While it sometimes seems as though Americans live online, there is still apparently one area where they still value human contact. A recent survey conducted by Fannie Mae found borrowers continue to put a lot of trust in their real estate agent and their mortgage lender. The survey, conducted with borrowers who had purchase mortgages originated in 2016 in the Fannie Mae book of business, found that homebuyers relied on a variety of information sources when shopping for a mortgage. These included friends and family, financial planners, government agencies, mass media and non-profit housing counselors. However, when asked which were the most influential, borrowers most often cited, in fact at nearly double the rate of the next closest response, were mortgage lenders at 32 percent, with real estate

October 20, 2017 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 Oct 20, 2017 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 6.0 102.51 -0.03   99.66 102.51 10 YR Treasury 4.046 +0.007   3.621 4.780 MBS Live Day Ahead: Bonds Back on The Ropes Fri, Oct 20, 2017 9:38AM It's a crappy day. Sorry to use such an esoteric analytical term, but it's the most accurate way to describe the outlook.  So what changed? Long story short, we'd been in a narrow, consolidative range since late September.  That r... (read more) MBS Live Recap: Catalonia (or China!) Helped Early; Powell Saved The Day Thu, Oct 19, 2017 5:11PM It was a pretty interesting session for how narrow the range continues to be in bond markets--interesting both for bonds themselves and for the analysts scrambling to make sense of the movement.  Apart from last Friday's CPI data, there hasn... (read more) MBS Price Change UMBS 5.0 99.74 -0.04 UMBS 5.5 101.26 -0.02 UMBS 6.0 102.50 -0.04 GNMA 5.0 100.05 -0.03 GNMA 5.5 101.21 +0.02 GNMA 6.0 102.15 -0.03 Pricing as of: 9/8 10:19PM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.009 5 YR Treasury 3.570 +0.008 7 YR Treasury 3.775 +0.006 10 YR Treasury 4.046 +0.007 30 YR Treasury 4.699 +0.009 Pricing as of: 9/8 10:19PM EST Other News Consumers: On-Line Mortgage Info Convenient, not Trustworthy Fri, Oct 20, 2017 12:49PM While it sometimes seems as though Americans live online, there is still apparently one area where they still value human contact. A recent survey conducted by Fannie Mae found borrowers continue to put a lot of trust in their real estate agent and their mortgage lender. The survey, conducted with borrowers who had purchase mortgages originated in 2016 in th... (read more) Existing Sales Beat Forecast Despite Taking a Hit From Hurricanes Fri, Oct 20, 2017 10:53AM It was only a small gain , albeit larger than analysts expected, but after three straight months of sliding sales, the existing home sales report for September is still good news. The National Association of Realtors® (NAR), said the month saw closed transactions for the purchase of single-family houses, townhouses, condos and cooperative apartments rise... (read more) Refinancing Share at Early 2017 Levels Fri, Oct 20, 2017 9:39AM Refinancing increased its share of total originations in September, rising 3 percentage points from August to 38 percent of all closed loans. Ellie Mae, in its Originations Insight report says the refinance share was the highest since February and set forth two possible reasons. First, interest rates on closed loans during the month dipped to the lowest of t... (read more) New Wholesaler, Lender/Vendor Tools; Capital Markets Product Fri, Oct 20, 2017 9:38AM Not only are houses becoming smaller, but the lots are smaller also. Trulia tells us that houses built since 2015 occupy, on average, 25 percent of the land they were built on. That figure was only 13.9 percent in 1975. And according to Capital Economics Ltd. , the size of an American home has decreased for the first time in 30 years to 2,420 sq. ft. after p... (read more) Latest Video White House: Taylor-Powell Fed pairing still under consideration Is the 'Trump trade' reignited? CNBC’s Fed Survey: Forty-four percent say Trump will pick Jay Powell as nex... Around the Web CNBC Trump may have narrowed down Fed pick to Powell and Taylor Calculated Risk Blog Q3 GDP Forecasts NAR - Realtor.com Home Prices Are Continuing to Fallby How Much? CNBC House flipping is making a comeback thanks to rising home prices Calculated Risk Blog A Few Comments on September Existing Home Sales CNBC How much it costs to buy a home in America's top 10 'hipster' neighborhoods Market Watch Financial ETF jumps to 10-year high as budget bill passage boosts bond yields Calculated Risk Blog BLS: Unemployment Rates Lower in 11 states in September; Tennessee and Idaho at New Series Lows Freddie Mac Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-068 Reuters U.S. existing home sales unexpectedly rebound in September Market Watch Dow, S&P 500 hit fresh records intraday on hope of tax-bill passage NAHB Eye on Housing Lots Account for 17% of New Home Sale Prices Market Watch Bond Report: Treasury yields jump as Senate passes budget bill, juices risk appetite

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