As interest rates rise and refinancing declines, the impact is beginning to manifest in the loan prepayment rate . The single month mortality rate (SSM) followed a 15 percent decline in January with another 9 percent loss in February. Black Knight says, in its "first look" at February loan performance data, that the SSM during the month was 0.72 percent, the lowest since 2014. After dropping sharply in the prior month, improvement in the national delinquency rate slowed in February. Black Knight said there was only a 0.21 percent month-over-month decline in the rate of loans 30 or more days past due, but not in foreclosure. Those delinquencies declined by 4,000 to 2.198 million, 4.30 percent of all active mortgages. Delinquencies were up on an annual basis , rising by 2.10 percent or 63,000

March 22, 2018 Download our Mobile App: Download our Mobile App: Housing News Black Knight: Prepayments are Falling, Hurricane Effect Lingers As interest rates rise and refinancing declines, the impact is beginning to manifest in the loan prepayment rate . The single month mortality rate (SSM) followed a 15 percent decline in January with another 9 percent loss in February. Black Knight sa... (read more) Housing News Ignoring Trend, Home Prices Surged in January Home prices took a big leap in January , at least according to the Federal Housing Finance Agency's (FHFA's) seasonally adjusted House Price Index (HPI). The 0.8 percent increase from December was the largest since last February and reversed what had... (read more) Housing News "Significant" Reduction in Closing Times - Ellie Mae The 5-point surge in the share of refinancing loans that closed in January didn't survive the month. Ellie Mae's Origination Insight Report shows that share dropped from 45 percent to 43 percent in February. Refinancing lost market share for both VA ... (read more) MBS Commentary MBS Live Day Ahead: Brace For Nonsense in The News One of my favorite things to do is to push back on news media bandwagons with indignation and incredulity.  Today provides a great opportunity for that because stocks are starting off weaker and most media outlets seem to be focused on the wrong... (read more) Rob Chrisman Insurance Products; Trends in Servicing Sales; State's $0 Down Payment Offer “Skin in the game” is a key component for lower delinquency and foreclosure rates, as borrowers have come up with required down payments. Mortgage investors like that kind of thing. But news broke that Massachusetts has now launched a &ld... (read more) MBS Commentary MBS Live Recap: After Miraculous Recovery, Bonds Upgraded to "Not Quite Dead" If you're not up to speed on a few of the funniest scenes from Monty Python and The Holy Grail, this analogy is going to be tough to follow.  In the interest of not posting a link that could eventually die (you never know with copyrighted materi... (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 -0.08 Price / Yield Change MBS UMBS 5.5 98.84 -0.08 UMBS 6.0 100.50 -0.06 GNMA 5.5 99.47 -0.09 GNMA 6.0 100.64 -0.07 Pricing as of: 11/15 12:01AM EST 10 Year US Treasury 4.4606 +0.0218 Price / Yield Change US Treasury 2 YR Treasury 4.350 0.000 5 YR Treasury 4.340 +0.014 7 YR Treasury 4.403 +0.016 10 YR Treasury 4.460 +0.021 30 YR Treasury 4.613 +0.030 Pricing as of: 11/15 12:01AM EST Latest Video Fed needs to be pragmatic: Bill Gross Powell on same path as Yellen, says strategist Powell: Neutral rate of interest is still quite low Around the Web NAR - Realtor.com Home Buyers Are Raring to Go, Planning Strategies as Spring Market Heats Up Brookings Institution Hutchins Roundup: Congestion pricing, aging population and automation, and more Calculated Risk Blog Housing Inventory Tracking Bloomberg Bond Market Signals Powell's Fed Debut Merely a Risk That Passed CNBC The bond market is doing something it's never done before, and it could stop the Fed in its tracks Freddie Mac Freddie Mac March 2018 Outlook NPR President Trump Orders $50 Billion Tariffs On China The Basis Point Linkage: are home sales immune to rising rates? CNBC Financial markets are not ready for a 'dangerous' trade war Calculated Risk Blog Kansas City Fed: Regional Manufacturing Activity "Continued at a Solid Pace" in March Bloomberg BOE Keeps Interest Rate Unchanged as Minority Urges Hike CNBC Rents are rising at the fastest pace in almost two years Freddie Mac Mortgage Rates Hold Steady After Last Week's Drop

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