Daily Newsletter: Home Prices Unstoppable; 2-Week Low Rates; CFPB’s New Warning System

View this Report in your Web Browser | Forward to a Friend | Subscribe
dailynewsletter.png
30 Year Fixed
3.97% -0.05
15 Year Fixed
3.27% -0.04
10YR Treasury
2.38% +0.0090
FNMA 30YR 3.5
102.75 -0.06
FNMA 15YR 2.5
102.41 -0.08
View Today’s Rates
Tuesday October 31, 2017
MND NewsWire – 10:14AM
Home Prices Appear Unstoppable
It is increasingly hackneyed to say it, but home price appreciation accelerated yet again in August. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers …
Mortgage Rate Watch – 3:49PM
Mortgage Rates Down to 2-Week Lows
Mortgage rates continued lower today, despite an absence of improvement in underlying bond markets. That’s not too surprising considering the average lender didn’t fully adjust yesterday …
MND NewsWire – 12:47PM
Homeownership Stuck in Neutral as Rents Rise
The overall homeownership rate barely budged in the third quarter of 2017, and remains only 1 percentage point above its all-time low reached in the second quarter of last year. The …
MND NewsWire – 9:23AM
CFPB Unveils Early Warning System for Mortgage Delinquencies
A new tool to measure the nation’s largest consumer credit market came on-line this week. The new Mortgage Performance Trends tool, launched by the Consumer Financial Protection Bureau …

Latest Video


Homebuilder creates school to help ease labor shortage

Expect two more quarters of 3% growth before an economic plateau: OppenheimerFunds CIO

Fed survey: 93% predict a third interest rate hike in December

More News from ‘Around the Web’

newsletter_2D00_mbslive.png

Today’s Rates

Best Execution hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 3.97% -0.05
15 Yr FRM 3.27% -0.04
FHA 30 Year Fixed 3.60% -0.10
Jumbo 30 Year Fixed 4.16% -0.05
5/1 Yr ARM 3.17% -0.03

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 3.45% 1.22 -0.02
30 Yr. Fixed 4.14% 1.32 -0.01
MBA ** hdr_arrow.png
30 Yr. Fixed 4.06% 0.38 -0.05
15 Yr. Fixed 3.34% 0.38 -0.02
30 Yr. Jumbo 3.96% 0.20 -0.04
30 Yr. FHA 3.98% 0.35 -0.04
5/1 ARM 3.14% 0.31 -0.12
Freddie Mac ** hdr_arrow.png
Current Mortgage Rates »
* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
30 Yr. Fixed 3.94% 0.50 +0.06
15 Yr. Fixed 3.25% 0.50 +0.06
1 Yr. ARM 2.68% 0.20 +0.01
5/1 Yr. ARM 3.21% 0.40 +0.04

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 100.02 -0.09
30YR FNMA 3.5 102.75 -0.06
30YR GNMA 3.0 101.09 -0.13
30YR GNMA 3.5 103.77 -0.09
15YR FNMA 3.0 102.41 -0.08
15YR FNMA 2.5 100.39 -0.08
Treasuries hdr_arrow.png
Yield Change
Current MBS / Treasury Prices »
MBS and Treasury data provided by Thomson Reuters.
Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information.
Secondary Marketing Managers:
If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information
TR_Eikon_Email.png
2 YR 1.5997% +0.0240
5 YR 2.0165% +0.0214
10 YR 2.3793% +0.0090
30 YR 2.8786% -0.0040
Prices as of: 10/31/2017 4:49PM EST

23623981

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice.
© 2017 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031
View this Report in your Web Browser | Forward to a Friend | Subscribe
You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

MBS RECAP: Uncharacteristically Quiet Month-End Trading Session

Before you read it here, it was on MBS Live.
28-Day Free Trial

MBS RECAP: Uncharacteristically Quiet Month-End Trading Session

Posted to: MBS Commentary
Tuesday, October 31, 2017 4:48 PM

Forward this email: Send a copy of this story to someone you know that may want to read it.

Today was the last day of trading for the month of October. That means money managers had to get a certain amount of bond buying accomplished in order to match their portfolios to the bond indices included in their funds. While much of this month-end position shuffling is accomplished in the preceding days, the final day of any given month typically sees a surge of volume (and sometimes volatility) as the remaining compulsory trades are executed.

All we got today was a small uptick in volume just before the unofficial 3pm closing bell for bond markets. Apart from that, …

(READ THE FULL POST)

More from MND:

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/mortgage_rates/blog/812619.aspx

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

Daily Rate Update: Mortgage Rates Down to 2-Week Lows

View this Report in your Web Browser | Forward to a Friend | Subscribe
dailyrateheader.png
30 Year Fixed
3.97% -0.05
15 Year Fixed
3.27% -0.04
10YR Treasury
2.38% +0.0072
FNMA 30YR 3.5
102.75 -0.06
FNMA 15YR 2.5
102.42 -0.06
View Today’s Rates
Mortgage Rates Down to 2-Week Lows
October 31, 2017
Mortgage rates continued lower today, despite an absence of improvement in underlying bond markets. That’s not too surprising considering the average lender didn’t fully adjust yesterday’s rates to reflect market improvements. Unlike yesterday, today was essentially flat for bond markets as investors prepare for 2 days of information from and about the Fed.

Tomorrow brings the Fed’s official policy announcement. While Fed announcements certainly CAN have a lot of impact on rates, that isn’t terribly likely to be the case tomorrow. Investors are almost certain the Fed won’t move rates at this meeting and instead opt to do so at the December meeting.

Of greater importance (and of more interest to investors) is Trump’s pick to replace Janet Yellen as the Chair of the Federal Reserve. That announcement is expected on Thursday. While markets are expecting Powell to get the nod, there’s likely some more room for rates to improve once that rumor is confirmed (bonds, and thus “rates,” favor Powell over the other frontrunner).

Loan Originator Perspective

I mentioned yesterday that pricing didn’t yet reflect Fri/Monday’s full gains, so floating overnight might be advised. Low and behold, despite remarkably flat bond markets (and some upbeat economic data), my pricing today improved. The $20 question is whether today’s lack of movement is the end of our rally or a pause in it. I’d say 60% end, 40% pause. Floaters be advised. –Ted Rood, Senior Originator

With the benchmark 10 year note unable to break below 2.36, i think i would take this opportunity to lock in the recent gains. I have a few clients within 15 days that will definitely be locking today. –Victor Burek, Churchill Mortgage

Today’s Most Prevalent Rates

  • 30YR FIXED – 4.0%
  • FHA/VA – 3.75%
  • 15 YEAR FIXED – 3.375%
  • 5 YEAR ARMS – 2.75 – 3.25% depending on the lender


Ongoing Lock/Float Considerations

  • 2017 had proven to be a relatively good year for mortgage rates despite widespread expectations for a stronger push higher after the presidential election in late 2016.
  • While rates remain low in absolute terms, they’ve moved higher in a more threatening way heading into the 4th quarter, relative to the stability and improvement seen earlier in 2017
  • The default stance for now is that this trend toward higher rates has the potential to continue. It will take more than a few great days here and there for that outlook to change.
  • For weeks, this bullet point had warned about recent stability inviting a bigger dose of volatility. That volatility is now here. As such, locking is generally the better choice until the volatility is clearly dying down.
  • Rates discussed refer to the most frequently-quoted, conforming, conventional 30yr fixed rate for top tier borrowers among average to well-priced lenders. The rates generally assume little-to-no origination or discount except as noted when applicable. Rates appearing on this page are “effective rates” that take day-to-day changes in upfront costs into consideration.

30 Year Fixed Rate Mortgage
31?w=360
15 Year Fixed Rate Mortgage
31?w=360&p=15YRFRM

Co-branding this Report
Enable co-branding to personalize this report with your business information here. Learn more about co-branding with NO competitor ads.

Today’s Rates

Best Execution hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 3.97% -0.05
15 Yr FRM 3.27% -0.04
FHA 30 Year Fixed 3.60% -0.10
Jumbo 30 Year Fixed 4.16% -0.05
5/1 Yr ARM 3.17% -0.03

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 3.45% 1.22 -0.02
30 Yr. Fixed 4.14% 1.32 -0.01
MBA ** hdr_arrow.png
30 Yr. Fixed 4.06% 0.38 -0.05
15 Yr. Fixed 3.34% 0.38 -0.02
30 Yr. Jumbo 3.96% 0.20 -0.04
30 Yr. FHA 3.98% 0.35 -0.04
5/1 ARM 3.14% 0.31 -0.12
Freddie Mac ** hdr_arrow.png
Current Mortgage Rates »
* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
30 Yr. Fixed 3.94% 0.50 +0.06
15 Yr. Fixed 3.25% 0.50 +0.06
1 Yr. ARM 2.68% 0.20 +0.01
5/1 Yr. ARM 3.21% 0.40 +0.04

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 100.03 -0.08
30YR FNMA 3.5 102.75 -0.06
30YR GNMA 3.0 101.11 -0.11
30YR GNMA 3.5 103.78 -0.08
15YR FNMA 3.0 102.42 -0.06
15YR FNMA 2.5 100.41 -0.06
Treasuries hdr_arrow.png
Yield Change
Current MBS / Treasury Prices »
MBS and Treasury data provided by Thomson Reuters.
Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information.
Secondary Marketing Managers:
If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information
2 YR 1.5997% +0.0240
5 YR 2.0149% +0.0198
10 YR 2.3775% +0.0072
30 YR 2.8762% -0.0064
Prices as of: 10/31/2017 4:47PM EST

TR_Eikon_Email.png

About This Report
Mortgage News Daily is a trusted source of mortgage rate market data and analysis, with over 1 million readers each month. Unlike many rate surveys, our survey is conducted on a daily basis and is designed to bring you the most current and accurate rate data available. We use a proprietary formula to calculate averages based on best-execution rates from top lender’s rate sheets, also taking into account feedback from hundreds of mortgage market professionals around the country.
© 2017 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031
View this Report in your Web Browser | Forward to a Friend | Subscribe
This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates presented in this report are averages and are subject to change without notice.
You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

Homeownership Stuck in Neutral as Rents Rise

Homeownership Stuck in Neutral as Rents Rise

Posted to: MND NewsWire
Tuesday, October 31, 2017 12:26 PM

Forward this email: Send a copy of this story to someone you know that may want to read it.

The overall homeownership rate barely budged in the third quarter of 2017, and remains only 1 percentage point above its all-time low reached in the second quarter of last year. The U.S. Census Bureau put the current rate at 63.9 percent. In the second quarter of 2017 63.7 percent of households owned a home. The stubbornly low rate has troubled economists and other analysts, with some saying we could be becoming a nation of renters. The rate peaked at 69.2 percent in both the second and fourth quarters of 2004 and has trended down ever since.

(READ THE FULL POST)

More from MND:

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/10312017_homeownership_and_vacancies.asp

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

Home Prices Appear Unstoppable

Home Prices Appear Unstoppable

Posted to: MND NewsWire
Tuesday, October 31, 2017 9:47 AM

Forward this email: Send a copy of this story to someone you know that may want to read it.

It is increasingly hackneyed to say it, but home price appreciation accelerated yet again in August. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, increased by 6.1% on a year-over-year basis, outpacing annual increase reported for July by 0.2 percentage point. It was the largest gain thus far in 2017. The non-seasonally adjusted increase on a monthly basis did slow slightly; the gain was 0.5 percent compared to 0.7 percent from June to July. There was an 0.5 percent increase after seasonal adjustment as well.

(READ THE FULL POST)

More from MND:

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/10312017_case_shiller_indices.asp

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

MBS Day Ahead: Shifting Into Holding Pattern Ahead of Week’s Bigger Events

Before you read it here, it was on MBS Live.
28-Day Free Trial

MBS Day Ahead: Shifting Into Holding Pattern Ahead of Week’s Bigger Events

Posted to: MBS Commentary
Tuesday, October 31, 2017 9:12 AM

Forward this email: Send a copy of this story to someone you know that may want to read it.

While the broader uptrend in rates remains technically intact, the first trading day of the week pushed back in a friendly direction. In fact, it was a continuation of a 2-day move that technically began with solid gains on Friday, thus inviting the question “is this the big bounce?”

Rather than assume this is a reversal of the negative momentum that’s been intact since the beginning of September, the safer plan for now is to view it as a consolidation ahead of the bigger decisions. We’ll need to hear from Trump on the Fed Chair nomination before becoming too…

(READ THE FULL POST)

More from MND:

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/mortgage_rates/blog/812299.aspx

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

CFPB Unveils Early Warning System for Mortgage Delinquencies

CFPB Unveils Early Warning System for Mortgage Delinquencies

Posted to: MND NewsWire
Tuesday, October 31, 2017 8:42 AM

Forward this email: Send a copy of this story to someone you know that may want to read it.

A new tool to measure the nation’s largest consumer credit market came on-line this week. The new Mortgage Performance Trends tool, launched by the Consumer Financial Protection Bureau (CFPB) has the capacity to track the delinquencies in the $10 trillion mortgage market both locally and nationwide.CFPB said that knowing when consumers have fallen behind in their mortgage payments is important to assessing the health of mortgage markets nationwide and locally. The new tool tracks those rates and currently shows delinquency rates at their lowest points since the financial crisis.

(READ THE FULL POST)

More from MND:

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/10312017_mortgage_delinquencies.asp

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.