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  • Fri, Oct 2 2020
  • 4:35 PM » 'Massively concerning' jobs report sends a signal that the economic recovery could be fading - CNBC
    Published Fri, Oct 02 2020 4:35 PM by news.google.com
    'Massively concerning' jobs report sends a signal that the economic recovery could be fading    CNBC
    Click Here to Read the Full Article

    Source: news.google.com
  • 4:35 PM » Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Increased Slightly
    Published Fri, Oct 02 2020 4:35 PM by Calculated Risk Blog
    Note: Both Black Knight and the MBA (Mortgage Bankers Association) are putting out weekly estimates of mortgages in forbearance. This data is as of September 29th. From Forbearances up Slightly, First Rise in 6 Weeks According to the latest weekly snapshot of Black Knight's McDash Flash daily forbearance tracking data, the number of mortgages in active forbearance increased for the first time in six weeks, as plans rose by 21,000 over the last seven days . The increase was driven primarily by an uptick among portfolio-held and private labeled security loans which rose by 28,000 for the week. FHA/VA loans also saw a slight increase of 2,000. Those increases were partially offset by a 9,000 decline in GSE forbearances. Click on graph for larger image. As of September 29, 3.6 million homeowners remain in COVID-19-related forbearance plans, or 6.8% of all active mortgages, unchanged from last week. Together, they represent $751 billion in unpaid principal. Over the past month, active forbearance volumes are now down by 305,000 (-8%), with the strongest monthly declines seen among GSE and Portfolio/Private loans which have each fallen by 10%, with a more modest 4% decline among FHA/VA loans. ... Of the 3.6 million loans still in active forbearance, more than 75% have had their terms extended at some point since March. With more than a million forbearance plans for which September's mortgage payment was the last payment covered under forbearance plan - and another million set to expire in October - significant removal/extension activity is still likely over the next few weeks. The ongoing COVID-19 pandemic continues to represent significant uncertainty for the weeks ahead. Black Knight will continue to monitor the situation and report our findings on this blog. emphasis added
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 3:19 PM » Americans could face a long wait for more federal aid if current stimulus talks fail
    Published Fri, Oct 02 2020 3:19 PM by CNBC
    Washington lawmakers expressed new optimism on Friday that they can strike a deal for a new coronavirus aid package. If they don't succeed, Americans who are relying on more federal help may have to wait for months for more money.
  • 1:42 PM » Condo Prices Climb 5.4% in August, Lagging 11.9% Growth for Single-Family Homes
    Published Fri, Oct 02 2020 1:42 PM by www.redfin.com
    Condos are facing relatively slow price growth as remote work, the desire for privacy and record-low mortgage rates make single-family homes more desirable during the coronavirus pandemic. But condos could make a comeback if single-family home prices continue to surge. The post Condo Prices Climb 5.4% in August, Lagging 11.9% Growth for Single-Family Homes appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More .
    Click Here to Read the Full Article

    Source: www.redfin.com
  • 8:39 AM » U.S. jobs rose by 661,000 in September, vs. 800,000 estimate
    Published Fri, Oct 02 2020 8:39 AM by CNBC
    U.S. jobs rose by 661,000 in September, vs. 800,000 estimate<br/>https://www.cnbc.com/2020/10/02/jobs-report-september-2020.html
  • 8:17 AM » Consumers draw their cushions aggressively in September: Morning Brief
    Published Fri, Oct 02 2020 8:17 AM by news.google.com
    Consumers draw their cushions aggressively in September: Morning Brief    Yahoo Finance
    Click Here to Read the Full Article

    Source: news.google.com
  • 8:01 AM » Number of mortgages in coronavirus bailout program jumps 21,000 after declining for six straight weeks
    Published Fri, Oct 02 2020 8:01 AM by CNBC
    As of Tuesday, roughly 3.6 million homeowners remain in pandemic-related forbearance plans, according to Black Knight, a mortgage technology and analytics firm.
  • 8:01 AM » Manhattan apartment sales tumble 46%, leaving 10,000 unsold apartments
    Published Fri, Oct 02 2020 8:01 AM by CNBC
    "There is no shortage of apartments for sale, but there is a shortage of buyers," said Jonathan Miller, CEO of Miller Samuel.
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Mortgage Rates:
  • 30 Yr FRM 3.00%
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  • 15 Yr FRM 2.44%
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  • Jumbo 30 Year Fixed 3.08%
MBS Prices:
  • 30YR FNMA 4.5 108-06 (-0-03)
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  • 30YR FNMA 5.0 109-25 (0-01)
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  • 30YR FNMA 5.5 111-13 (-0-01)
Recent Housing Data:
  • Mortgage Apps 2.79%
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  • Refinance Index 3.16%
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  • Purchase Index 1.82%