Freddie Mac analysts see a two-pronged threat to housing sales for the remainder of the year, especially in the previously high-flying western part of the country. The company's economic outlook for August notes that the ongoing lack of housing supply and the not unrelated affordability issues will probably keep a lid on the growth of home sales going forward. "The housing market hit some speed bumps this summer, with many prospective homebuyers slowed by not enough moderately-priced homes for sale and higher home prices and mortgage rates," said Freddie Mac Chief Economist Sam Khater. "These challenges were predominantly seen in expensive markets out West, where demand and sales are beginning to dampen because of weakening affordability." The cooling of the housing market was manifested in

August 28, 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 Aug 28, 2018 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 Day Ahead: Resistance Mounting as Bonds Hold Same Old Range Tue, Aug 28, 2018 9:54AM Late June through late July saw 10yr yields trade in the 'same old range' with lows centered on 2.81 and highs on 2.89.  That range was broken at the end of July but has since come back into fashion thanks to emerging market uncertainty, a sligh... (read more) MBS Live Recap: Trade Progress Helps Stocks, Hurts Bonds Mon, Aug 27, 2018 5:41PM It was a straightforward trading day today.  Overnight weakness came courtesy of stronger econ data in Germany and the resulting sell-off in European bonds.  The rest of the weakness was a product of a "risk-on" move stemming from updates on US/Mexico trade relations . As with any risk-on move, stocks rallied at the expense of bonds .  T... (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 6:20PM 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 6:20PM EST Other News Freddie Sees 2 Big Problems For Housing Tue, Aug 28, 2018 3:27PM Freddie Mac analysts see a two-pronged threat to housing sales for the remainder of the year, especially in the previously high-flying western part of the country. The company's economic outlook for August notes that the ongoing lack of housing supply and the not unrelated affordability issues will probably keep a lid on the growth of home sales going forwar... (read more) Consumers Want More Online Mortgage Features Tue, Aug 28, 2018 11:14AM The Fannie Mae's National Housing Survey (NHS) polls a large panel of consumers monthly about their attitudes toward housing and related topics and generally reports on five or six of the survey's trendlines. Others of the 100 or so questions form the basis for occasional special reports such as a new one in the company's Perspectives Blog . Henry Cason, the... (read more) Las Vegas Dethrones Seattle in Home Price Growth Tue, Aug 28, 2018 10:39AM Prices slipped in June according to the S&P CoreLogic Case-Shiller price indices. The National Index, which covers all nine U.S. Census divisions, showed annual prices were up by 6.4 percent in both April and May but posted only a 6.2 percent increase in June. The month-over-month change was also less aggressive. Before seasonal adjustment that index was... (read more) Recruiting, Training Products; Servicing Developments - Who's Doing What Tue, Aug 28, 2018 8:51AM As the East Coast swelters and Hawaii floods, loan officers I’ve spoken to recently believe the high price end in some markets is starting to stall a little bit as markets correct toward normalcy. I’ve spent much of this week in Montana and, as a small random sample, inventory for sale in certain areas is ample. On a bigger scale, nationwide sale... (read more) Latest Video Zillow: US won't see a buyer's market until 2020 Consumer confidence index hits high since October 2000 Sec. Mnuchin: I respect the Federal Reserves's independence Around the Web Calculated Risk Blog Freddie Mac: Mortgage Serious Delinquency Rate Decreased in July Calculated Risk Blog Zillow Case-Shiller Forecast: Slower House Price Gains in July Reuters U.S. banking regulator kicks off rewrite of community lending rules CNN Where is the US housing market headed? 4 things you need to know Calculated Risk Blog Update: A few comments on the Seasonal Pattern for House Prices CNBC Mnuchin says he's 'perfectly content' with what many see as a red flag on the economy CNBC The Trump tax cuts were supposed to depress housing prices. They haven't. Bloomberg Your Dovish Take on Powell Is Wrong, Goldman Tells Bond Traders Bloomberg Mnuchin Isn't Worried About the Yield Curve Calculated Risk Blog Richmond Fed: "Fifth District Manufacturing Firms Reported Strong Growth in August" CNBC Consumer confidence hits 133.4 in August, vs. 126.7 estimate Reuters U.S. goods trade deficit rises as exports fall CNBC Goldman teams up with a real estate startup in push to make more home-improvement loans

© 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.