twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
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.

Weak Week for Originators

Average 30-year 4.81%

Feb. 4, 2011


Mortgage rates inched up and could surge by the time next week's reports are delivered. As new activity softened, more borrowers opted for an adjustable rate.

Just 1 basis point higher than last week, the average 30-year fixed-rate mortgage was 4.81 percent in Freddie Mac's Primary Mortgage Market Survey for the week ended Feb. 4. The 30-year came in at 5.01 percent during the same week last year.

The spread between the conforming 30-year and the jumbo 30-year was cut to 70 BPS this week from 73 BPS last week based on the Mortech-Mortgage Daily Mortgage Market Index report for the week ended Wednesday.

The yield on the 10-year Treasury, which tends to be followed by mortgage rates, closed at 3.58 percent Thursday, according to data published by the Department of the Treasury. A week earlier, the 10-year yielded 3.42 percent. The 16-basis-point increase suggests that mortgage rates -- which moved nominally higher this week -- will likely surge in next week's reports.

Mortgage rates will be increasing at least 3 BPS over the next week based on panelists' predictions at, with 59 percent of those surveyed for the week Feb. 3 to Feb. 9 forecasting a rise. No change was projected by 35 percent, and 6 percent expected a decline.

Moving 1 basis point in the opposite direction as the 30-year, Freddie quoted the average 15-year fixed-rate mortgage at 4.08 percent, lower than 4.09 percent seven days earlier.

Freddie said that the average five-year Treasury-indexed adjustable-rate mortgage was 3.69 percent, also 1 basis point below last Thursday.

No change occurred with the one-year ARM, which averaged 3.26 percent, Freddie said. The one-year was better, however, than 4.22 percent at the same point last year. Its index, the yield on the one-year Treasury, climbed to 0.29 percent yesterday from 0.25 percent last Thursday, the Treasury Department reported. The six-month LIBOR was unchanged on Wednesday from a week earlier at 0.46 percent, according to

ARMs accounted for 5.5 percent of activity in the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ended Jan. 28. The share was 5.2 percent seven days earlier.

New mortgage activity was down 15 percent this week based on the Mortgage Market Index. The refinance share rose to 51 percent from the previous week's 49 percent as purchases had a sharper decline than refinance transactions.

Sam Garcia worked in mortgage lending for twenty years prior to becoming publisher of in 2000.

[email protected]

Mortgage Market Index
A barometer of upcoming originations, the Mortgage Market Index includes data on jumbo, FHA and refinance activity.

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.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders