It was nice while it lasted, but the long run of historically low mortgage rates is clearly coming to an end. This month Freddie Mac's Outlook looks back at where rates have been, where they are going, and what the effect might be on home buyers, homeowners, lenders, builders, and real estate agents. The authors, Doug McManus, Freddie Mac Quantitative Analytics Director and Elias Yannopoulos, Quantitative Analytics Senior, also look at what may drive rates going forward and present some scenarios for the future. Rock bottom interest rates weren't always the norm. Older Baby Boomers were buying their first homes in a very different environment. In 1981 rates topped 18 percent , having soared there from 8 percent over a four-year period. Freddie Mac says that was the most dramatic increase in

February 26, 2018 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 26, 2018 Best Week of 2018 For Rates (Not Quite as Cool as it Sounds) Fri, Feb 23, 2018 4:45PM Mortgage rates fell again for the second straight day--something that has only happened a few other times so far this year. On an even brighter note, this was the first week of 2018 where the average lender ended the week offering rates that were at least as good as those seen at the end of the previous week. In most cases, today's rates are right in line with those seen last Friday. For the average lender, that means conventional 30yr fixed rates of 4.5 to 4.625% on top tier scenarios. The same scenarios were seeing quotes of 3.875-4.0% at the beginning of the year. As we discussed yesterday,... (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 5.5 101.26 -0.02   97.47 101.61 UMBS 30YR 6.0 102.50 -0.04   99.66 102.50 10 YR Treasury 4.046 +0.007   3.621 4.780 MBS Live Day Ahead: Secret Bond Market Playbook For Feb/March Handoff Mon, Feb 26, 2018 4:33AM Today's first chart is really uncanny--well, perhaps if you're some sort of technical analysis nerd, or just some guy named Matt who writes about technical analysis sometimes.  We can stop short of uncanny and simply say it's fairly interesting.... (read more) MBS Live Recap: Best Day of Gains Since Early Feb Stock Sell-Off Fri, Feb 23, 2018 5:33PM Early in the month (Feb 5th), bonds had their best day of the year as they soaked up a mere fraction of the cash that was fleeing from equities markets and looking for a safe haven.  There was no such rout in stocks today, but bonds managed to put in a rather respectable performance nonetheless.  Granted, it was nowhere near the same scale as the... (read more) MBS Price Change UMBS 5.0 99.75 -0.03 UMBS 5.5 101.26 -0.02 UMBS 6.0 102.51 -0.03 GNMA 5.0 100.06 -0.02 GNMA 5.5 101.21 +0.02 GNMA 6.0 102.15 -0.03 Pricing as of: 9/9 12:39AM EST US Treasury Yield Change 2 YR Treasury 3.494 +0.007 5 YR Treasury 3.567 +0.006 7 YR Treasury 3.772 +0.004 10 YR Treasury 4.046 +0.006 30 YR Treasury 4.692 +0.002 Pricing as of: 9/9 12:39AM EST Other News Rising Rates: Who Will Be Hit and How Hard? Mon, Feb 26, 2018 9:22AM It was nice while it lasted, but the long run of historically low mortgage rates is clearly coming to an end. This month Freddie Mac's Outlook looks back at where rates have been, where they are going, and what the effect might be on home buyers, homeowners, lenders, builders, and real estate agents. The authors, Doug McManus, Freddie Mac Quantitative Analyt... (read more) Despite Gains in Midwest, New Home Sales Down 7.8% Mon, Feb 26, 2018 10:44AM New home sales fell again in January, although not quite as sharply as in December . Stalling sales in recent months has now dragged the annual rate below that of a year earlier. The U.S. Census Bureau and the Department of Housing and Urban Development said sales of newly constructed single-family homes dropped by another 7.8 percent on top of a 9.3 percent... (read more) Servicing Package Offered; Upcoming Events and Sales Workshops Mon, Feb 26, 2018 9:03AM As local, state, and national organizations plunge into another year’s worth of conferences, there is some good news for those that imbibe in adult beverages. According to this research , alcohol trumps exercise for living past the age of 90 . Great news for all those LOs out there who have already reached that milestone. Servicing Non-depository lende... (read more) Latest Video Fed's Quarles: Sees optimism in economy and upside risks to growth New home sales down 7.8% in January Markets have a misread on rising rates: Golub Around the Web Bloomberg Powell Heads to Congress With Fed Facing Riskier Post-Yellen World Calculated Risk Blog Housing Inventory Tracking CNBC Fed's Quarles says it's been 'quite some time' since the economy looked this good Federal Reserve Quarles, An Assessment of the U.S. Economy Freddie Mac Freddie Mac Prices $981 Million Multifamily K-Deal, K-073 Bloomberg Fenton: Expect High, Stable Levels of Volatility in 2018 Calculated Risk Blog A few Comments on January New Home Sales PR Newswire Redfin Survey: 35% of Recent Homebuyers Bid on a Home Before Seeing it in Person Reuters Fed's Bullard says 'substantially' higher rates risk overly tight policy Calculated Risk Blog Chicago Fed "Index Points to Little Change in Economic Growth in January" Reuters Stock futures rise as Powell takes center stage Washington Post How the new tax law might affect home buyers who are retired CNBC Surging bond yields to pinch home owners and retirees

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