A change in conforming loan limits could have a big impact on mortgage originations and on homebuying in general according to Black Knight Financial Services. The company did an analysis of those limits in its current edition of the Mortgage Monitor which covers mortgage performance data from September. Black Knight says with the national HPI returning to pre-crisis levels talk has now turned to raising those levels. The current conforming limit, $417,000, has not changed since 2006. The Housing and Economic Recovery Act (HERA) of 2008 rest r icted any additional increase in the limit until national home values had returned to pre-crash levels. There are currently 234 designated "high cost" counties (indicated on the map) where conforming limits exceed the national level, going as high as

November 7, 2016 Download our Mobile App: Download our Mobile App: Housing News Time to Talk About Raising Conforming Loan Limit A change in conforming loan limits could have a big impact on mortgage originations and on homebuying in general according to Black Knight Financial Services. The company did an analysis of those limits in its current edition of the Mortgage Monitor ... (read more) Housing News Income Concerns Hurting Housing Sentiment -Fannie Mae Fannie Mae's Home Purchase Sentiment Index® (HPSI) suffered its third decline in as many months in October. The Index, based on responses to six key questions in the company's monthly National Housing Survey, dipped 1.1 points from September to 8... (read more) Housing News Are Homeowners Throwing Away the Key to Retirement Security? How much does the roof over your head, today help ensure you will still have one in retirement? That is the question the Urban Institute (UI) is trying to answer in a new study of Home Equity Patterns among Older American Households that was commissi... (read more) Rob Chrisman LO Tools; Training on MSAs, Tax Returns, CRA; Earnings Announcements Continue A loan officer walked up to me at a recent sales event and complained, “I’m spending more time promoting myself than I am being myself.” I replied, “I didn’t you know you were running for office!” Turning to news i... (read more) MBS Commentary MBS Live Day Ahead: Empty Calendar and Holiday Leave Focus on Election In terms of scheduled economic data and events, this week is almost completely barren.  In addition, Friday is Veteran's Day , and no matter what any economic calendar or website says, bond markets are closed on Friday.  Case in point, sev... (read more) MBS Commentary MBS Live Recap: Europe Trumps Mixed-to-Strong Payrolls Data I've seen today's jobs report referred to as both stronger and weaker in several ways.  At worst, it was "mixed," and generally erred on the stronger side.   The two biggest things going for the data were the positive revisions and t... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.77% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.77% -0.01 0.00 15 Yr. Fixed 6.03% -0.01 0.00 30 Yr. FHA 6.35% 0.00 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% +0.01 0.00 30 Yr. VA 6.36% 0.00 0.00 Updates Daily - Last Update: 7/22 15 Yr. Fixed Rate 6.03% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.82% +0.05 0.62 15 Yr. Fixed 6.11% +0.07 0.66 30 Yr. Jumbo 6.81% +0.12 0.39 Updates Weekly - Last Update: 7/16 MBS / Treasuries UMBS 30YR 5.5 99.50 -0.01 Price / Yield Change MBS UMBS 5.5 99.50 -0.01 UMBS 6.0 101.36 -0.04 GNMA 5.5 99.72 -0.06 GNMA 6.0 101.28 -0.04 Pricing as of: 7/23 8:23AM EST 10 Year US Treasury 4.3574 +0.0114 Price / Yield Change US Treasury 2 YR Treasury 3.844 +0.015 5 YR Treasury 3.898 +0.013 7 YR Treasury 4.112 +0.014 10 YR Treasury 4.359 +0.013 30 YR Treasury 4.929 +0.012 Pricing as of: 7/23 8:23AM EST Latest Video CNBC Fed Survey: 82% say Trump would not reappoint Yellen Santelli Exchange: Automation vs. humans FBI clears Clinton in email review Around the Web CNBC What voters are saying in this Florida city crushed by foreclosures Calculated Risk Blog Fed Letter: "Has the Fed Fallen behind the Curve This Year?" Bloomberg Greenspan Sees Bond Yields Climbing as High as 5 Percent Again Calculated Risk Blog Update: Framing Lumber Prices Up Year-over-year bkfs.com Black Knight's September Mortgage Monitor: Balancing Act' of Low Rates, Rising Home Prices is Keeping Affordability Stable for Now Fannie Mae Consumer Pessimism On Display as Home Purchase Sentiment Index Drops Again Calculated Risk Blog NAHB: Builder Confidence increases for the 55+ Housing Market in Q3 CNBC World markets soar on FBI's end of Clinton email review CNBC James Comey: FBI has 'not changed its conclusions' Clinton's email server since July decision CNBC Fed's Fischer says labor market strong, Fed could overshoot goals CNBC Self-made millionaire: Don't buy a home CNBC Atlanta Fed's Lockhart says rate increases to be 'very' gradual Market Watch Jobs report more than enough for Fed to hike interest rates in December

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