The conforming loan limit for most of the U.S. will, quite predictably, move higher on January 1. The Federal Housing Finance Agency announced on Tuesday that the maximum origination balance for loans purchased or acquired by the GSEs Fannie Mae and Freddie Mac during 2020 will increase to $510,400. The conforming limit for 2019 is $484,350. In areas where the median home value is 115 percent of the new baseline loan limit the conforming limit is higher than that baseline but cannot exceed 150 percent of it. That calculation caps the loan limit for these "high cost" areas at $765,600, or 150 percent of $510,400. The high cost limit this year is $726,525. Special statutory provisions establish different loan limit calculations for Alaska, Hawaii, Guam, and the U.S. Virgin Islands. For 2020 the

November 26, 2019 Download our Mobile App: Download our Mobile App: Housing News Conforming Loan Limit Increased to $510,400 The conforming loan limit for most of the U.S. will, quite predictably, move higher on January 1. The Federal Housing Finance Agency announced on Tuesday that the maximum origination balance for loans purchased or acquired by the GSEs Fannie Mae and ... (read more) Housing News New Home Sales Highest in 12 Years The headline for the new home sales report for October was the year-over-year increase in sales. While sales of newly constructed homes were actually slightly lower than in September, they surged to surpass sales a year earlier by 31.6 percent, more ... (read more) Housing News Are Home Prices Finally Done Decelerating? While it is only incremental, home price increases appear to have stopped decelerating and are again creeping slowly upward . Both the S&P CoreLogic Case-Shiller Indices and the Federal Housing Finance Agency's (FHFA's) Housing Price Index (HPI) ... (read more) MBS Commentary MBS Live Day Ahead: New Loan Limits Expected Today; Grain of Salt for Rallies Bonds have been doing fairly well for the past 2.5 weeks as yields have backed down from the 3-month highs seen at the beginning of the month.  Over the past 4 business days, momentum has been more sideways than anything as traders look to be ci... (read more) Rob Chrisman Compliance Jobs; Broker, Portfolio Marketing Products; CFPB is Taking on LO Comp “Rob, with the announcement a while back that Quicken Loans inked a mortgage deal with Charles Schwab, and now with Schwab buying TD Ameritrade, do you think Quicken will go after those customers as well?” Gee, do ya’ think? And for... (read more) Mortgage Rate Watch Mortgage Rates Fall Back to Recent Lows Mortgage rates recovered today after moving higher for the first time in nearly 2 weeks yesterday. In the bigger picture, rates have been in a back-and-forth pattern near long-term lows. Most of October and early November were spent with rates moving... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 6:12AM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 6:12AM EST Latest Video Dow, S&P 500 and Nasdaq close at record highs New home sales dipped in October, but the sector shows strength overall yea... New home sales miss expectations, down 0.7% vs. a 0.6% increase Consumer Sentiment Index misses expectations in November Around the Web Reuters Wall Street climbs to records, fueled by trade comments NPR 'Bomb Cyclone' Winter Storm Will Hit U.S. As Thanksgiving Nears, Forecasters Warn Reuters S&P 500 earnings swoon seen extending to fourth quarter CNBC Fed's Brainard argues for capping interest rate levels during the next downturn Calculated Risk Blog A few Comments on October New Home Sales Reuters U.S.-China trade deal close, White House says, after negotiators speak by phone Reuters U.S. goods trade deficit narrows sharply in October CNBC Home price gains accelerate in September, S&P Case-Shiller Index says CNBC Dallas Fed President Robert Kaplan says the fourth-quarter economy is 'weak' FHFA FHFA Announces Maximum Conforming Loan Limits for 2020 Bloomberg China's Planned Dollar Bond Sets Aside U.S. Decoupling Worries consumerfinancemonitor.com Trade groups respond to motion to dismiss lawsuit challenging Nevada law allowing applicant to rely on spouse's or former spouse's credit report Bloomberg Global Trade Momentum Rises for First Time in Four Months

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