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: 30 Yr. Fixed 6.34% +0.06%   6.13% 7.26% 15 Yr. Fixed 5.82% +0.01%   5.6% 6.59% 30 Yr. Jumbo 6.32% +0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Nov 26, 2019 Mortgage Rates Fall Back to Recent Lows Tue, Nov 26, 2019 4:31PM 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 higher in that pattern after late September marked a surge lower. While we wouldn't call the past few weeks a "surge" per se, they've at least been moving in the right direction. The average lender improved back to levels seen about a week ago. Those were the best offerings in roughly 3 weeks. That said, we're only talking about small moves in the... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.34% +0.06 0.00 15 Yr. Fixed 5.82% +0.01 0.00 30 Yr. FHA 6.06% +0.05 0.00 30 Yr. Jumbo 6.32% +0.02 0.00 7/6 SOFR ARM 5.98% +0.09 0.00 30 Yr. VA 6.08% +0.05 0.00 Updates Daily - Last Update: 11/3 Freddie Mac Rate Change Points 30 Yr. Fixed 6.17% -0.02 0.00 15 Yr. Fixed 5.41% -0.03 0.00 Updates Weekly - Last Update: 10/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.45 -0.11   95.05 100.11 UMBS 30YR 5.5 101.00 -0.05   97.47 101.40 10 YR Treasury 4.107 +0.032   3.932 4.780 MBS Live Day Ahead: New Loan Limits Expected Today; Grain of Salt for Rallies Tue, Nov 26, 2019 9:10AM 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 circling the wagons heading into the Thanksgiving holiday and month-end. As that sideways vibe set in, 1.74... (read more) MBS Price Change UMBS 4.5 97.35 -0.21 UMBS 5.0 99.46 -0.10 UMBS 5.5 101.00 -0.06 GNMA 4.5 97.45 -0.20 GNMA 5.0 99.61 -0.12 GNMA 5.5 100.81 -0.01 Pricing as of: 11/3 2:01PM EST US Treasury Yield Change 2 YR Treasury 3.600 +0.027 5 YR Treasury 3.717 +0.034 7 YR Treasury 3.901 +0.028 10 YR Treasury 4.107 +0.032 30 YR Treasury 4.690 +0.037 Pricing as of: 11/3 2:01PM EST Other News Conforming Loan Limit Increased to $510,400 Tue, Nov 26, 2019 11:55AM 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 t... (read more) New Home Sales Highest in 12 Years Tue, Nov 26, 2019 10:56AM 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 than doubling the annual increase the prior month. The U.S. Census Bureau and Department of Housing and Urban ... (read more) Are Home Prices Finally Done Decelerating? Tue, Nov 26, 2019 10:28AM 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) for September posted small annual gains when compared to their previous month's numbers. S&P National Inde... (read more) Compliance Jobs; Broker, Portfolio Marketing Products; CFPB is Taking on LO Comp Tue, Nov 26, 2019 8:54AM “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 anyone selling loans, or originating loans, I received this note yesterday. “Rob, have you heard of the... (read more) 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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