Like virtually all the experts, including those at the Federal Reserve, Freddie Mac's economists have reduced their expectations for economic growth . The company's March forecast is for growth in the first quarter of 2019 to shrink to 1.2 percent. They do see it regaining its footing later in the year, but it will still decelerate from 2018 to 2.0 percent this year and 1.8 percent in 2020. They blame the first quarter retrenchment on a decline in residential fixed investment, consumer spending, and the effects of the partial government shutdown in January. The economists see a brighter picture for the real estate market , with the significant decline in mortgage rates since last fall being one of the main drivers of improvement. The forecast is for existing home sales to bounce back and trend

March 22, 2019 Download our Mobile App: Download our Mobile App: Housing News Freddie Downgrades Economic Forecast but Bullish on Housing Like virtually all the experts, including those at the Federal Reserve, Freddie Mac's economists have reduced their expectations for economic growth . The company's March forecast is for growth in the first quarter of 2019 to shrink to 1.2 percent. T... (read more) Housing News Existing Homes Sales Post Huge February Gain Existing home sales took off like a rocket in February, with strong results in three of the four major regions. The National Association of Realtors® (NAR) said single-family homes, townhouses, condominiums and cooperative apartments were sold du... (read more) MBS Commentary MBS Live Day Ahead: Here's That Mid-March Breakout We Were Looking For Sometimes a plan comes together and sometimes an educated guess pans out.  While it's never safe to plan on any future reality (other than "uncertainty") when it comes to financial markets, there are times where a certain series of events seem... (read more) Mortgage Rate Watch Mortgage Rates Move Deeper Into Long-Term Lows Granted, we're not back to the sub-4% mortgage rates that dominated much of the past 8 years, but breaking into the high 3% range is a valid consideration after the past few days. Yesterday's surprising Fed news hit the rates that were already holdin... (read more) Rob Chrisman Enforcement Action Webinar; Non-QM Snapshot; German 10-year Yield Drops Below 0% Congrats to former President Jimmy Carter. As of today he is no longer just the oldest living U.S. president, but now is the longest-living in the nation's history. Created in 1986 LIBOR was not around during his presidency, but the transition away f... (read more) MBS Commentary MBS Live Recap: Bonds Take a Day to Digest Fed Day as Stocks Finally React Apparently it took the 9:30am NYSE opening bell ringer for stocks to truly realize what just happened.  The Fed announcement on Wednesday was their way of saying "sorry" to stocks for the "steady as she goes" approach to tighter monetary policy ... (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 -0.03 GNMA 5.5 99.72 -0.05 GNMA 6.0 101.29 -0.04 Pricing as of: 7/23 8:32AM EST 10 Year US Treasury 4.3574 +0.0114 Price / Yield Change US Treasury 2 YR Treasury 3.842 +0.013 5 YR Treasury 3.898 +0.013 7 YR Treasury 4.111 +0.012 10 YR Treasury 4.359 +0.013 30 YR Treasury 4.929 +0.012 Pricing as of: 7/23 8:32AM EST Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web Calculated Risk Blog BLS: Unemployment Rates at New Series Lows in Alabama, North Dakota, Tennesse and Vermont CNBC The Fed's policy switch may be too late to save the economy from fading CNBC Mortgage rates are breaking to new lower territory, and they could stay there for months Bloomberg Fed's Pivot Marks a Major Break Bloomberg May Gets Two Week Brexit Delay: Now What? Bloomberg All Signs Point to a Housing Boom Ahead Calculated Risk Blog Comments on February Existing Home Sales Bloomberg Key Part of U.S. Curve Inverts for First Time Since 2007: Chart Bloomberg New Abnormal Marks a Watershed Moment in a Low-Rate World Reuters U.S. existing home sales surge, boosted by Fed's signal on rates NAHB Eye on Housing Builders' Profit Margins Continue to (Slowly) Increase Reuters Trump: China trade deal likely; automakers can avoid tariffs with U.S. plants CNBC Trump says GDP would have topped 4% if Fed had halted rate hikes sooner

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