Mortgage Rates 11-22-17

By Joy Green Updated on 11/22/2017

Nearly 3 months to-the-date after Hurricane Harvey hit Texas, and 2 months since Irma hit, delinquencies resulting from the devastation continue to play out. Specifically in Texas and Florida, delinquency rates have spiked according to this month’s loan data as published in ”First Look", by Black Knight Financial Services. This spike has distorted the nationwide data. Although US delinquency rates rose 4-bps during the reporting month, if you were to remove Florida and Texas it results in a 14-bps decline - major difference. Florida and Texas delinquencies alone rose 24% (186-bps). Delinquencies 30+ days past due in FL increased by 79% and TX by 30% over the last 6 months. To get a more detailed look at the state of National Delinquency check out Black Knight Financial Services Monthly Mortgage Monitor report on December 4th.

 

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• 30-year (FRM) rates at 3.98% (0.00%)
• 15-year (FRM) rates at 3.32% (+0.01%)
• FHA 30-year Fixed rates at 3.65% (0.00%)
• Jumbo 30-year Fixed rates at 4.18% (0.00%)
• 5/1 ARM rates at 3.17% (-0.03%)