The share of purchase loans originated in March climbed to 63 percent of all originations from 57 percent in February. Ellie Mae's Origination Insight Report for the month noted that this was the highest share for purchase mortgages since July 2016 when they made up 65 percent of the total. The average time to close all loans decreased to 43 days in March, down from 46 days in February, the shortest time to close since February of 2015. Similarly, the time to close a refinance dropped to 43 days from 47 days and the timeline for a purchase mortgage was 43 days, down from 45 days in February. All types of loans had shorter timelines. Closing or pull-through rates were lower for all loan types except FHA refinances. The rate for all loans fell from 70.6 percent in February to 67.9 percent. The

April 21, 2017 Download our Mobile App: Download our Mobile App: Housing News Lenders Speed Up Loan Processing -Ellie Mae The share of purchase loans originated in March climbed to 63 percent of all originations from 57 percent in February. Ellie Mae's Origination Insight Report for the month noted that this was the highest share for purchase mortgages since July 2016 w... (read more) Housing News Existing Home Sales Highest Since 2007 Sales of existing homes surged in March to a seasonally adjusted annual rate of 5.71 million, rising 4.4 percent from an unexpected decline in February, and reaching the highest level in nearly ten years. The National Association of Realtors said the... (read more) Rob Chrisman Servicing News; Fannie/Freddie News; Another Blow for Ocwen The origins of job interviews? Here you go . And speaking of employment, yesterday the commentary mentioned companies coming and going. Here in Florida, thank you to Genworth's Karen M. for passing along Sir Richard Branson's well-written tribute to ... (read more) Mortgage Rate Watch Mortgage Rates End Week Roughly Unchanged Mortgage rates were sideways to slightly higher this week as global financial markets braced for volatility surrounding this weekend's French election. While it may seem like a world away from the domestic mortgage market, events that potentially imp... (read more) MBS Commentary MBS Live Day Ahead: Dearth of Data as Bonds Wait For Weekend Events It remains to be seen whether all the hype is justified, but for whatever reason, markets are transfixed by this weekend's French election.  Several recent polls indicate that Marine Le Pen has no chance while several other polls suggest it's ... (read more) MBS Commentary MBS Live Recap: More Focus on Europe. More Weakness For Bonds Europe has been the driving force for US bond markets over the past 2 days.  Perhaps this will continue to be the case or perhaps it's simply due to US bond markets reaching an important technical level and hopping on to the nearest bandwagon ... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.02% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.02% +0.01 0.00 15 Yr. Fixed 6.37% 0.00 0.00 30 Yr. FHA 6.30% -0.02 0.00 30 Yr. Jumbo 7.20% 0.00 0.00 7/6 SOFR ARM 6.99% +0.04 0.00 30 Yr. VA 6.32% -0.02 0.00 Updates Daily - Last Update: 11/14 15 Yr. Fixed Rate 6.37% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.78% -0.01 0.00 15 Yr. Fixed 5.99% -0.01 0.00 Updates Weekly - Last Update: 11/14 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 98.84 -0.16 Price / Yield Change MBS UMBS 5.5 98.92 -0.08 UMBS 6.0 100.58 -0.05 GNMA 5.5 99.58 -0.08 GNMA 6.0 100.70 -0.12 Pricing as of: 11/14 5:57PM EST 10 Year US Treasury 4.4487 -0.0153 Price / Yield Change US Treasury 2 YR Treasury 4.348 +0.075 5 YR Treasury 4.331 +0.031 7 YR Treasury 4.385 +0.013 10 YR Treasury 4.441 -0.023 30 YR Treasury 4.591 -0.043 Pricing as of: 11/14 5:57PM EST Latest Video Fed's Fischer: Important not to forget the financial crisis IIF CEO: We're not calling for Dodd-Frank repeal, just tweaked Could economic data be in danger? Around the Web CNBC Government shutdown would create mortgage roadblocks CNBC Trump says he will release tax reform package next week, says it will be bigger than 'any tax cut ever' Calculated Risk Blog A Few Comments on March Existing Home Sales consumerfinancemonitor.com CFPB proposes revisions to HMDA final rule CNBC Fed's Fischer: Still anticipate 3 rate hikes this year, though 'we're not tied to' that Bloomberg Analyst Who Predicted Trump's Ascendancy Bets on Le Pen Win Calculated Risk Blog Black Knight: Mortgage Delinquencies Declined in March to 11 Year Low Market Watch This is what homeowners did with their savings on variable mortgage rates CNBC Cincinnati sues seller of foreclosed homes, claiming predatory acts consumerfinancemonitor.com House to hold hearing on revised Financial CHOICE Act CNBC Treasury's Mnuchin: We're 'pretty close' to bringing forward 'major tax reform' NAR - Realtor.com Why the Exurbs Are Poised to Take Off in the Coming Years CNBC How to use this new formula to boost your credit score

© 2024  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.