Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 22.4 percent in December compared to a 29.5 percent gain in November. The portfolio balance at the end of the period was $2.740 trillion compared to $2.689 trillion the prior month and $2.301 trillion a year earlier. The growth rate for 2020 was 17.6 percent, up from 6.8 percent for all of 2019. Purchases and Issuances totaled $129.639 billion and Sales were ($1.330) billion. The November numbers were $155.291 billion and ($4.080) billion, respectively. Single-family refinance loan purchase and guarantee volume was $77.6 billion in December compared to $107.3 billion in November, representing a 70 percent share of total single-family mortgage portfolio purchases and issuances compared to 74 percent

February 1, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Feb 1, 2021 Mortgage Rates Hold Steady to Start New Week Mon, Feb 1, 2021 3:40PM Mortgage Rates did well last week, with the average lender getting very close to long-term lows by Wednesday. After that, however, volatility in the bond market caused some concern about an unfriendly shift in rate momentum. Today's trading helps soothe those concerns as the bond market (which dictates rates) held inside a narrow range very close to Friday's latest levels. The average mortgage lender offered rates that were at least as good as Friday's with purchases still seeing 2.5-2.625% and no-cash-out refis in the 2.75-2.875% neighborhood (this assumes a top tier conventional 30yr fixed l... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 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 5.5 101.26 -0.02   97.47 101.61 UMBS 30YR 6.0 102.50 -0.04   99.66 102.50 10 YR Treasury 4.046 +0.007   3.621 4.780 MBS Live Recap: Fairly Balanced Day For Bonds and Fairly Balanced Outlook For Now Mon, Feb 1, 2021 3:42PM Fairly Balanced Day For Bonds and Fairly Balanced Outlook For Now This morning's commentary discusses the two "teams" facing off for control of interest rate momentum: Team "Rising Rates" versus Team "Not So Fast."  Rising rates have been winning out since August (at least if you ask Treasury yields), but t... (read more) MBS Price Change UMBS 5.0 99.75 -0.03 UMBS 5.5 101.26 -0.02 UMBS 6.0 102.51 -0.03 GNMA 5.0 100.06 -0.02 GNMA 5.5 101.21 +0.02 GNMA 6.0 102.15 -0.03 Pricing as of: 9/9 12:40AM EST US Treasury Yield Change 2 YR Treasury 3.494 +0.007 5 YR Treasury 3.567 +0.006 7 YR Treasury 3.772 +0.004 10 YR Treasury 4.046 +0.006 30 YR Treasury 4.692 +0.002 Pricing as of: 9/9 12:40AM EST Other News Freddie Mac 2020 Portfolio Growth Doubles 2019's Mon, Feb 1, 2021 11:08AM Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 22.4 percent in December compared to a 29.5 percent gain in November. The portfolio balance at the end of the period was $2.740 trillion compared to $2.689 trillion the prior month and $2.301 trillion a year earlier. The growth rate for 2020 was 17.6 percent, ... (read more) Pending Home Sales' Recent Decline is Nothing Compared to Yearly Gains Fri, Jan 29, 2021 11:11AM Pending home sales retreated for the fourth straight month in December. The National Association of Realtors® (NAR) said its Pending Home Sales Index, which indicates contracts signed during the month to purchase single-family houses, townhomes, condos, and cooperative apartment. dipped 0.3 percent to 125.5. The decline was primarily due to fewer new con... (read more) Refi Demand Staying Strong Despite Rising Rates Mon, Feb 1, 2021 1:36PM The current Mortgage Monitor from Black Knight looks at the recent small increases in mortgage rates and their potential impact on home sales. The company says that Treasury yields have been rising with the 10-year up nearly 0.25 percent just since the January 5 Georgia senatorial runoff. While the spread between it and the 30-year mortgage rates absorbed pa... (read more) REIT, MLO, Bus. Dev. Jobs; Warehouse, MI, AMC, HELOC Products; MSRs, the Economy, Servicing, and the CFPB Mon, Feb 1, 2021 11:01AM January’s already in the rearview mirror and our industry is keeping an eye on all kinds of things. Like silent movies moving into “the Talkies” in 1927, the Chrisman Commentary - Daily Mortgage News podcast is now live and at any place you obtain your podcasts (like Apple or Spotify ). Subscribe or download today, it is a great way to list... (read more) Latest Video CBO: Real GDP expected to grow 3.7% in 2021 The Bond Report - 9am - February 01, 2021 The Bond Report - 2pm - January 29, 2021 Pending home sales jumped 21% in 2020 Around the Web Reuters Wall Street ends up sharply, led by gains in tech shares Reuters Factbox: Biden's COVID-19 relief plan vs. Senate Republicans counter-proposal Calculated Risk Blog Housing Inventory Weekly Update: At Record Lows CNBC Silver jumps 11%, the most in 11 years as Reddit traders try their squeeze play with the metal CNBC CBO sees rapid growth recovery, labor force returning to pre-pandemic level by 2022 Calculated Risk Blog ISM Manufacturing index Decreased to 58.7 in January Calculated Risk Blog Construction Spending Increased 1.0% in December; 4.7% Annual Increase CNBC Fed's Powell just talked up a classic Buffett market bogeyman: Inflation Calculated Risk Blog Seven High Frequency Indicators for the Economy CNBC Volatility just had its biggest spike since June, and analyst says it's a warning investors should not ignore Calculated Risk Blog Q4 2020 GDP Details on Residential and Commercial Real Estate Calculated Risk Blog Monday: ISM Mfg, Construction Spending CNBC Americans are flocking to the suburbs here's how much you need to earn to buy a house

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