For all practical purposes, the year is over when it comes to mortgage rate volatility. True, there is some small chance that political developments conspire to push rates just a bit higher in the next two days, but the damage would be insignificant in the bigger picture. In other words, we're looking at "all-time low " rates today versus "rates that are close enough to all-time lows that no one would really notice the difference" in the event of more negative outcomes. The catch is that these sorts of assumptions get increasingly risky as the new year commences. Especially concerning for bonds (which dictate rates) is the Georgia senate election. This has nothing to do with political opinion and everything to do with the nature of stimulus and government funding. Specifically, democrats and

January 4, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Jan 4, 2021 Mortgage Rates Closing Out The Year at Record Lows Tue, Dec 29, 2020 3:50PM For all practical purposes, the year is over when it comes to mortgage rate volatility. True, there is some small chance that political developments conspire to push rates just a bit higher in the next two days, but the damage would be insignificant in the bigger picture. In other words, we're looking at "all-time low " rates today versus "rates that are close enough to all-time lows that no one would really notice the difference" in the event of more negative outcomes. The catch is that these sorts of assumptions get increasingly risky as the new year commences. Especially concerning for bond... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 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 5.5 101.08 +0.00   97.47 101.61 UMBS 30YR 6.0 102.38 +0.00   99.66 102.50 10 YR Treasury 4.083 -0.001   3.621 4.780 MBS Live Recap: Markets Back in Action, Hurrying Up and Waiting Mon, Jan 4, 2021 4:17PM Markets Back in Action, Hurrying Up and Waiting Bonds were back in action today although you'd hardly know it based on the narrow trading range.  Stocks were much more willing to put on a show with S&P futures down 1.5% by the close.  Bonds gleaned some small benefit from that, perhaps, as 10yr Treasuri... (read more) MBS Price Change UMBS 5.0 99.47 +0.03 UMBS 5.5 101.07 +0.00 UMBS 6.0 102.38 +0.00 GNMA 5.0 99.75 +0.02 GNMA 5.5 101.03 -0.02 GNMA 6.0 102.02 +0.05 Pricing as of: 9/9 10:51PM EST US Treasury Yield Change 2 YR Treasury 3.551 -0.017 5 YR Treasury 3.611 -0.016 7 YR Treasury 3.811 -0.022 10 YR Treasury 4.084 +0.001 30 YR Treasury 4.729 -0.005 Pricing as of: 9/9 10:51PM EST Other News Pending Home Sales Slide a Bit After Banner Year Wed, Dec 30, 2020 11:28AM Pending home sales slid for the third straight month in November and the 2.6 percent decline was the largest of the three. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a leading indicator of sales of existing single-family homes, townhomes, condominiums, and cooperative apartments, dipped to 125.7 from its 128.9 l... (read more) Home Price Gains Continued Through October, Fastest Rate in 6 Years Tue, Dec 29, 2020 10:00AM The headline for the October S&P CoreLogic Case-Shiller home price report is yet another month of escalating gains. The National Home Price Index which covers all nine U.S. census divisions posted an annual increase of 8.4 percent compared to a 7.0 percent change in September. The National Index posted a 1.4 percent month-over-month increase before seaso... (read more) Can a Grocery Store Really Affect Your Home's Value? Mon, Dec 28, 2020 11:54AM As studies go, ATTOM Data Solutions Grocery Store Wars analysis is kind of silly. But at this point in this year, kind of silly is sort of welcome. Keep chickens and eggs in mind and make of this what you will. The company looked at how the proximity of different grocery stores might affect a home's value , both for homeowners and investors. They looked spec... (read more) MLO, Ops Jobs; COO Seeking Role; Subservicer, URLA, VA IRRRL, HELOC, MSR Products; Non-QM lender Rebrand Mon, Jan 4, 2021 11:08AM Here we are on the first business day of 2021, the year of the movie Mad Max 2. (It is so much easier saying “2020” than “2021,” right?) Last year, as one industry vet wrote me, was “The Year Of The Genius” in mortgage banking. It seems that everyone is talking about record-breaking volume, margin, and income. “The i... (read more) Latest Video We’re a long way from getting comfortable in markets due to the pandemic: M... Chicago Fed President: It will take years to get inflation to 2% The Bond Report - 9am - January 04, 2020 Wells Fargo: Look for housing to have another good year in 2021 Around the Web CNBC British Prime Minister Boris Johnson imposes national lockdown on England to combat new Covid variant Calculated Risk Blog Update: Framing Lumber Prices More Than Double Year-over-year NAHB Eye on Housing Home Price Appreciation Continued in October CNBC Here are the issues at play in the Georgia Senate runoffs Calculated Risk Blog Seven High Frequency Indicators for the Economy CNBC Treasury yields rise to start the new year Calculated Risk Blog Schedule for Week of January 3, 2021 news.google.com Mortgage rates begin 2021 at a place no one would have believed a year ago news.google.com These are the 7 biggest tax changes for 2021 - Yahoo Finance Calculated Risk Blog Hotels: Occupancy Rate Declined 33.0% Year-over-year, 2020 Worst Year on Record Calculated Risk Blog Weekly Initial Unemployment Claims decreased to 787,000 NAHB Eye on Housing Top Posts of 2020: Largest Four-Month Lumber Price Increase in 70 Years CNBC Inflation is poised to rear its head in 2021 but may not stick around long

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