Freddie Mac is forecasting that there will be GDP growth of 3.0 percent in the second quarter of this year, moderating from the strong 4.2 percent growth in the first quarter. The company's October Forecast, prepared by its Economic and Housing Research Group, now extends its predictions into 2020 and they are looking at substantial economic slowing by then. The forecast for all of 2018 is growth of 3.0 percent, slowing to 2.4 percent next year and to only 1.8 percent in 2020 "as the effects of expansionary fiscal policy fade." Last year's hurricanes damaged both the economy and the housing sector, but at this point Hurricane Florence is expected to create only a small dip in economic growth and cause no appreciable increase in foreclosures. The labor market picture continues to be strong with

October 30, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.13% -0.12%   6.11% 7.26% 15 Yr. Fixed 5.71% +0.00%   5.54% 6.59% 30 Yr. Jumbo 6.15% -0.10%   6.15% 7.45% Compare Mortgage Rates from Local Lenders for Oct 30, 2018 Mortgage Rates Edge Higher Tue, Oct 30, 2018 3:05PM Mortgage rates were moderately higher today as underlying bond markets continued backing away from their strongest levels in more than 3 weeks (stronger bonds = lower rates). In general, bonds' strength had come at the expense of the stock market, but it was taking more and more drama in stocks to net the same amount of benefit for bonds. For example, even though the S&P was lower yesterday than it was last Friday, bonds weren't able to make it back to last Friday's levels--something they would have easily done if they were keeping a consistent pace with stock losses. With stocks improving... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.13% -0.12 0.00 15 Yr. Fixed 5.71% 0.00 0.00 30 Yr. FHA 5.91% -0.08 0.00 30 Yr. Jumbo 6.15% -0.10 0.00 7/6 SOFR ARM 5.65% +0.01 0.00 30 Yr. VA 5.92% -0.09 0.00 Updates Daily - Last Update: 9/16 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.31 +0.01   97.47 101.61 UMBS 30YR 6.0 102.45 0.00   99.66 102.50 10 YR Treasury 4.033 -0.008   3.621 4.780 MBS Live Recap: Bonds Slightly Less Interested in Stocks, For Better or Worse Tue, Oct 30, 2018 4:04PM If there's a theme in the bond market over the past 2 days, it's that we've broken away from the previously fairly rigid correlation with stocks.  That's not to say the correlation was helping bonds move at the same pace as stocks--simply that the two had generally been moving higher and lower at the same time at almost any given moment over the past ... (read more) MBS Live Day Ahead: Two Trends Suggest Risk of Resistance Bounce For Rates Tue, Oct 30, 2018 8:45AM With bonds being flat to slightly weaker yesterday and now noticeably weaker overnight, we may be looking at our first real resistance bounce (aka "floor") in over a week.  Such a bounce makes a case for two different trends that may be emergi... (read more) MBS Price Change UMBS 5.0 99.97 +0.05 UMBS 5.5 101.30 +0.01 UMBS 6.0 102.45 -0.01 GNMA 5.0 100.29 +0.05 GNMA 5.5 101.23 +0.01 GNMA 6.0 102.00 +0.01 Pricing as of: 9/16 12:17PM EST US Treasury Yield Change 2 YR Treasury 3.521 -0.016 5 YR Treasury 3.595 -0.005 7 YR Treasury 3.782 -0.010 10 YR Treasury 4.038 -0.003 30 YR Treasury 4.662 +0.001 Pricing as of: 9/16 12:17PM EST Other News Freddie Sees Home Sales Regaining Momentum in 2019 Tue, Oct 30, 2018 4:07PM Freddie Mac is forecasting that there will be GDP growth of 3.0 percent in the second quarter of this year, moderating from the strong 4.2 percent growth in the first quarter. The company's October Forecast, prepared by its Economic and Housing Research Group, now extends its predictions into 2020 and they are looking at substantial economic slowing by then.... (read more) Weakening Home Prices Are Not a Signal for 2008 Reboot Tue, Oct 30, 2018 10:53AM The S&P CoreLogic Case-Shiller U.S. National Home Price Index for August showed an annual appreciation rate that was lower than 6.0 percent for the first time in a year. The rate fell from 6.0 percent in July to 5.8 percent in the index which covers all nine U.S. census districts. On a month-over-month basis the National Index was up 0.2 percent on a non... (read more) Borrower Satisfaction Products; Upcoming Events; Price Compression and High Rates Tue, Oct 30, 2018 9:07AM Plenty of vendors and lenders are focused on raising capital, merging, selling, or closing. It doesn’t take a brilliant detective to see the liquidity & earnings problems facing hundreds of lenders across the nation as warehouse banks and other counterparties ratchet up scrutiny and lenders race to reduce costs. How many ducats are in the bank acco... (read more) Latest Video The market's future lies in whichever party wins in midterms, expert says October's consumer confidence index at 137.9 China says US tariff 'noise' won't intimidate China Around the Web CNBC Southern California suffers its worst housing slump in over a decade NAHB Eye on Housing Millennial Homeownership Rate Rises to 37% Calculated Risk Blog Update: A few comments on the Seasonal Pattern for House Prices CNBC Consumer confidence rises to an 18-year high in October Calculated Risk Blog HVS: Q3 2018 Homeownership and Vacancy Rates Bloomberg Italy Bonds Slide as Economy Slows, Debt Auction Underwhelms Calculated Risk Blog Case-Shiller: National House Price Index increased 5.8% year-over-year in August consumerfinancemonitor.com Will HUD propose a revised disparate impact rule by December 18? Redfin Redfin Housing Demand Index Posts Strong Gain from August to September Bloomberg US House Prices Are Rising Faster Than American Wages Bloomberg Blockchain Could Speed Homebuying, Once the Hurdles Are Cleared Reuters Trump says he expects 'great deal' with China, but more tariffs if not Reuters Wall Street falls on fresh China tariff worries

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.