Mortgage Rate Update Considering this week's generally positive drift in rates, we shouldn't expect lenders to get less busy any time soon. In recent weeks, there's been a sense that mortgage pricing seems just a little bit "off" compared to expectations. Those expectations are primarily derived from movement in the bond market. When bonds improve, rates tent to improve as well, but that wasn't reliably happening recently. One plausible hunch involves lenders being a bit more cautious with pricing until they have a clear sense of which loans will be subject to the new adverse market fee (not sure what that is? read THIS ). With each passing day, they can be more and more certain that new loans will indeed get hit with the fee and thus are able to tighten up margins (thus resulting in slightly

September 25, 2020 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Stellar Housing Data; Rates Inching Lower Mortgage Rate Update Considering this week's generally positive drift in rates, we shouldn't expect lenders to get less busy any time soon. In recent weeks, there's been a sense that mortgage pricing seems just a little bit "off" compared to expectat... (read more) MBS Commentary MBS Live Recap: Treasuries, MBS Back on Same Page After 2 Weeks On Different Paths Treasuries, MBS Back on Same Page After 2 Weeks On Different Paths MBS prices were generally losing ground, albeit at a modest pace, over the past two weeks.  That's no big deal in and of itself, but Tre... (read more) Housing News Forbearances Ending at a Faster Pace Black Knight said its weekly forbearance survey found the number of mortgages in active forbearance decreasing at an accelerated rate. Those mortgages fell by 2.6 percent or 95,000 loans over the last week, bring the decline over the last month to 35... (read more) Housing News 70% of Freddie's Portfolio Suggests Refis Aren't Dead Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 27.7 percent in August compared to a 20.0 percent gain in July. The portfolio balance at the end of the period was $2.533 trillion compared to $2.476 ... (read more) Housing News FHFA's Official Report on Q2 Mortgage Relief Numbers In its 2 nd quarter Foreclosure Prevention and Refinance Report the Federal Housing Finance Agency (FHFA) says it has helped almost 4.7 million distressed homeowners since it became conservator of the GSEs Fannie Mae and Freddie Mac in August 2008. O... (read more) Rob Chrisman Sales and Ops Jobs; Marketing and Credit Products; Cybercrime Update; Watching the Stimulus Quagmire TGIF! Do Fridays mean as much as they did up until mid-March? Yes! Well, maybe. How about some non-mortgage stuff? There is, after all, life outside of RESPA. It’s crazy at the nursery via webcam at the Warrior Canine Puppy Live (although somet... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.97% +0.08% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.97% +0.08 0.00 15 Yr. Fixed 6.22% +0.08 0.00 30 Yr. FHA 6.47% +0.09 0.00 30 Yr. Jumbo 7.02% +0.07 0.00 7/6 SOFR ARM 6.40% +0.16 0.00 30 Yr. VA 6.50% +0.10 0.00 Updates Daily - Last Update: 6/6 15 Yr. Fixed Rate 6.22% +0.08% Rate Change Points Freddie Mac 30 Yr. Fixed 6.85% -0.04 0.00 15 Yr. Fixed 5.99% -0.04 0.00 Updates Weekly - Last Update: 6/5 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.92% -0.06 0.66 15 Yr. Fixed 6.25% +0.02 0.67 30 Yr. Jumbo 6.92% -0.01 0.60 Updates Weekly - Last Update: 6/4 MBS / Treasuries UMBS 30YR 5.5 98.57 -0.41 Price / Yield Change MBS UMBS 5.5 98.57 -0.41 UMBS 6.0 100.69 -0.31 GNMA 5.5 98.91 -0.38 GNMA 6.0 100.75 -0.22 Pricing as of: 6/6 11:10PM EST 10 Year US Treasury 4.5076 +0.1131 Price / Yield Change US Treasury 2 YR Treasury 4.037 +0.116 5 YR Treasury 4.123 +0.125 7 YR Treasury 4.313 +0.122 10 YR Treasury 4.508 +0.113 30 YR Treasury 4.963 +0.090 Pricing as of: 6/6 11:10PM EST Latest Video Why Latinos are driving the increase in homeownership Democrats' relief package could be voted on as soon as next week U.S. durable goods orders rose 0.4% in August, vs 1.8% increase expected Pace of mortgage bailouts improve as 3.6 million still delay payments Around the Web Calculated Risk Blog September Vehicle Sales Forecast: 5% Year-over-year Decline Brookings Institution Charts of the Week: Federal debt, middle-class income, rental housing distress NAR - Realtor.com U.S. Buyers Face Significant Inventory Shortages CNBC Taxes are likely to go up for the wealthy in these nine states Calculated Risk Blog Q3 GDP Forecasts CNBC It's not entirely clear how the government will pay for Trump's $200 Medicare cards CNBC Home remodeling during Covid-19'expect it to cost 50% more and take 50% longer,' says finance expert news.google.com Mnuchin and Powell back jobless aid and small business loans Calculated Risk Blog Lawler: Serious Delinquency Rate on FHA-Insured SF Loans Up Again in August Reuters U.S. core capital goods orders increase more than expected in August Redfin Home Prices Just. Keep. Climbing. National Median Now Up 14% from Last Year twitter.com FHFA Further Extends Buying Loans in Forbearance & COVID-Related Loan Processing Flexibilities Reuters TREASURIES-Yields dip on mixed economic data, stalled stimulus - Reuters

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