UP go mortgage rates, good news for NRZ (lower refi's). | NRZ Message Board Posts

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Msg  3034 of 3226  at  9/19/2019 11:39:55 AM  by

crashcardigan


UP go mortgage rates, good news for NRZ (lower refi's).

 

30-year fixed-rate mortgage averages 3.73% for the week ending Sept. 19, up 17 basis points from 3.56% in the prior week but down from 4.65% at this time a year ago, according to the Freddie Mac Primary Mortgage Market Survey.

“Despite the rise in mortgage rates, economic data improved this week – particularly housing activity, which gained momentum with a noticeable rise in purchase demand and new construction," said Freddie Chief Economist Sam Khater.

15-year FRM averages 3.21% vs. 3.09% in the prior week and 4.11% at this time a year ago.

5-year Treasury-indexed hybrid adjustable-rate mortgage averages 3.49% vs. 3.36% in the previous week and 3.92% a year ago.

Mortgage REITs are rising, with iShares Mortgage Real Estate Capped ETF up 0.6%. Looking at individual names: Annaly Capital (NLY +0.7%), AGNC Investment (AGNC +1.2%), Chimera Investment (CIM +0.6%), and Two Harbors (TWO +0.4%).



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Msg # Subject Author Recs Date Posted
3037 Re: UP go mortgage rates, good news for NRZ (lower refi's). kowman 0 9/19/2019 9:16:04 PM


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