At $1.4 trillion, student loan debt represents the U.S.'s second largest debt market behind mortgages and, in several recent surveys, younger respondents have said those loans are a large reason they are unable to save up a downpayment to buy a home. The debt won't easily go away, but Fannie Mae now says it would like to make those loans a slightly little less painful presence in borrowers' lives. The company is announcing policies that will assist homeowners and potential homebuyers with student loan obligations to qualify for a mortgage. The company notes the significant increase in that kind of debt over the last decade has created challenges and put up obstacles to homeownership. In acknowledgement that "one size does not fit all." the new policy provides borrowers three options from which

April 25, 2017 Download our Mobile App: Download our Mobile App: Housing News Fannie Moves to Accommodate Student Loan Debt At $1.4 trillion, student loan debt represents the U.S.'s second largest debt market behind mortgages and, in several recent surveys, younger respondents have said those loans are a large reason they are unable to save up a downpayment to buy a home.... (read more) Housing News New Home Sales Nearly Match Post-Crisis High New home sales jumped higher in March, posting their third consecutive gain. Sales of newly constructed single-family homes were at a seasonally adjusted annual rate of 621,000 units, an increase of 5.8 percent from February's downwardly revised annu... (read more) Housing News Home Price Gains Aren't Cooling Off Both of the major price indices released this morning showed continued growth in home price appreciation. The S&P CoreLogic Case-Shiller National Home Price Index set its fourth consecutive record high , rising 5.8 percent in February, up from a ... (read more) Rob Chrisman Training in Sales, Reverse, HMDA, Cust. Satisfaction; Appraisal News - Illinois vs. AMCs? How much do the CEOs of builders make? Turns out they make some decent gravy , certainly good news for them. In other good news, this time for WF, the FDIC and the Federal Reserve Board announced that Wells Fargo had adequately remediated the deficie... (read more) Mortgage Rate Watch Mortgage Rates Highest in 2 Weeks Mortgage rates moved moderately higher again higher today, as global financial markets continued reacting to recent geopolitical flashpoints (like the French election, discussed yesterday). Markets are also moving in anticipation of future flashpoint... (read more) MBS Commentary MBS Live Recap: Bond Weakness Looking More and More Serious With a 2nd day of fairly strong selling pressure in bond markets, the recent trend toward lower rates has been forcefully called into question.  You can see the potential breakout from that trend in the chart below (I'll mark it up and dis... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.37 -0.14 Price / Yield Change MBS UMBS 5.5 99.38 -0.13 UMBS 6.0 101.31 -0.09 GNMA 5.5 99.64 -0.14 GNMA 6.0 101.28 -0.05 Pricing as of: 7/23 8:40PM EST 10 Year US Treasury 4.3837 +0.0377 Price / Yield Change US Treasury 2 YR Treasury 3.878 +0.049 5 YR Treasury 3.933 +0.047 7 YR Treasury 4.146 +0.047 10 YR Treasury 4.386 +0.040 30 YR Treasury 4.942 +0.025 Pricing as of: 7/23 8:40PM EST Latest Video Trader bets on bond breakdown Canadian lumber tariff hits homebuilders New home sales up 5.8% in March Around the Web CNBC Republicans float a spending deal without border wall funding, NBC reports CNBC Janet Yellen's successor at the Fed just might be Gary Cohn Calculated Risk Blog A few Comments on March New Home Sales Bloomberg There's a Huge Disagreement Between Bonds and Stocks Fannie Mae New Fannie Mae Changes Address Student Loan Issues Market Watch French election relief could pave way for ECB tapering, but not yet CNBC US homebuilder stocks slide on concern Trump's lumber tariff will raise costs Market Watch 10-year Treasury yield back above 2.3% as investors shun havens Gallup Americans' Confidence in Economy Stable, Positive Redfin Redfin Housing Demand Index Drops Amid Lower-Than-Expected Buyer Activity in March; Remains Above Three-Year Average Market Watch Bernanke warns that a politicized' U.S. economy will create bad policies Washington Post White House confident' of averting shutdown as Trump shows flexibility on wall NAR - Realtor.com This Is What Homeowners Did With Their Savings on Variable Mortgage Rates

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