It seemed just an aside in the National Association of Realtors press release regarding January existing home sales. NAR President William E. Brown, took a shot at the GSE's saying first, "Supply and demand imbalances continue to be burdensome in many markets, and now Fannie Mae is supporting a Wall Street firm's investment in single-family rentals." Then widening his comment to include Freddie Mac, said, "Instead, the GSEs should lower overly burdensome fees and help qualified borrowers become homeowners." It turns out there is a little more to the story . Brown was referring to Fannie Mae's recent decision to back a $1 billion mortgage given to Invitation Homes. The company, a subsidiary of private equity firm Blackstone, purchased an estimated 48,000 foreclosed single family homes subsequent

February 23, 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 Feb 23, 2017 Mortgage Rates Match 2-Week Lows Thu, Feb 23, 2017 3:03PM Mortgage rates moved lower for the 4th time in 5 days today, bringing them to their lowest levels since February 9th. The caveat to any discussion of rate "movement," however, is that the changes have been so small that they can really only be measured in terms of closing costs. In other words, most borrowers will have seen the same NOTE rate (aka "contract rate," which is simply the interest rate applied to your loan balance). Contract rates are typically offered in eighth point increments (.125, .25, .375, etc). "Effective rates," on the other hand, take the upfront costs into consideration.... (read more) 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 Recap: Calm, Positive Day For Bonds Thu, Feb 23, 2017 4:53PM More than any other day in recent memory, today's trend was remarkably narrow for bond markets.  That's not to say it was "flat," though.  Indeed, there was a certain, much-beloved " diagonal " quality to the trend as it led rates lower and... (read more) MBS Price Change UMBS 5.0 99.70 -0.08 UMBS 5.5 101.24 -0.04 UMBS 6.0 102.48 -0.06 GNMA 5.0 100.02 -0.05 GNMA 5.5 101.19 +0.00 GNMA 6.0 102.13 -0.05 Pricing as of: 9/9 6:59AM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.011 5 YR Treasury 3.576 +0.014 7 YR Treasury 3.784 +0.016 10 YR Treasury 4.060 +0.021 30 YR Treasury 4.718 +0.028 Pricing as of: 9/9 6:59AM EST Other News Fannie Mae's Blackstone Deal Provokes Blowback Thu, Feb 23, 2017 4:15PM It seemed just an aside in the National Association of Realtors press release regarding January existing home sales. NAR President William E. Brown, took a shot at the GSE's saying first, "Supply and demand imbalances continue to be burdensome in many markets, and now Fannie Mae is supporting a Wall Street firm's investment in single-family rentals." Then wi... (read more) Inventories Driving Price Gains Despite Rates Thu, Feb 23, 2017 4:08PM Home prices, as measured by the Federal Housing Finance Agency's (FHFA's) Housing Price Index (HPI), rose even faster on an annual basis in December than they had earlier in the fall. The year-over-year gain was 6.2 percent, up from 6.1 percent in the 12 months ended in November, and 6.0 percent in October. FHFA's HPI report, which this month also in include... (read more) Urban Institute Asks "What Happened to Black Homeownership?" Thu, Feb 23, 2017 10:15AM The Urban Institute (UI) is asking "What has happened to black homeownership?" It has "declined to levels not seen since the 1960s when private race-based discrimination was legal." Like most demographic groups, black Americans saw homeownership gains evaporate during the housing crisis, but that community was hit harder than other groups and have not benefi... (read more) Interest Rates Taking a Toll on Mortgage Prepayments Thu, Feb 23, 2017 10:10AM Rising interest rates took a toll on mortgage prepayments in January. Black Knight Financial Services said the pre-payment rate (SMM) was down 29.83 percent compared to December. Despite the downturn, the rate, 0.95 percent, was still 17.15 percent higher than in January 2016. The information on prepayment speeds, generally a good indicator of refinance acti... (read more) Latest Video Mnuchin: We 'absolutely' view the stock market as a report card Treasury's Mnunchin: Committed to fixing Fannie Mae & Freddie Mac I didn't hear 'balance' or 'sheet': DiMartino Around the Web CNBC Construction stocks slide amid report that US infrastructure spending won't come until next year Calculated Risk Blog Update on lack of Chinese Residential Real Estate Buyers Bloomberg Trump Rally's Prospects 'Not Looking Too Hot,' Bond Manager Says Bloomberg Claims for Jobless Benefits in US Point to Firm Job Market CNBC How Mnuchin's comments dinged the dollar CNBC Morgan Stanley says housing recovery still in 'middle innings,' upgrades Home Depot to overweight feedproxy.google.com Stable Growth Expected for Commercial Real Estate in 2017 Freddie Mac Continued Uncertainty Causes Mortgage Rates to Hold CNBC Here's the salary needed to afford a home in the 15 largest cities Bloomberg Mnuchin Super-Long Chatter Sends Treasury Yield Curve Steeper bkfs.com Black Knight Financial Services' First Look at January 2017 Mortgage Data Reuters U.S. house prices to rise; analysts wary of deregulation: Reuters poll Market Watch Treasury seriously studying issuing 50-year or 100-year bonds: Mnuchin

© 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.