Mortgage Rate Watch

No, Mortgage Rates Aren't Lower This Week. They're Actually Back Over 7%

Mortgage rates were refreshingly lower at the beginning of the week with most lenders continuing to improve through Tuesday afternoon. Much has changed since then. In fact, the average lender is once again above 7% for top tier convention... (read more)

MBS Commentary

Weakest Levels of The Week Ahead of Jobs Report (Updated Video.... for real this time)

Weakest Levels of The Week Ahead of Jobs Report Bonds sold off mid-morning after starting off relatively flat. The economic data argued against bond selling, so it fell to a B-list of unlikely suspects ... (read more)

Rob Chrisman

Rate Lock Index, Warehouse Optimization, Audit, Sales Tools; Company Sponsored Training

One can always focus on lending activity hitting a 25-year low, or the once mighty loanDepot reducing its own liquidity or handing raises out to executives, or Better.com’s CEO back in the headlines. So let’s veer off the mortgage track for a bit. No... (read more)

Rate

Change

Points

Mortgage News Daily

30 Yr. Fixed

7.04%

+0.09

0.00

15 Yr. Fixed

6.15%

+0.10

0.00

30 Yr. FHA

6.62%

+0.10

0.00

30 Yr. Jumbo

6.03%

+0.08

0.00

5/1 ARM

6.37%

+0.15

0.00

30 Yr. VA

6.68%

+0.08

0.00

Updates Daily - Last Update: 10/6

Rate

Change

Points

Freddie Mac

30 Yr. Fixed

6.66%

-0.04

0.80

15 Yr. Fixed

5.90%

-0.06

1.00

5/1 Yr. ARM

5.36%

+0.06

0.30

Updates Weekly - Last Update: 10/6

Mortgage Bankers Assoc.

30 Yr. Fixed

6.75%

+0.23

0.95

15 Yr. Fixed

5.96%

+0.26

1.08

30 Yr. Jumbo

6.14%

+0.13

0.79

Updates Weekly - Last Update: 10/5

Price / Yield

Change

MBS

UMBS 5.0

97.41

-0.64

UMBS 5.5

99.42

-0.64

GNMA 5.0

97.95

-0.63

GNMA 5.5

100.03

-0.70

Pricing as of: 10/6 5:41PM EST

Price / Yield

Change

US Treasury

2 YR Treasury

4.256

+0.110

5 YR Treasury

4.072

+0.108

7 YR Treasury

3.969

+0.094

10 YR Treasury

3.828

+0.073

30 YR Treasury

3.788

+0.037

Pricing as of: 10/6 5:41PM EST