Mortgage rates rose again today, adding to a nasty 2-day streak that's taken the average 30 yr fixed rate an eighth of a point higher. That's an uncommonly big 2-day move, and it brings rates to their highest levels since early July 2017. Of potentially more concern is the fact that the current rate spike is making an ominous suggestion about the broader trend. Specifically, the last 3 months of 2017 saw rates consolidate in a mostly-sideways pattern. We'd been waiting for a bigger break higher or lower. Although there were some early warning signs that the breakout would be to the upside, this week has all but confirmed it. The implication is for things to get worse before they get better. Loan Originator Perspectives Bond markets' recent sell-off accelerated today, as oil prices and stocks

January 9, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Highest in 6 Months Mortgage rates rose again today, adding to a nasty 2-day streak that's taken the average 30 yr fixed rate an eighth of a point higher. That's an uncommonly big 2-day move, and it brings rates to their highest levels since early July 2017. Of potentia... (read more) Housing News Lending Standards Becoming Tight For Government Loans A decline in each of its four component indices, especially the one measuring the availability of government-backed loans, drove overall mortgage credit availability lower in December according to the Mortgage Bankers Association (MBA). The group's M... (read more) MBS Commentary MBS Live Day Ahead: There is Inflation, If You Look For It, And It's Not Helping Bonds This commentary was delayed this morning due to several alerts posted on MBS Live.  If you're not a member and haven't checked it out, you should . Bonds are beginning the day with their biggest sell-off since January 2nd, but this one is ... (read more) Housing News Delinquency Rates Skewed by Hurricane Stricken States Mortgage delinquency rates continued to fall in October, with the national rate ticking down 0.1 percent and the percentage of non-current loans declining in all but three states. While perennial trouble spots Louisiana, Mississippi, New York, and Ne... (read more) Rob Chrisman New Branding; Servicing Rankings and News; Rates Edging Up “A sea change:” A radical change or transformation. One wouldn’t call last Friday’s note from the CFPB a sea change, but the fact that the Consumer Financial Protection Bureau announced that it will be re-evaluating expanded r... (read more) MBS Commentary MBS Live Recap: Still Fairly Sideways, but That Could Change This Week Bonds began the day in slightly stronger territory (emphasis on "slightly").  The overnight session was calm and thinly traded with Japan being out of the office for the day.  European bond trading helped set a positive tone for US bond m... (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 5:58PM EST 10 Year US Treasury 4.4487 -0.0153 Price / Yield Change US Treasury 2 YR Treasury 4.348 +0.075 5 YR Treasury 4.325 +0.025 7 YR Treasury 4.385 +0.013 10 YR Treasury 4.437 -0.027 30 YR Treasury 4.587 -0.047 Pricing as of: 11/14 5:58PM EST Latest Video Commodities tomorrow: Inventories, demand drive crude higher Oil in the first two quarters Santelli Exchange: Lazear on the labor market Around the Web CNBC How to know whether your business qualifies for that 20 percent tax break Reuters U.S. crude hits three-year high as oil prices climb on tighter market CNBC Tesla says solar roof production has started in Buffalo CNBC Trump says he'll sign DACA deal, pursue comprehensive immigration reform NAR - Realtor.com Want to Buy a New Home This Year? Check Out the 2018 New Construction Forecast Calculated Risk Blog Fed: Q3 2017 Household Debt Service Ratio Very Low, Starting to Increase Reuters Microsoft says security patches slowing down PCs, servers Reuters Flooding, mudslides force thousands to evacuate in Southern California Calculated Risk Blog Las Vegas Real Estate in December: Sales Down YoY, Inventory down 36% consumerfinancemonitor.com Washington, D.C. Amends Student Loan Servicing Regulations CNBC US employers posted fewer jobs in November for 2nd month Reuters Oil prices hit highest in nearly three years on tighter market NAHB Eye on Housing Property Tax Revenue Increases for 22nd Consecutive Quarter

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