The Department of Housing and Urban Development (HUD) announced on Tuesday that it has extended eligibility for FHA mortgages to individuals who are classified under the Deferred Action for Childhood Arrivals program (DACA). These individuals are perhaps better known as "Dreamers." DACA status is granted to undocumented individuals who were brought into the country before their 16 th birthday and were under the age of 31 when the category was established in June 15, 2012. Residency requirements apply and individuals must be in school, have completed high school, obtained a GED certificate, or be honorably discharged from one of the military services. DACA status allows its holders to work legally in the U.S. and prevents their involuntary removal from the country for a two-year renewable term

January 21, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.25% -0.04%   6.11% 7.26% 15 Yr. Fixed 5.71% -0.01%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Jan 21, 2021 Mortgage Rates Almost Back to Early January Levels Thu, Jan 21, 2021 3:36PM Mortgage rates made more progress today, but only after some drama in the morning. The bond market started the day in weaker territory and many mortgage lenders were offering higher rates as a result. As the day progressed, bonds improved and lenders adjusted their offerings accordingly. By the afternoon, the average lender was in better territory than yesterday. The improvement is the latest in a string of slow, steady gains for the mortgage market. While the average lender is not yet quite back to the super low territory from early January, many are as close as they've been since the January... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.25% -0.04 0.00 15 Yr. Fixed 5.71% -0.01 0.00 30 Yr. FHA 5.99% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.64% -0.01 0.00 30 Yr. VA 6.01% 0.00 0.00 Updates Daily - Last Update: 9/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.29 0.00   97.47 101.61 UMBS 30YR 6.0 102.46 +0.00   99.66 102.50 10 YR Treasury 4.038 -0.002   3.621 4.780 MBS Live Recap: Bonds Push Back Against AM Weakness, But Risks Remain Thu, Jan 21, 2021 3:32PM Bonds Push Back Against AM Weakness, But Risks Remain Yields were breaking higher as the domestic session began with traders citing the European Central Bank (ECB) as the primary source of motivation.  The ECB changed its stance on one of its bond buying programs in a way that leaves the door open for less accom... (read more) MBS Price Change UMBS 5.0 99.89 -0.02 UMBS 5.5 101.28 -0.02 UMBS 6.0 102.44 -0.01 GNMA 5.0 100.20 -0.04 GNMA 5.5 101.24 +0.02 GNMA 6.0 102.00 +0.02 Pricing as of: 9/16 3:10AM EST US Treasury Yield Change 2 YR Treasury 3.541 +0.004 5 YR Treasury 3.610 +0.010 7 YR Treasury 3.794 +0.002 10 YR Treasury 4.042 +0.002 30 YR Treasury 4.665 +0.004 Pricing as of: 9/16 3:10AM EST Other News DACA "Dreamers" Given FHA Loan Eligibility Wed, Jan 20, 2021 3:08PM The Department of Housing and Urban Development (HUD) announced on Tuesday that it has extended eligibility for FHA mortgages to individuals who are classified under the Deferred Action for Childhood Arrivals program (DACA). These individuals are perhaps better known as "Dreamers." DACA status is granted to undocumented individuals who were brought into the ... (read more) Rising Material Prices and Lot Shortages Hurt January Builder Confidence Wed, Jan 20, 2021 11:45AM After setting three successive record highs, most recently a 90 level in November , the pandemic and rising construction costs are taking a toll on the Housing Market Index (HMI). The National Association of Home Builders (NAHB) said the index, which it sponsors with Wells Fargo, fell for the second straight month. A 3-point drop in the index, which measures... (read more) Construction Surges to Highest Levels in 15 Years Thu, Jan 21, 2021 10:28AM Residential construction finished out 2020 much more strongly than analysts had expected. The U.S. Census Bureau and Department of Housing and Urban Development reported significant increases in both residential permitting and housing starts in December , the second month in a row those numbers have grown. The numbers, however, took a hit in the Northeast. P... (read more) Ops, AE Jobs; Sales, Leadership, Tech, Pricing Tools; VA, Ginnie, FHA Changes Incl. URLA Update Wed, Jan 20, 2021 9:49AM In his Saturday Morning Cup of Joe , Jeremy Potter quipped, “The word ‘homeowners’ has the word ‘meow’ in it. Good luck unseeing that from now on.” Plenty of people are out there predicting the path of homeowners and homeownership. And there are those that say, “All forecasts are wrong, but some are useful.” It... (read more) Latest Video The Bond Report - 9am - January 21, 2021 Weekly jobless claims total 900,000, vs 925,000 estimate Treasury nominee Yellen says U.S. can afford a higher corporate tax rate if... Here's a look at the economy President-elect Biden will inherit Around the Web CNBC These are the five hottest and three coldest markets for home prices in 2021 Calculated Risk Blog Hotels: Occupancy Rate Declined 31.8% Year-over-year Calculated Risk Blog Comments on December Housing Starts NAHB Eye on Housing Confidence in Remodeling is Strong Despite COVID-19 Calculated Risk Blog Housing Starts increased to 1.669 Million Annual Rate in December CNBC Watch Christine Lagarde speaking after the ECB's latest policy move CNBC Weekly jobless claims total 900,000, vs 925,000 estimate CNBC European Central Bank keeps interest rates unchanged as new Covid lockdowns extend economic pain CNBC Treasury yields fall amid market highs following Biden's inauguration news.google.com Jobless claims preview: Another 935,000 Americans likely filed new unemployment claims last week - Yahoo Finance CNBC The Fed under Biden: New mandates, a close White House tie and big challenges ahead NPR President Biden Will Extend Student Loan Payment Freeze Through September 30 Calculated Risk Blog AIA: "Architecture Billings continue to lose ground" in December

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