In most parts of the country owning a home is more affordable than renting one according to ATTOM Data Solutions' 2021 Rental Affordability Report . The company looked at the median price of a three-bedroom home in 915 U.S. counties and the rent for a comparable home and found owning more affordable 572 or 63 percent of them. The company says this has happened despite home prices increasing faster than rents in 83 percent of the counties and faster than wages in two-thirds. Renting, however, remains more affordable in the biggest cities. "Home-prices are rising faster than rents and wages in a majority of the country. Yet, home ownership is still more affordable, as amazingly low mortgage rates that dropped below 3 percent are helping to keep the cost of rising home prices in check," said Todd

January 11, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman Sales Management, MLO Jobs; Recruiting, VA IRRRL, Non-QM Products; Litigation is Expensive; HMDA Season has Begun! Of course some found humor in last week’s riot in Washington DC. (“In light of recent events, Mexico has decided that it will pay for the wall after all. And Canada wants one as well.”) For others, as heard in these messages from Re... (read more) Housing News Still Cheaper to Own than Rent in Majority of U.S. Counties In most parts of the country owning a home is more affordable than renting one according to ATTOM Data Solutions' 2021 Rental Affordability Report . The company looked at the median price of a three-bedroom home in 915 U.S. counties and the rent for ... (read more) Mortgage Rate Watch Mortgage Rates Are Actually HIGHER Today and This Week Mortgage rates moved higher today, but only a modest pace compared to yesterday (read more about yesterday's rate rout HERE ). Over the past two days, the average rate quote for a top tier conventional 30yr fixed loan has risen by an eighth of a perc... (read more) Housing News Black Knight Notes Slowdown in Forbearance Improvement A month end wave of plan expirations in December led to a substantial decline in the number of active forbearances during the first week of 2021. Black Knight says there were 92,000 fewer active plans as the week ended, a decline of 3 percent and the... (read more) Housing News Pandemic Took a Bigger Bite Out of Upbeat Housing Attitudes in December That the pandemic is worse today than it was last spring appears to be finally dawning on a lot of consumers and the Home Purchase Sentiment Index (HPSI) for December reflects it. Fannie Mae says its index, based on six questions from its monthly Nat... (read more) MBS Commentary MBS Live Recap: Things Are Getting Ugly For Bonds Selling Spree Continues; MBS Underperforming Earlier in the day, Treasuries looked to be selling off at a slower pace versus the past few trading sessions.  After sharp spikes in yields, this is the kind... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% 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 99.72 +0.08 Price / Yield Change MBS UMBS 5.5 99.74 +0.10 UMBS 6.0 101.53 +0.10 GNMA 5.5 99.94 +0.08 GNMA 6.0 101.43 +0.08 Pricing as of: 7/6 10:16PM EST 10 Year US Treasury 4.3339 -0.0128 Price / Yield Change US Treasury 2 YR Treasury 3.853 -0.030 5 YR Treasury 3.909 -0.028 7 YR Treasury 4.101 -0.023 10 YR Treasury 4.330 -0.017 30 YR Treasury 4.860 -0.003 Pricing as of: 7/6 10:16PM EST Latest Video Why this investor isn't worried about the 10-year Treasury yet The Bond Report - 9am - January 11, 2021 Mohamed El-Erian: Rising treasury yields are flashing a warning sign How European lockdowns could put a freeze on U.S. retail Around the Web Calculated Risk Blog MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 5.46%" Calculated Risk Blog Sacramento Housing in December: Sales increase 23% YoY, Active Inventory down 44% YoY CNBC Fed's Bostic sees possible interest rate hike as soon as the second half of next year CNBC What rising rates could mean for the stock market Calculated Risk Blog Housing Inventory Weekly Update: Starting the Year at Record Lows NAR - Realtor.com Fannie, Freddie Tighten Rules for Condos in Vacation Locales Calculated Risk Blog Seattle Real Estate in December: Sales up 31% YoY, Inventory UP 39% YoY NAHB Eye on Housing Sharp Rebound in Real GDP in All States and D.C. in the Third Quarter of 2020 Calculated Risk Blog Seven High Frequency Indicators for the Economy NAR - Realtor.com If a Sale Doesn't Go Through, Who Pays the Appraisal Fee? NAR - Realtor.com How the Rollout of COVID-19 Vaccines Could Helpand Hurtthe U.S. Housing Market Calculated Risk Blog Q4 GDP Forecasts Yahoo News Fed transcripts show doubts about need for 2015 rate hike

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