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.

Mortgage Rates Rise, Set to Soar

30-year fixed rates average 3.57%

Nov. 10, 2016

By SAM GARCIA Mortgage Daily

portrait of Sam Garcia

Before the impact of the presidential election, mortgages rates were already rising. In the next report, fixed interest rates are likely to leap.

In the Primary Mortgage Market Survey from Freddie Mac for the week ended Nov. 10, thirty-year fixed rates averaged 3.57 percent.

The last time that the secondary lender had 30-year fixed rates this high was in the week ended June 9, when the average was 3.60 percent.

Mortgage interest rates increased from 3.54 percent one week previous but declined from 3.98 percent a year previous.

Freddie Mac Chief Economist Sean Becketti explained that the latest rates reflect pre-election market conditions.

Joe Farr, director at MBSQuoteline, said in a written statement that mortgage rates have risen around an eighth of a percent since Freddie's survey was conducted.

Mortgage Daily's analysis of Treasury market activity suggests that fixed mortgage rates are likely to be around 22 basis points worse in Freddie's next survey.

Half of panelists surveyed for the week Nov. 10 to Nov. 16 agreed with Mortgage Daily's forecast that rates will rise. No change was predicted by 40 percent, and a 10th expect rates to decline at least 3 BPS.

The jumbo-conforming spread was 7 BPS in the the U.S. Mortgage Market Index report from OpenClose and Mortgage Daily in the week ended Nov. 4, the same as the previous week.

At 2.88 percent in Freddie's survey, 15-year fixed rates were 4 BPS higher than in the week ended Nov. 3. Freddie's data indicate that the spread between 15- and 30-year rates thinned to 69 BPS from 70 BPS a week prior.

Freddie reported that five-year, Treasury-indexed, hybrid, adjustable-rate mortgages averaged 2.88 percent, up a single basis point from the prior report.

As of Thursday, the yield on the one-year Treasury note was 0.72 percent, jumping from 0.64 percent seven days earlier, according to Treasury Department data.

The six-month  London Interbank Offered Rate was reported by at 1.25 percent as of Wednesday, off from 1.26 percent the prior week.

ARM share in the most-recent Mortgage Market Index report was 6.9 percent, thinning from 7.2 percent the prior week.

Sam Garcia founded Mortgage Daily in 1998 and became its full-time publisher in 2000. Before that, he worked in mortgage lending for two decades.

[email protected]

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

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