A strong fourth quarter helped push mortgage originations for the whole of 2016 to the highest level in four years . Black Knight's Mortgage Monitor reports that total first lien originations rose 17 percent over originations in 2015 to $2.1 trillion. Refinancing volume was up 22 percent over the 12-month period and purchase mortgage originations increased by 13 percent. It was the second straight year in which the percentage of purchase originations rose by double digits . The total of $1.1 trillion in purchase mortgages was the highest since 2006, but fell 28 percent short of the peak in such mortgages which was reached by originations in 2005. Refinancing totaled more than $1 trillion as well, and was the highest annual volume since 2013. In the fourth quarter alone the refinancing totaled

March 6, 2017 Download our Mobile App: Download our Mobile App: Housing News 2016 Originations Set Four-Year High A strong fourth quarter helped push mortgage originations for the whole of 2016 to the highest level in four years . Black Knight's Mortgage Monitor reports that total first lien originations rose 17 percent over originations in 2015 to $2.1 trillion... (read more) Rob Chrisman Primer on 30-Year Bond Supply, Demand, and Yield; Training and Events Welcome to national White Chocolate Cheesecake Day, and Oreo Cookie Day, both of which usually have gluten. Like gluten, most people don’t precisely know what blockchain is, or even if it should be capitalized. Blockchain (a distributed databas... (read more) MBS Commentary MBS Live Week Ahead: Light Data, But NFP Friday--Will it Matter? Last week saw economic data take a definitive back seat to Fed speeches --particularly Tuesday's comments from NY Fed President Dudley.  It wasn't that Dudley said anything that other Fed speakers hadn't.  Rather it was a combination of fa... (read more) Mortgage Rate Watch Mortgage Rates Rise For 5th Straight Day Mortgage rates rose by the smallest amount of the week today, but they rose nonetheless. That caps a streak of 5 straight days spent moving in an unfriendly direction. The caveat is that we continue to deal with an overall range that is generally ver... (read more) MBS Commentary MBS Live Recap: Bonds Bounce Back After Yellen Confirms Rate Hike Economic data was stronger this morning with the best ISM Manufacturing "business activity" reading since 2011.  Along with comments from Fed's Powell, this kept the pressure on rates heading into the afternoon. Then, in a classic case of "... (read more) Rob Chrisman Record Bank Earnings, Basel Update; Appraisal and Collateral Trends For me the last few weeks included travel to events in Florida, Texas, Southern California, and now The Mortgage Collaborative’s event in Arizona. And although I wouldn’t describe the mood as “vivacious” out there ("keeping ou... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.01% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.01% -0.01 0.00 15 Yr. Fixed 6.37% -0.02 0.00 30 Yr. FHA 6.32% -0.08 0.00 30 Yr. Jumbo 7.20% 0.00 0.00 7/6 SOFR ARM 6.95% -0.03 0.00 30 Yr. VA 6.34% -0.09 0.00 Updates Daily - Last Update: 11/13 15 Yr. Fixed Rate 6.37% -0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 6.79% +0.07 0.00 15 Yr. Fixed 6.00% +0.01 0.00 Updates Weekly - Last Update: 11/7 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly - Last Update: 10/30 MBS / Treasuries UMBS 30YR 5.5 98.85 -0.16 Price / Yield Change MBS UMBS 5.5 98.87 -0.13 UMBS 6.0 100.49 -0.13 GNMA 5.5 99.53 -0.13 GNMA 6.0 100.72 -0.10 Pricing as of: 11/14 1:29AM EST 10 Year US Treasury 4.4753 +0.0113 Price / Yield Change US Treasury 2 YR Treasury 4.313 +0.040 5 YR Treasury 4.332 +0.032 7 YR Treasury 4.407 +0.035 10 YR Treasury 4.471 +0.007 30 YR Treasury 4.648 +0.014 Pricing as of: 11/14 1:29AM EST Latest Video Expect 'one-a-year' Yellen hike in 2017: Pro Factory orders up 1.2% in January Fed's big rate hike hint for March Around the Web CNBC Why the Fed's almost-certain rate hike is even an bigger deal than normal Calculated Risk Blog February NFP Forecasts Market Watch Flood of negative-yielding bonds shows signs of abating Bloomberg Morgan Stanley Is Begging the Fed to Let Go of the Market's Hand CFPB Monitor Motion filed by U.S. seeking leave to file amicus brief by March 17 signals support for PHH CNBC Watch: HUD Secretary Carson addresses employees Redfin Compared to Last Year, Homebuyers Are More Inclined to Buy Now CNBC Here's why Warren Buffett thinks you should buy a home wellsfargo.com Wells Fargo Survey: Construction Industry Executives Expect Increased Activity in 2017 Bloomberg How the Rest of the World Paved the Way for a March Fed Hike NAR - Realtor.com Top 10 Affordable Small Towns Where You'd Actually Want to Live, 2017 Edition CNBC Bond investors gear up for potential rate hike; auctions in focus CNBC French yields and the euro under pressure on more political jitters

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