Optimism is running high in Fannie Mae's first Economic and Housing Outlook of the year. The company's Economic and Strategic Research (ESR) team says expanding vaccination efforts, the potential of greater than previously expected fiscal stimulus, and the end of winter all "point to an economy ready to take off once COVID-19-related effects begin to subside." The company says that economic growth probably flatlined in November and December and it revised its final GDP estimate for the year down to a negative 2.7 percent. The economy is now poised to expand, although probably not before late spring. The ESR team has raised its expectations for 2121 from 4.5 percent growth in last month's report to 5.3 percent and by 0.4 points for 2022 to 3.6 percent. The Federal Reserve has stated it intends

January 22, 2021 Download our Mobile App: Download our Mobile App: Housing News Upbeat 2021 Econ Forecast From Fannie Mae Optimism is running high in Fannie Mae's first Economic and Housing Outlook of the year. The company's Economic and Strategic Research (ESR) team says expanding vaccination efforts, the potential of greater than previously expected fiscal stimulus, a... (read more) Mortgage Rate Watch Mortgage Rates Almost Back to Early January Levels 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... (read more) Rob Chrisman MLO Jobs; Broker, Recruiting, HELOC Products; Freddie and Fannie Compliance Reminders This week Joe Exotic did not receive a presidential pardon, nor did mortgage rates move much versus last week, but there are still over 16 million refinance candidates who meet broad-based eligibility criteria and could also cut their first mortgage ... (read more) Housing News End-of-Year Delinquencies a Challenge for 2021 Mortgage performance understandably deteriorated over the course of 2020. Black Knight, in its "first look" at December data, noted that the year ended with 1.54 million more delinquent mortgages and 1.7 million more that were seriously delinquent th... (read more) Housing News Existing Home Sales Reach Highest Levels Since 2006 Existing home sales resumed an upward trajectory in December. After drifting lower by 2.5 percent in November, breaking a five-month streak of gains , the National Association of Realtors® (NAR) said sales in the last month of the year rose 0.7 p... (read more) MBS Commentary MBS Live Recap: Calm Week Ends on an Even Calmer Note Calm Week Ends on an Even Calmer Note It's rare to see non-holidays Fridays in January be quite as underwhelming as today turned out to be.  Bonds remained locked perfectly inside prevailing trends. ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% -0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% -0.05 0.00 15 Yr. Fixed 5.91% -0.05 0.00 30 Yr. FHA 6.20% -0.02 0.00 30 Yr. Jumbo 6.80% -0.04 0.00 7/6 SOFR ARM 6.33% 0.00 0.00 30 Yr. VA 6.22% -0.01 0.00 Updates Daily - Last Update: 6/30 15 Yr. Fixed Rate 5.91% -0.05% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 100.02 +0.21 Price / Yield Change MBS UMBS 5.5 100.05 +0.24 UMBS 6.0 101.68 +0.17 GNMA 5.5 100.19 +0.19 GNMA 6.0 101.49 +0.13 Pricing as of: 6/30 5:59PM EST 10 Year US Treasury 4.2290 -0.0523 Price / Yield Change US Treasury 2 YR Treasury 3.721 -0.029 5 YR Treasury 3.798 -0.036 7 YR Treasury 3.992 -0.043 10 YR Treasury 4.230 -0.051 30 YR Treasury 4.776 -0.055 Pricing as of: 6/30 5:59PM EST Latest Video The Bond Report - 9am - January 21, 2021 Deese: White House to discuss need for stimulus with senators on Sunday United Wholesale Mortgage CEO Mat Ishbia on Wall Street debut Existing home sales climb 0.7% in December 2020 Around the Web Redfin Smart Living: The Latest Smart Home Tech to Add to Your Home CNBC Still no stimulus check? Biden executive order aims to speed up payments for 8 million people Calculated Risk Blog Comments on December Existing Home Sales Calculated Risk Blog Q4 GDP Forecasts CNBC States will soon start giving out $25 billion in rental assistance. How to apply news.google.com The housing market caps off a historic year: Morning Brief Calculated Risk Blog Black Knight: National Mortgage Delinquency Rate Decreased in December CNBC 10-year Treasury yield flat amid stimulus and coronavirus concerns 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

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