Mortgage rates fell for the third straight day today. Each day has seen moderate improvement. Taken together, they add up to a strong move lower from last week's levels (which were roughly in the lower-middle of the post-election range). The result is that some lenders are at or near their lowest rates in nearly 3 MONTHS (yesterday it was 3 WEEKS). The average lender has only had 3 days during that time where rates were any better. There are plenty of opinions about what's behind this week's falling rates ranging from politics to last week's jobs report causing a shift in Fed rate hike expectations. All that matters is that investors have shifted to a more risk-averse stance resulting in better demand for less risky assets like bonds. Higher demand for bonds means lower rates. 4.125% remains

February 9, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Doing Very Well This Week Mortgage rates fell for the third straight day today. Each day has seen moderate improvement. Taken together, they add up to a strong move lower from last week's levels (which were roughly in the lower-middle of the post-election range). The result i... (read more) Housing News Strong Q4 Fuels More Price Peaks -NAR Prices in more than half of major metropolitan markets with available data are now at or above their previous price peaks after what the National Association of Realtors® (NAR) calls the best quarterly sales pace of the year. Existing home sales ... (read more) Rob Chrisman Lender's Disaster Updates; Servicing Deals; Bank M&A “Sometimes I wake up grumpy; other times I let him sleep.” Kids in NY are sleeping in since the schools are closed today. But if you worked for Deutsche Bank on the mortgage side you may not be sleeping well: the DOJ is probing people who... (read more) MBS Commentary MBS Live Day Ahead: After Strong 3 Days, Resistance Mounts To everything, there is a season. The sun also rises. Nothing lasts forever. Regardless of the words used to describe the phenomenon, there is undeniably a natural shift of energy that CAN take place when something has been happening in a ce... (read more) Housing News Home Purchase Sentiment Brightened in New Year Fannie Mae's Home Purchase Sentiment Index (HPSI) reversed a five-month long decline in January, posting a 2-percentage point increase . The Index, which summarizes consumer responses to six questions from Fannie Mae's monthly National Housing Survey... (read more) MBS Commentary MBS Live Recap: Bonds End Strong Despite Post-Auction Weakness Bonds made it 3 days in a row today--rallying to the best levels since mid-January.  In fact, apart from Jan 17th, today's closing yields were the lowest since late November! Why is all this happening?  That's a great question, judgin... (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 98.91 -0.02 Price / Yield Change MBS UMBS 5.5 98.83 -0.09 UMBS 6.0 100.49 -0.07 GNMA 5.5 99.47 -0.10 GNMA 6.0 100.63 -0.08 Pricing as of: 11/14 8:32PM EST 10 Year US Treasury 4.4388 -0.0252 Price / Yield Change US Treasury 2 YR Treasury 4.360 +0.010 5 YR Treasury 4.342 +0.016 7 YR Treasury 4.404 +0.017 10 YR Treasury 4.439 -0.025 30 YR Treasury 4.584 -0.050 Pricing as of: 11/14 8:32PM EST Latest Video More pain for bonds New legislation will target CFPB, bank rules: Memo Initial jobless claims drop 12K to 234,000 Around the Web CNBC Three Fed rate hikes reasonable for 2017, Evans says NAR - Realtor.com Attention First-Time Buyers: Here's the Key Stuff You Don't Know About Mortgages Market Watch Fed's Evans: Inflation has to hit 2% for central bank to maintain credibility Reuters Fed's Bullard says rates can remain low through 2017 freddiemac.mwnewsroom.com Mortgage Rates in Holding Pattern CFPB Monitor CFPB January 2017 complaint report highlights mortgage complaints Market Watch Capitol Report: It's premature to worry about a currency war, IMF says CNBC More unmarried couples say 'I do' to a mortgage Reuters U.S. jobless claims drop to near 43-year low CNBC Trader Talk: 5 reasons for the mini-rally in bonds National Housing Conference Housing advocacy needs a coordinated approach Market Watch Record $2 trillion of U.S. corporate debt comes due in the next 5 years Calculated Risk Blog Update: Framing Lumber Prices Up Year-over-year

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