Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 15.2 percent in December, a substantial change from the 0.4 percent gain in November. The portfolio balance at the end of the period was $2.33 trillion compared to $2.302 trillion at the end of November and $2.182 trillion a year earlier. The growth rate for all of 2019 was 6.8 percent. Purchases and Issuances totaled $65.80 billion and Sales were ($780) billion. The November numbers were $55.45 billion and ($5.63) billion respectively. Single-family refinance loan purchase and guarantee volume was $30.5 billion in December compared to $26.8 billion in November and representing a 56 percent share of total single-family mortgage portfolio purchases and issuances compared to 59 percent the previous

January 28, 2020 Download our Mobile App: Download our Mobile App: Housing News Refis Made up More Than Half of Freddie Mac December Business Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 15.2 percent in December, a substantial change from the 0.4 percent gain in November. The portfolio balance at the end of the period was $2.33 trillio... (read more) Housing News Home Price Gains Resumed in November The recent re-acceleration of home price gains continued in November. The S&P CoreLogic Case-Shiller U.S. National Home Price Index which covers all nine U.S. census divisions, reported a 3.5 percent annual gain for the month, up from 3.2 percent... (read more) MBS Commentary MBS Live Day Ahead: Range Breakout Continues But Additional Gains Aren't Guaranteed Bonds finally broke out of one of their prevailing ranges yesterday as Wuhan virus fears reached a new level.  Some may roll their eyes at this sort of thing serving as the source of so much market movement, but it is what it is.  SARS push... (read more) Rob Chrisman Subservicer, Cost-Cutting Products; Customer Satisfaction Awards Loan officers and lenders know that the population in the United States continues to shift, and this creates some continued great opportunities to increase business. Put another way, it doesn’t matter what rates are when a half a million people... (read more) Housing News New Home Sales Pull Back Slightly in December; Year-Over-Year Gains Continue A lot of expectations and optimism were probably dashed by the December report on new home sales from the Census Bureau and Department of Housing and Urban Development. Analysts were expecting sales to build on the November seasonally adjusted annual... (read more) Mortgage Rate Watch Mortgage Rates Edge Higher From Long-Term Lows Mortgage rates were steady to slightly higher today, leaving the average lender just a hair above the lowest rates in months, and still very close to the lowest rates in more than 3 years. The coronavirus outbreak is still a relevant consideration fo... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% +0.02 0.00 15 Yr. Fixed 6.02% +0.03 0.00 30 Yr. FHA 6.34% +0.05 0.00 30 Yr. Jumbo 6.90% +0.01 0.00 7/6 SOFR ARM 6.45% +0.10 0.00 30 Yr. VA 6.35% +0.05 0.00 Updates Daily - Last Update: 7/8 15 Yr. Fixed Rate 6.02% +0.03% 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 99.44 -0.01 Price / Yield Change MBS UMBS 5.5 99.46 +0.01 UMBS 6.0 101.34 +0.01 GNMA 5.5 99.63 +0.01 GNMA 6.0 101.25 -0.01 Pricing as of: 7/9 4:16AM EST 10 Year US Treasury 4.3993 -0.0069 Price / Yield Change US Treasury 2 YR Treasury 3.893 -0.002 5 YR Treasury 3.972 +0.001 7 YR Treasury 4.169 -0.005 10 YR Treasury 4.396 -0.010 30 YR Treasury 4.916 -0.012 Pricing as of: 7/9 4:16AM EST Latest Video CNBC poll: GDP forecast at 2% this year and next January consumer confidence index jumps to 131.6 US durable goods orders up 2.4% percent in December Here's how long investors and economists think the Fed will be on hold Around the Web CNBC Coronavirus, repo market and the reserve rate: What to watch this week from the Fed Reuters Countdown to recession: What an inverted yield curve means Calculated Risk Blog Update: A few comments on the Seasonal Pattern for House Prices Calculated Risk Blog Richmond Fed: Manufacturing Activity Rebounded in January CNBC US consumer confidence jumps in January to 131.6, vs 128 expected CNBC US core capital goods orders post biggest drop in 8 months CNBC Treasury yields tick higher ahead of Fed meeting Reuters For Fed, 'material reassessment' may be in eye of beholder Reuters Asian shares, bond yields fall as deadly coronavirus spreads Calculated Risk Blog New Home Prices CNBC BlackRock's bond chief Rieder sees yields dropping further amid risks from virus and election Reuters U.S. stock rally faces major test as China virus spreads CNBC Mortgage rates drop to 5-month low as coronavirus fears fuel the bond market

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