At $1.4 trillion, student loan debt represents the U.S.'s second largest debt market behind mortgages and, in several recent surveys, younger respondents have said those loans are a large reason they are unable to save up a downpayment to buy a home. The debt won't easily go away, but Fannie Mae now says it would like to make those loans a slightly little less painful presence in borrowers' lives. The company is announcing policies that will assist homeowners and potential homebuyers with student loan obligations to qualify for a mortgage. The company notes the significant increase in that kind of debt over the last decade has created challenges and put up obstacles to homeownership. In acknowledgement that "one size does not fit all." the new policy provides borrowers three options from which

April 25, 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 Apr 25, 2017 Mortgage Rates Highest in 2 Weeks Tue, Apr 25, 2017 4:21PM Mortgage rates moved moderately higher again higher today, as global financial markets continued reacting to recent geopolitical flashpoints (like the French election, discussed yesterday). Markets are also moving in anticipation of future flashpoints (like tomorrow's tax reform announcement). In general, investors have piled back into riskier assets like stocks because the French election reduces long-term risks to the European Union. Investors previously were more willing to buy bonds--a safe haven asset frequently used to insulate investors from increased risk. The prospects for tax reform ... (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 5.5 101.28 +0.16   97.47 101.61 UMBS 30YR 6.0 102.54 +0.05   99.66 102.54 10 YR Treasury 4.039 -0.047   3.621 4.780 MBS Live Recap: Bond Weakness Looking More and More Serious Tue, Apr 25, 2017 4:56PM With a 2nd day of fairly strong selling pressure in bond markets, the recent trend toward lower rates has been forcefully called into question.  You can see the potential breakout from that trend in the chart below (I'll mark it up and dis... (read more) MBS Price Change UMBS 5.0 99.78 +0.31 UMBS 5.5 101.28 +0.16 UMBS 6.0 102.54 +0.05 GNMA 5.0 100.07 +0.24 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.18 +0.05 Pricing as of: 9/8 6:21PM EST US Treasury Yield Change 2 YR Treasury 3.487 -0.030 5 YR Treasury 3.562 -0.027 7 YR Treasury 3.768 -0.032 10 YR Treasury 4.039 -0.047 30 YR Treasury 4.690 -0.079 Pricing as of: 9/8 6:21PM EST Other News Fannie Moves to Accommodate Student Loan Debt Tue, Apr 25, 2017 2:16PM At $1.4 trillion, student loan debt represents the U.S.'s second largest debt market behind mortgages and, in several recent surveys, younger respondents have said those loans are a large reason they are unable to save up a downpayment to buy a home. The debt won't easily go away, but Fannie Mae now says it would like to make those loans a slightly little le... (read more) New Home Sales Nearly Match Post-Crisis High Tue, Apr 25, 2017 10:33AM New home sales jumped higher in March, posting their third consecutive gain. Sales of newly constructed single-family homes were at a seasonally adjusted annual rate of 621,000 units, an increase of 5.8 percent from February's downwardly revised annual rate of 587,000 units. The U.S. Census Bureau and the Department of Housing and Urban Development said this... (read more) Home Price Gains Aren't Cooling Off Tue, Apr 25, 2017 9:26AM Both of the major price indices released this morning showed continued growth in home price appreciation. The S&P CoreLogic Case-Shiller National Home Price Index set its fourth consecutive record high , rising 5.8 percent in February, up from a 5.6 percent increase in January. The seasonally adjusted monthly gain was 0.4 percent. The Housing Price Index... (read more) Training in Sales, Reverse, HMDA, Cust. Satisfaction; Appraisal News - Illinois vs. AMCs? Tue, Apr 25, 2017 9:23AM How much do the CEOs of builders make? Turns out they make some decent gravy , certainly good news for them. In other good news, this time for WF, the FDIC and the Federal Reserve Board announced that Wells Fargo had adequately remediated the deficiencies in its 2015 resolution plan. As a result, Wells will no longer be subject to growth restrictions imposed... (read more) Latest Video Trader bets on bond breakdown Canadian lumber tariff hits homebuilders New home sales up 5.8% in March Around the Web CNBC Republicans float a spending deal without border wall funding, NBC reports CNBC Janet Yellen's successor at the Fed just might be Gary Cohn Calculated Risk Blog A few Comments on March New Home Sales Bloomberg There's a Huge Disagreement Between Bonds and Stocks Fannie Mae New Fannie Mae Changes Address Student Loan Issues Market Watch French election relief could pave way for ECB tapering, but not yet CNBC US homebuilder stocks slide on concern Trump's lumber tariff will raise costs Market Watch 10-year Treasury yield back above 2.3% as investors shun havens Gallup Americans' Confidence in Economy Stable, Positive Redfin Redfin Housing Demand Index Drops Amid Lower-Than-Expected Buyer Activity in March; Remains Above Three-Year Average Market Watch Bernanke warns that a politicized' U.S. economy will create bad policies Washington Post White House confident' of averting shutdown as Trump shows flexibility on wall NAR - Realtor.com This Is What Homeowners Did With Their Savings on Variable Mortgage Rates

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