Fannie Mae's Book of Business increased at a compounded annual rate of 2.7 percent in September to a value of $3.196 trillion compared to $3.188 trillion in August. The Book has increased by 2.2 percent year-to-date, and gained 1.4 percent for all of 2016. The company's mortgage portfolio had a balance of $245.133 billion at the end of the month. This was composed of $185.439 billion in mortgage loans, $53.481 billion in Fannie Mae MBS, $1.730 billion in non-Fannie Mae mortgage securities which were agency and $4.483 billion non-agency. Purchases into the Gross Mortgage Portfolio during the month amounted to $27.057 billion for a total of $222.081 billion for the year through September. Sales for the month totaled were $23.289 billion and liquidations $2.871 billion for year-to-date numbers

November 1, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Nov 1, 2017 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.22 -0.06   97.47 101.61 UMBS 30YR 6.0 102.47 -0.07   99.66 102.50 10 YR Treasury 4.065 +0.026   3.621 4.780 MBS Live Day Ahead: Bond Momentum Shifts to Neutral Ahead of Bigger Market Movers Wed, Nov 1, 2017 9:04AM Friday and Monday were (relatively) great days for bond markets.  For our purposes, at least, they signified an important push back against the more serious selling that began after the house passed the budget bill (the one that cleared the wa... (read more) MBS Live Commentary: Differences Between Previous and Current FOMC Statements Wed, Nov 1, 2017 2:09PM   Information received since the Federal Open Market Committee met in  July  September  indicates that the labor market has continued to strengthen and that economic activity has been rising  moderately so far this year. Job gains have remained  at a  solid  rate despite hurricane-related disruptions. Although the ... (read more) MBS Price Change UMBS 5.0 99.68 -0.10 UMBS 5.5 101.22 -0.06 UMBS 6.0 102.46 -0.07 GNMA 5.0 100.01 -0.07 GNMA 5.5 101.18 -0.01 GNMA 6.0 102.12 -0.06 Pricing as of: 9/9 6:51AM EST US Treasury Yield Change 2 YR Treasury 3.503 +0.015 5 YR Treasury 3.580 +0.019 7 YR Treasury 3.789 +0.021 10 YR Treasury 4.065 +0.026 30 YR Treasury 4.723 +0.033 Pricing as of: 9/9 6:51AM EST Other News Fannie Mae Issues September Volume Summary Wed, Nov 1, 2017 12:01PM Fannie Mae's Book of Business increased at a compounded annual rate of 2.7 percent in September to a value of $3.196 trillion compared to $3.188 trillion in August. The Book has increased by 2.2 percent year-to-date, and gained 1.4 percent for all of 2016. The company's mortgage portfolio had a balance of $245.133 billion at the end of the month. This was co... (read more) Price Gains Built on Fundamentals or Full of Hot Air? Wed, Nov 1, 2017 11:51AM Whenever housing prices rise faster than the rate of inflation, the question arises, are we in a housing bubble? Two Urban Institute (UI) analysts, Bing Bai and Edward Golding, say rapidly growing prices can be benign when they are buoyed by fundamentals such as job and income growth, and are indications of an expanding economy. A bubble, on the other hand, ... (read more) Purchase Apps Almost Break Even While Refis Slide Wed, Nov 1, 2017 8:10AM The week ended October 27 saw yet another decline in mortgage applications, making it the sixth week out of the last seven that the Mortgage Bankers Association (MBA) Market Composite Index has fallen. The index, a measure of application volume, was down 2.6 percent on a seasonally adjusted basis during the week ended October 27. On an unadjusted basis the I... (read more) Broker Events; Regulatory-Driven Lender Changes; FHLB News Wed, Nov 1, 2017 9:14AM Sometimes things can be misleading, or don’t tell the whole story. For example, a 15-oz. bottle of Naked Green Machine juice smoothie has more sugar in it than 5 Krispy Kreme original glazed donuts. (Yup. 53 vs. 50 grams. But what is more nutritious?) Employment data is often accused of being misleading, but hiring always picks up during the holidays a... (read more) Latest Video Measured Fed decision signals December hike likely Janus' Bill Gross: Here's what the flattening yield curve means for the eco... Fed leaves rates unchanged Around the Web NAR - Realtor.com Which States Do Home Buyers Want to Move toand From? consumerfinancemonitor.com CFPB October 2017 "special edition" complaint report highlights servicemember complaints CNBC Trump reportedly demanding tax reform bill be called 'The Cut Cut Cut Act' Federal Reserve Federal Reserve issues FOMC statement CNBC Fed holds off on rate hike, opens door to December Reuters Trump says current Fed chair Yellen is 'excellent' NAHB Eye on Housing Single Family and Multifamily Construction Spending Post Gains CNBC Self-employed turn to non-bank lenders to crack the housing market Bloomberg Growth in US Manufacturing Eases From a 13-Year High CNBC Market optimism hits Black Monday-level peak, a 'potential significant danger' Reuters U.S. construction spending rises in Sept, but August revised lower CNBC ISM manufacturing index hits 58.7 in October; construction spending up 0.3% in September Reuters U.S. private sector adds 235,000 jobs in October: ADP

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