Black Knight, in its "first look" at the month's loan data, says that mortgage delinquencies improved for the fifth consecutive month in October. The national delinquency rate fell another 3.3 percent from September to 6.44 percent, the lowest rate since last March. There were 3.437 million mortgages nationwide that were 30 or more days past due but not in foreclosure in October, down 105,000 loans in a month. Despite the five months of improvement, however, the national delinquency rate is 90 percent higher than in October 2019 , and the number of loans in the 30-day delinquency bucket is 1.651 million larger year-over-year. Black Knight's delinquent loan totals include those in active forbearance plans. Serious delinquencies are also in retreat. Loans that were 90 or more days past due but

November 23, 2020 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 Nov 23, 2020 Time Once Again to Discuss "All-Time Low" Mortgage Rates Thu, Nov 19, 2020 4:40PM August 4th, 2020 was the best day ever for mortgage rates . That's when we hit the lowest all-time lows we've ever seen, and none of the most prevalent news stories about all-time lows since then have been technically accurate. What's going on here? So many things... but they're not too complicated. First off, there is no universal mortgage rate . The closest thing to a purely universal benchmark that will ever exist is the trading price of the bonds that underlie the mortgage market. These bonds (mortgage-backed securities or MBS) determine how much mortgage loans are worth to investors, thus... (read more) 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 Recap: Bond Market Weakness Introduce Risk of In-Range Bounce Mon, Nov 23, 2020 4:34PM Bond Market Weakness Introduce Risk of In-Range Bounce Bonds were weaker overnight following European economic data and traded sideways for the entirety of the domestic session.  The weakness introduces a small risk that yields are bouncing on the lower end of their current trend channel (a series of lower highs... (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 6:22PM 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 6:22PM EST Other News Delinquencies Fell in October, but Still Nearly Double Those Last Year Mon, Nov 23, 2020 10:07AM Black Knight, in its "first look" at the month's loan data, says that mortgage delinquencies improved for the fifth consecutive month in October. The national delinquency rate fell another 3.3 percent from September to 6.44 percent, the lowest rate since last March. There were 3.437 million mortgages nationwide that were 30 or more days past due but not in f... (read more) Average Loan Taking Almost 2 Months to Close, But With Record Low Rates Thu, Nov 19, 2020 5:27PM Ellie Mae said the interest rate across all closed loans dropped below 3 percent for the first time in the nine years the company has been tracking the data. Ellie Mae is now a part of ICE Mortgage Technology, a division of Intercontinental Exchange, Inc., a NYSE listed firm. The company's Origination Insight Report shows that the 30-year note rate for VA lo... (read more) Forbearance Totals Edge Up After Two Week Decline Fri, Nov 20, 2020 12:07PM The forbearance plan rolls expanded slightly over the past week, reversing two weeks of falling numbers. Black Knight said the total of loans in approved plans, which had declined by 273,000 over the previous two weeks, rose by 30,000. This brings the number of forborne loans to 2.77 million or 5.2 percent of the country's 53 million active mortgages. Even w... (read more) Ops Manager, AE, MLO Jobs; Appraisal, Sales, Relationship Products; Debating Freddie and Fannie's Future Mon, Nov 23, 2020 10:02AM Sunday morning I was trying to explain to my cat Myrtle how the total cost of rescuing a stranded Matt Damon in all of his films (think Saving Private Ryan, Interstellar, The Martian) was an estimated $900 billion . She was not impressed, seeing as a) the scent of turkey in the refrigerator that is more captivating, and b) she overhears billions continually ... (read more) Latest Video Biden to nominate Janet Yellen for Treasury secretary: Dow Jones The 9 a.m. Bond Report: November 23, 2020 Economists forecast a difficult first quarter in 2021 as coronavirus cases ... Home Depot and Lowe's Q3 earnings prove home improvement is still hot Around the Web Calculated Risk Blog Chicago Fed National Activity "Index Suggests Economic Growth Increased in October" CNBC Economists are calling for more stimulus checks. Here's where assistance plans stand CNBC Retail trade group forecasts holiday sales rising 3.6% to 5.2% CNBC Regeneron will provide 300,000 doses of Covid treatment for U.S. by early January, CEO Schleifer says NAHB Eye on Housing Slab Foundations Are More Common in New Single-family Homes Calculated Risk Blog Seven High Frequency Indicators for the Economy NAHB Eye on Housing Custom Home Building: 3Q20 Data CNBC Treasury yields climb amid further Covid-19 vaccine developments news.google.com Black Friday Sales, Consumer Confidence: What to know in the week ahead CNBC Biden chooses former Fed Chair Janet Yellen to be Treasury secretary Calculated Risk Blog Two Key Economic Dates in December Calculated Risk Blog Quarterly Starts by Purpose and Design NAR - Realtor.com Home Buyers During Covid Say It Takes a Village To Find a House

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