levels of the year, although things were worse for most lenders earlier this morning. 4.25% remains the most prevalent quote on top tier conventional 30yr fixed scenarios. Like yesterday, a few more lenders moved up to 4.375%. It continues to be the case that there is little rhyme or reason to the short-term market movements causing volatility for rates. The bigger picture themes are more relevant. Those themes suggest a trend toward higher rates has taken shape although the implications would be more severe if rates break above mid-December's highs. While we're not there yet, it's safest to assume that's where

January 26, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Rates Remain Higher Despite Afternoon Recovery Mortgage rates moved higher for the 6th time in the past 7 business days, even after several lenders offered mid-day improvements in the afternoon. That leaves them at their highest levels of the year, although things were worse for most lenders earl... (read more) Housing News Cash Sales' Return to Normalcy Remains Elusive Sales of distressed properties continue to represent a diminishing share of the housing market as does the use of all-cash for housing purchase. Still CoreLogic, in its dual reports for October, estimates it will take more than another year before ei... (read more) Housing News New Home Sales End 2016 on Negative Note New home sales contracted sharply in December, more than reversing their November gain and ending the year at a slightly lower rate than that of the previous December. For the year as a whole however, 2016 sales were much improved over those in 2015.... (read more) Rob Chrisman Government News; Glass Steagall Primer; Ginnie & Capital Markets News The average used car depreciated about 23% last year, faster than the historical average annual rate of 18%, per the National Automobile Dealers Association report. Years of rising U.S. auto sales are starting to work against carmakers, and a glut of... (read more) MBS Commentary MBS Live Day Ahead: The Trend is Not Our Friend The winter holiday season can be defined a few different ways.  Most broadly, it refers to Thanksgiving through President's day.  That's a bit too broad , however, if we're trying to differentiate the type of market movement seen based on ... (read more) MBS Commentary MBS Live Recap: Bonds Bounce After Hitting Weakest 2017 Levels It may not be the last time we can say this, but bonds hit their weakest levels of 2017 today--first in the overnight session as European bond markets sold-off, and then again just before 11am.  The second sell-off was multi-faceted.  Stock... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/3 9:04PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/3 9:04PM EST Latest Video Q4 GDP tracking 2.4% Mexican president cancels meeting with Trump in US Santelli Exchange: Will the national debt bomb explode? Around the Web Bloomberg Mnuchin Faces Senate Questions on China View, Volcker Rule, Debt NAR - Realtor.com Homeowners' Quest for the Best Schools Market Watch Bernanke says Fed shouldn't rush to sell assets Bloomberg Bonds and Stocks Might Not Be Singing to the Same Trump Tune Market Watch Yellen may be the foil of the Trump administration Calculated Risk Blog A few Comments on December New Home Sales CNBC From Aspen to the Hamptons, luxury home sales are in a slump CNBC Trump's eventual Fed chief is still going to be 'very dovish,' Jim Grant says CFPB Monitor Ballard Spahr to hold webinar on 2016 presidential election's effect on consumer financial services freddiemac.mwnewsroom.com Mortgage Rates Rise for First Time in 2017 Market Watch Treasury yields on track to rise for third straight day CNBC Jobless claims rise, labor market still tightening CNBC Should you retire with a mortgage or pay it off?

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