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Mortgage Rate News
Mortgage Market Index | make rates your home page | advertise
ARM Index Table | Treasury Market Snapshot
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Current Interest Rate News and Stories
| Last Updated |
Friday, May 17, 2013 |
06:35 PM |
Texas Time |
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Purchase Financing Defies Overall Weekly Slump
Although overall new mortgage activity was slower this week, purchase financing was up, albeit only slightly. Adjustable-rate mortgage activity also ticked higher.
A 7 percent decrease from last week left the U.S. Mortgage Market Index from LoanSifter and Mortgage Daily for the week ended May 17 at 256. The index, which is based on average pricing inquiries per LoanSifter user, was up 9 percent from the same week in 2012.
The year-earlier data was revised to reflect a change in data providers earlier this year.
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Mortgage Rates Jump But Could Retreat
Strong economic reports this week pushed mortgage rates higher. But Treasury market activity suggests that most of the increase could be wiped out in the next report.
Mortgage Business Slows as Rates Rise
Loan originators were a little less busy this week as interest rates moved higher. The hardest-hit categories were adjustable-rate mortgages and refinances. Mortgage rates look to be headed higher.
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Rates Rise, While 15-Year More Attractive
Mortgage rates moved higher this past week thanks to a strong employment report. Jumbo mortgages lost some of their luster this week, while short-term loans were more competitive.
MTA Falls, Could Move Lower
With the recent rally in the Treasury market, the Monthly Treasury Average moved lower and is already well on its way to another decline this month.
Mortgage Employment Expands 10%
Staffing among mortgage lenders and mortgage brokers has expanded by more than 10 percent over the past year. Meanwhile, positive government data about overall U.S. employment took an immediate toll on mortgage rates.
Mortgage Rates Teeter Near Record Lows
Fixed mortgage rates settled at or near their all-time lows this week, and there is little indication that they will increase in the upcoming report.
Fed to Hold Rates Down
Mortgage rates aren't likely to be pressured by the Federal Reserve, with the nation's central banker continuing to maintain its policy of keeping interests rates ultra-low.
COFI Teetering Near Record Low
The Cost of Funds Index fell to within a single basis point of its lowest level on record. Also improving was the yield on the one-year Treasury note.
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Yield Spread Premiums
Yield spread premium issues, studies and lawsuits. Mortgage wholesaler YSPs paid to mortgage brokers.
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Mortgage Market Index
A barometer of upcoming originations, the Mortgage Market Index includes data on jumbo, FHA and refinance activity. |
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Refinance News | Refinance Share Statistics
News about refinancing programs, pricing and production. Stories about the H o m e
Affordable Refinance Program, H A R P 2.0 and other Making Home Affordable coverage.
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Mortgage Rate News | Mortgage Market Index | ARM indices | ARM Statistics
Average fixed and ARM rates. Rate forecasts. Quotes on ARM indexes including COFI, MTA, LIBOR & Treasuries. Rate reset studies and reports. Mortgage rate litigation.
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