After leaving them in a holding pattern for 10 long years the Federal Housing Finance Agency (FHFA) has raised conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac. Separate loan limit announcements are expected shortly from FHA and the Veterans Administration. The current loan limit, $417,000 , has been in place since 2006. When the housing crisis hit, the Housing and Economic Recovery Act of 2008 (HERA) set the baseline loan limit at that existing level for one to four family houses in most of the U.S. and required it be adjusted each year to reflect any changes in the national average home price. When prices continued to decline HERA also made clear that the baseline could not be adjusted upward until the average U.S. home price returned to its pre-decline level. As

November 23, 2016 Download our Mobile App: Download our Mobile App: Housing News FHFA Ups Conforming Loan Limit to $424,100 After leaving them in a holding pattern for 10 long years the Federal Housing Finance Agency (FHFA) has raised conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac. Separate loan limit announcements are expected shortly from FH... (read more) Housing News FHFA Home Price Deceleration was Short-Lived House prices increases moderated slightly compared to the pace set in August, but the Federal Housing Finance Index (FHFA) said the month-over-month gain in its Housing Price Index (HPI) in September was still a robust 0.6 percent . The index had pos... (read more) MBS Commentary MBS Live Day Ahead: Not Christmas Yet, But Snowballs Already Rolling Bond markets begin the day on the run (the bad kind of run), and if Thanksgivings past are any indication, things could get worse before they get better. (read more) Housing News Purchase Apps Surge, Driven by Jumbos Purchase mortgage application activity picked up significantly during the week ended November 18. The Mortgage Bankers Association said its Market Composite Index, a measure of application volume, increased 5.5 percent on a seasonally adjusted basis ... (read more) Rob Chrisman Ben Carson at HUD? More on PHH v. CFPB; Vendor Management Vendor Updates; Refis Continue to Drop My cat Myrtle is old school. A traditionalist. Even though she has never said it out loud, I know that she doesn’t approve of me putting one space after a period. She prefers two – but anyone who does a lot of writing knows that two space... (read more) Housing News New Home Sales Backing Down From Recent Highs New home sales failed to build on their September momentum, although the October downturn was not a large one. The Census Bureau and the Department of Housing and Urban Development said today that sales of newly constructed homes in October were at a... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 7:25PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 7:25PM EST Latest Video Bond market has changed its mind about future: Insana Mixed signals from Federal Reserve? Will rising rates & the dollar kill the rally? Around the Web FHFA FHFA Announces Increase in Maximum Conforming Loan Limits for Fannie Mae and Freddie Mac in 2017 NAR - Realtor.com The 20 Hottest U.S. Real Estate Markets for November 2016 Calculated Risk Blog FOMC Minutes: "Appropriate to raise the target range for the federal funds rate relatively soon" Reuters Fed policymakers confident of need for rate hikes on eve of Trump win CNBC Mortgages limits for Fannie, Freddie to increase for the first time in a decade Calculated Risk Blog A few Comments on October New Home Sales Redfin 5 Home Projects Under $1,000 That Will Save You Money On Bills This Winter Market Watch It's time for investors to open their eyes to the trouble in bond ETFs CNBC Consumer sentiment index hits 93.8 in November vs 91.6 estimate freddiemac.mwnewsroom.com Mortgage Rates Move Higher Headed into Holiday Weekend Reuters U.S. durable goods orders rebound, shipments rising Reuters Jobless claims rebound from 43-year low, labor market still firming Reuters Ben Carson offered HUD post, will consider it: Carson spokesman

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