The last few weeks have seen mortgage rates move in a far narrower range compared to the month and a half leading up to December 14th. That said, the general trend has been higher. Mortgage lenders tend to publish rates only on non-holiday business days. As such, today was the first day of the current week. Global markets were open on Monday, however, and Monday's trading led to U.S. rates starting out with headwinds before the day began. Tuesday's key calendar event--a Q&A with the Federal Reserve's Christopher Waller--put additional upward pressure on rates. The result is the average lender moving back up near the highest levels of the past several weeks, but not quite as high as the middle of last week. To put all of the above in perspective, rates were near 8% when the Nov/Dec rally began and fell into the 6.6s by December 14th. They're currently still well under 7%, meaning that a vast majority of the improvement has been retained despite the modest erosion.
| Mortgage Rate Watch | | Mortgage Rates Start The Week Back Near Recent Highs | | The last few weeks have seen mortgage rates move in a far narrower range compared to the month and a half leading up to December 14th. That said, the general trend has been higher. Mortgage lenders tend to publish rates only on non-holiday bus... (read more) |
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| MBS Commentary | | Waller Unintentionally Sends Yields Higher | | Waller Unintentionally Sends Yields Higher The most hotly anticipated calendar event at the start of this holiday-shortened week was a Q&A with the Fed's Christopher Waller, hosted by Brookings. The... (read more) |
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| 30 Yr. Fixed Rate | | 6.77% +0.08% |
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| Rate | Change | Points |
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| Mortgage News Daily | | 30 Yr. Fixed | 6.77% | +0.08 | 0.00 | | 15 Yr. Fixed | 6.00% | +0.05 | 0.00 | | 30 Yr. FHA | 6.10% | +0.10 | 0.00 | | 30 Yr. Jumbo | 7.00% | +0.02 | 0.00 | | 5/1 ARM | 6.20% | +0.01 | 0.00 | | 30 Yr. VA | 6.09% | +0.07 | 0.00 | | Updates Daily - Last Update: 1/16 |
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| 15 Yr. Fixed Rate | | 6.00% +0.05% |
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| Rate | Change | Points |
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| Freddie Mac | | 30 Yr. Fixed | 6.66% | +0.04 | 0.00 | | 15 Yr. Fixed | 5.87% | -0.02 | 0.00 | | Updates Weekly - Last Update: 1/11 |
| Rate | Change | Points |
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| Mortgage Bankers Assoc. | | 30 Yr. Fixed | 6.81% | +0.05 | 0.61 | | 15 Yr. Fixed | 6.41% | +0.15 | 0.55 | | 30 Yr. Jumbo | 6.98% | +0.12 | 0.43 | | Updates Weekly - Last Update: 1/10 |
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| UMBS 30YR 5.5 | | 100.09 -0.47 |
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| Price / Yield | Change |
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| MBS | | UMBS 5.5 | 100.09 | -0.47 | | UMBS 6.0 | 101.27 | -0.11 | | GNMA 5.5 | 100.50 | -0.39 | | GNMA 6.0 | 101.44 | -0.05 | | Pricing as of: 1/16 5:31PM EST |
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| 10 Year US Treasury | | 4.0580 +0.1170 |
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| Price / Yield | Change |
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| US Treasury | | 2 YR Treasury | 4.220 | +0.074 | | 5 YR Treasury | 3.932 | +0.100 | | 7 YR Treasury | 3.999 | +0.110 | | 10 YR Treasury | 4.058 | +0.117 | | 30 YR Treasury | 4.298 | +0.123 | | Pricing as of: 1/16 5:31PM EST |
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