The ongoing improvement in mortgage performance hit a slight snag in the third quarter of 2018, one that appears to be disaster related. The Mortgage Bankers Association (MBA) said the National Delinquency Survey found the national delinquency rate grew by 11 basis points (bps) from the second quarter to 4.47 percent. This was, however an improvement of 41 bps from the same quarter in 2017. Foreclosure starts continued to decline, dropping 1 bp quarter-over-quarter to 0.23 percent, its lowest level since, not just the recession, but 1985. All loan types saw increased delinquencies for the quarter but were down year-over-year. For the quarter, the rate for conventional loans was also up 11 bps to 3.56 percent while the FHA rate rose 26 bps and the VA rate 19 bps to 8.96 percent and 4.16 percent

November 9, 2018 Download our Mobile App: Download our Mobile App: Rob Chrisman Vendor and Management Products; Fannie and Freddie Updates; LIBOR Replacement News Whether bond loans (we all know how management loves those), non-QM, reverse mortgages, or high loan to values, originators everywhere are working hard for their borrowers and being creative in a compliant manner. For example, from Minnesota Eric Ott... (read more) Housing News Delinquency Recovery Interrupted by Natural Disasters The ongoing improvement in mortgage performance hit a slight snag in the third quarter of 2018, one that appears to be disaster related. The Mortgage Bankers Association (MBA) said the National Delinquency Survey found the national delinquency rate g... (read more) MBS Commentary MBS Live Day Ahead: Not Expecting Fireworks Ahead of 3-Day Weekend Between the mid-term elections earlier this week and the simple tradeflow move following the Fed yesterday, bond markets have had their chance to make any necessary adjustments before the next big data point coming up next week.  CPI (the consum... (read more) Mortgage Rate Watch Mortgage Rates Edge Back Up to Early 2011 Levels Mortgage rates moved back up today, leaving them right in line with the highest levels of the week. These also happen to be the highest levels since early 2011, but let's not get bogged down in unfortunate details! Rates will definitely move lower at... (read more) Housing News Share of "Affordable" Homes Falls to 10-Year Low Housing affordability crept down again in the third quarter of 2018 reaching, according to the National Association of Home Builders (NAHB), a ten-year low. The NAHB/Wells Fargo Housing Opportunity Index (HOI) indicates that 56.4 percent of new and e... (read more) MBS Commentary MBS Live Recap: Fed Says Nothing New. Bonds Sell-Off Anyway It's hard not to give the Fed a wide berth as the biggest potential market mover on any given Fed day.  Today was a Fed day!  We talked about the outside possibility of the Fed statement having an impact on markets.  Markets indeed 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 98.85 -0.07 Price / Yield Change MBS UMBS 5.5 98.86 -0.07 UMBS 6.0 100.51 -0.05 GNMA 5.5 99.49 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 11:40PM EST 10 Year US Treasury 4.4567 +0.0179 Price / Yield Change US Treasury 2 YR Treasury 4.351 +0.001 5 YR Treasury 4.337 +0.011 7 YR Treasury 4.399 +0.012 10 YR Treasury 4.457 +0.018 30 YR Treasury 4.609 +0.026 Pricing as of: 11/14 11:40PM EST Latest Video Expect less pressure on the Fed next year, expert says Bond market staging for near-term pop: Bank of America Fed unveils first bank health report Around the Web NAHB Eye on Housing Softwood Lumber Price Decline Largest in Seven Years Calculated Risk Blog Q4 GDP Forecasts Calculated Risk Blog Hotels: Occupancy Rate Decreased Year-over-year consumerfinancemonitor.com Initial Release of Public Use File With Data From the National Survey of Mortgage Originations CNBC Homebuilders are facing a make-or-break level, according to charts CNBC Homebuilders are facing a make-or-break level, according to charts Reuters U.S. Fed to reconsider 'stress capital buffer' plan: official CNBC Wholesale inventories gain slightly more than expected in September CNBC Consumer sentiment hits 98.3 in November, vs. 98 estimate builderonline.com Affordable Housing Wins Big at Polls CNBC US producer prices jumped in Oct, its biggest monthly gain since 2012 Redfin Akron, Richmond and Buffalo Among the Eight Inland Housing Markets that are Heating Up as the Coasts Cool CNBC US Treasury yields lower after Fed decision; economic data in focus

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