A change in conforming loan limits could have a big impact on mortgage originations and on homebuying in general according to Black Knight Financial Services. The company did an analysis of those limits in its current edition of the Mortgage Monitor which covers mortgage performance data from September. Black Knight says with the national HPI returning to pre-crisis levels talk has now turned to raising those levels. The current conforming limit, $417,000, has not changed since 2006. The Housing and Economic Recovery Act (HERA) of 2008 rest r icted any additional increase in the limit until national home values had returned to pre-crash levels. There are currently 234 designated "high cost" counties (indicated on the map) where conforming limits exceed the national level, going as high as

November 7, 2016 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.20% -0.02%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Nov 7, 2016 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.20% -0.02 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.72 +0.04   95.05 99.96 UMBS 30YR 5.5 101.09 +0.01   97.47 101.28 10 YR Treasury 4.029 +0.001   3.932 4.780 MBS Live Day Ahead: Empty Calendar and Holiday Leave Focus on Election Mon, Nov 7, 2016 10:02AM In terms of scheduled economic data and events, this week is almost completely barren.  In addition, Friday is Veteran's Day , and no matter what any economic calendar or website says, bond markets are closed on Friday.  Case in point, sev... (read more) MBS Live Recap: Europe Trumps Mixed-to-Strong Payrolls Data Fri, Nov 4, 2016 5:00PM I've seen today's jobs report referred to as both stronger and weaker in several ways.  At worst, it was "mixed," and generally erred on the stronger side.   The two biggest things going for the data were the positive revisions and t... (read more) MBS Price Change UMBS 4.5 97.75 +0.06 UMBS 5.0 99.72 +0.04 UMBS 5.5 101.09 +0.01 GNMA 4.5 97.73 +0.03 GNMA 5.0 99.94 +0.11 GNMA 5.5 100.95 +0.05 Pricing as of: 10/15 6:00PM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.017 5 YR Treasury 3.620 +0.015 7 YR Treasury 3.805 +0.006 10 YR Treasury 4.029 +0.001 30 YR Treasury 4.627 -0.004 Pricing as of: 10/15 6:00PM EST Other News Time to Talk About Raising Conforming Loan Limit Mon, Nov 7, 2016 11:55AM A change in conforming loan limits could have a big impact on mortgage originations and on homebuying in general according to Black Knight Financial Services. The company did an analysis of those limits in its current edition of the Mortgage Monitor which covers mortgage performance data from September. Black Knight says with the national HPI returning to pr... (read more) Income Concerns Hurting Housing Sentiment -Fannie Mae Mon, Nov 7, 2016 1:23PM Fannie Mae's Home Purchase Sentiment Index® (HPSI) suffered its third decline in as many months in October. The Index, based on responses to six key questions in the company's monthly National Housing Survey, dipped 1.1 points from September to 81.7. Decreases were posted for four of the six components. Overall, the HPSI is down 1.5 points since this tim... (read more) Are Homeowners Throwing Away the Key to Retirement Security? Mon, Nov 7, 2016 11:45AM How much does the roof over your head, today help ensure you will still have one in retirement? That is the question the Urban Institute (UI) is trying to answer in a new study of Home Equity Patterns among Older American Households that was commissioned by Fannie Mae. The study examines the role that home equity could play in improving retirement security ,... (read more) LO Tools; Training on MSAs, Tax Returns, CRA; Earnings Announcements Continue Mon, Nov 7, 2016 10:46AM A loan officer walked up to me at a recent sales event and complained, “I’m spending more time promoting myself than I am being myself.” I replied, “I didn’t you know you were running for office!” Turning to news impacting lenders, how much do lawsuits, and the resulting fines, cost? Wells Fargo is talking to multiple regu... (read more) Latest Video CNBC Fed Survey: 82% say Trump would not reappoint Yellen Santelli Exchange: Automation vs. humans FBI clears Clinton in email review Around the Web CNBC What voters are saying in this Florida city crushed by foreclosures Calculated Risk Blog Fed Letter: "Has the Fed Fallen behind the Curve This Year?" Bloomberg Greenspan Sees Bond Yields Climbing as High as 5 Percent Again Calculated Risk Blog Update: Framing Lumber Prices Up Year-over-year bkfs.com Black Knight's September Mortgage Monitor: Balancing Act' of Low Rates, Rising Home Prices is Keeping Affordability Stable for Now Fannie Mae Consumer Pessimism On Display as Home Purchase Sentiment Index Drops Again Calculated Risk Blog NAHB: Builder Confidence increases for the 55+ Housing Market in Q3 CNBC World markets soar on FBI's end of Clinton email review CNBC James Comey: FBI has 'not changed its conclusions' Clinton's email server since July decision CNBC Fed's Fischer says labor market strong, Fed could overshoot goals CNBC Self-made millionaire: Don't buy a home CNBC Atlanta Fed's Lockhart says rate increases to be 'very' gradual Market Watch Jobs report more than enough for Fed to hike interest rates in December

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