One of the original and most well-known housing market IBuyers has bit the dust. Zillow announced last week that it is discontinuing its Zillow Offers , a program through which the company bought homes directly from owners, made necessary improvements, and listed them for resale. A message on the Zillow Offers landing page says, "Zillow Offers is winding down, which means we are not making any new offers on homes. We're focused on helping existing customers and selling our remaining inventory. If you're looking to sell, we can connect you with an expert agent in your market." Customers with a Zillow contract are advised to log into their account for further information. In late October the company announced it was suspending acquisitions through the end of the year. This announcement makes

November 9, 2021 Download our Mobile App: Download our Mobile App: Housing News Zillow Offers Shuts Down One of the original and most well-known housing market IBuyers has bit the dust. Zillow announced last week that it is discontinuing its Zillow Offers , a program through which the company bought homes directly from owners, made necessary improvement... (read more) Rob Chrisman VA Cashout, HELOC Servicing, Bilingual Tools; Disaster Updates; Jumbo and Non-QM Updates Starting today I’m in Oklahoma City for the OMBA Conference . The median home price here is roughly $150,000 and housing prices are up nearly 7 percent in the last year, ahead of the 5.4 consumer inflation rate. Life is filled with numbers. I w... (read more) Housing News Forbearances Drop 100K Over Last Two Weeks Following a quiet week in which only 19,000 homeowners exited forbearance, Black Knight reports that the week ended November 2nd saw 85,000 departures. The typical month-end surge marked the final expiration of many forbearance plans which have a max... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.29% -0.16% Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% -0.16 0.00 15 Yr. Fixed 5.60% -0.21 0.00 30 Yr. FHA 5.95% -0.08 0.00 30 Yr. Jumbo 6.25% -0.15 0.00 7/6 SOFR ARM 5.59% -0.21 0.00 30 Yr. VA 5.97% -0.08 0.00 Updates Daily - Last Update: 9/5 15 Yr. Fixed Rate 5.60% -0.21% 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 MBS / Treasuries UMBS 30YR 5.5 101.13 +0.32 MBS Price Change UMBS 5.0 99.47 +0.46 UMBS 5.5 101.13 +0.32 UMBS 6.0 102.48 +0.16 GNMA 5.0 99.83 +0.48 GNMA 5.5 101.13 +0.25 GNMA 6.0 102.13 +0.03 Pricing as of: 9/7 3:09AM EST 10 Year US Treasury 4.0867 -0.0711 US Treasury Yield Change 2 YR Treasury 3.517 -0.072 5 YR Treasury 3.589 -0.055 7 YR Treasury 3.800 -0.061 10 YR Treasury 4.087 -0.071 30 YR Treasury 4.770 -0.090 Pricing as of: 9/7 3:09AM EST Latest Video The Fed is behind the curve, MKM's Darda says The 9am Bond Report - November 9, 2021 October producer price index rises 0.6%, in line with estimates The 2pm Bond Report - November 8, 2021 Around the Web Calculated Risk Blog 2nd Look at Local Housing Markets in October: Memphis, Nashville, New Hampshire, North Texas (Dallas) and San Diego. Calculated Risk Blog NY Fed Q3 Report: Total Household Debt Climbs to Over $15 trillion CNBC Wholesale prices rise 8.6% year over year in October, tied for highest ever CNBC China's property market debt could weigh on the economy for years, economist George Magnus warns CNBC Treasury yields fall ahead of inflation data Calculated Risk Blog Fed Survey: Banks reported Eased Standards, Weaker Demand for Residential Real Estate Loans Calculated Risk Blog Housing Inventory Nov 8th Update: Inventory Down 3.1% Week-over-week Calculated Risk Blog Homebuilder Comments in October: "Builders are lifting sales caps" Reuters Global stocks climb as investors anticipate U.S. inflation status, Treasuries dip Calculated Risk Blog Fed Governor Bowman: The U.S. Housing and Mortgage Market: Risks and Resilience CNBC Randal Quarles to resign at year-end, paving way for Biden to further remake the Federal Reserve CNBC Fed Vice Chair Clarida says another year of inflation like this one would not be 'a policy success' CNBC Treasury yields start the week higher with focus on inflation data

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