Given the rapid run-up in home prices over the last year, it's no surprise that loan limits will also be going up in 2019. The Federal Housing Finance Agency (FHFA) announced that the maximum conforming loan limits for mortgages eligible for acquisition or guarantee by the two government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae will be $484,350 . The conforming loan limit as established by the Housing and Economic Recovery Act (HERA) is reviewed each year and adjusted as necessary to reflect the change in the average U.S. home price. The new limit represents a 6.9 percent increase over the $453,100 limit for 2018, the percentage by which FHFA's Housing Price Index (HPI) for the third quarter of 2018 increased on an annual basis. The new limit is considered the baseline for conforming

November 27, 2018 Download our Mobile App: Download our Mobile App: Housing News Loan Limits Increase to $484,350 Given the rapid run-up in home prices over the last year, it's no surprise that loan limits will also be going up in 2019. The Federal Housing Finance Agency (FHFA) announced that the maximum conforming loan limits for mortgages eligible for acquisit... (read more) Housing News Home Prices Still Increasing - Just a Little Slower The views about the direction of home prices diverged slightly in September, as those reported in the S&P CoreLogic Case Shiller indices slowed for the second month in a row while those from the Federal Housing Finance Agency (FHFA) for both Sept... (read more) MBS Commentary MBS Live Day Ahead: Do Bonds Care About Oil's Slide? Also: New Loan Limits Oil prices are always interesting to consider when it comes to bond markets.  After all, oil is a major cost input for the economy.  Even the "core" inflation readings, which disregard oil prices, are unable to account for oil's impact on... (read more) Rob Chrisman Sales, Branding, Non-QM Products; "Don't Fight the Fed" When it Comes to Rates Will today or tomorrow bring the 2019 Freddie and Fannie loan limit change announcement? Stay tuned, as it usually released soon after Thanksgiving. Is it arguably less impactful since many jumbo programs have lower rates than conventional conforming... (read more) Housing News Black Knight: Delinquencies See Sharp Decline in October Mortgage delinquencies spiked in the September "first look" report from Black Knight, but that was followed by a swift reversal in October. The company's latest report notes a sharp decline in early stage delinquencies and a downturn in serious ones ... (read more) MBS Commentary MBS Live Recap: Bonds Not Panicking Despite Finding Resistance Most of today's bond market movement followed a single trade in the morning hours.  Someone with deep pockets bought a lot of 2yr Treasury debt and sold some longer-term debt in the process.  This type of "curve trade" (so named because i... (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 8:25AM 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 4.927 +0.010 Pricing as of: 7/23 8:25AM EST Latest Video The Fed has more cover to slow its rate hikes, says market strategist November consumer confidence index 135.7 Clarida: Rate hikes still necessary Around the Web CNBC House releases last-minute tax breaks, amid uncertainty over passage Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in September Calculated Risk Blog Update: A few comments on the Seasonal Pattern for House Prices Bloomberg Ex-Fed Governor Tarullo Sees Fed Close to Autopilot in Last Year CNBC Apartments are getting smaller but renters are paying more CNBC Consumer confidence hits 135.7 in November, vs. estimate of 135.9 Reuters Fed wants smallest possible portfolio, says Vice Chair Clarida Calculated Risk Blog Case-Shiller: National House Price Index increased 5.5% year-over-year in September NAHB Eye on Housing Slight Growth for Custom Home Building CNBC Fed's Clarida says interest rates are 'much closer' to neutral CNBC El-Erian: Fed will have to hike rates again next month or risk appearing politically influenced NAR - Realtor.com 10 Cities Where Americans Are Deepest in Debtbut Still Buy Homes! CNBC US Treasury yields fall ahead of Fed remarks

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