Freddie Mac reported today that its total mortgage portfolio increased at an annualized rate of 3.8 percent in June. The portfolio balance at the end of the period was $2.130 trillion compared to $2.123 trillion at the end of May and $2.040 trillion at the end of June 2017. Purchases and Issuances totaled $35,543 billion, bringing the 2018 year-to-date total to $183.170 billion, Sales were ($3.318) billion and Liquidations ($25.414) billion in June and totaled ($11.845) and ($138.785) billion respectively so far this year. The annualized growth rate for 2018 through the end of June was 3.1 percent and the liquidations rate for the entire year was (13.2) percent. Single-family refinance-loan purchase and guarantee volume was $7.3 billion in June compared to $8.1 billion in May. The refinance

July 27, 2018 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 Jul 27, 2018 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 99.69 +0.02   95.05 99.96 UMBS 30YR 5.5 101.10 +0.01   97.47 101.28 10 YR Treasury 4.029 +0.001   3.932 4.780 MBS Live Day Ahead: Bonds in Early Stages of Case For New Ceiling Fri, Jul 27, 2018 9:49AM GDP is already out this morning and it it's left bonds in slightly stronger territory.  With these gains, the longer-term chart looks like 10s might be trying to form a new ceiling right in line with the last major ceiling from early June.&nbs... (read more) MBS Live Recap: After Some Help From Europe, Bonds Give Up Thu, Jul 26, 2018 6:33PM Bonds were paralyzed during the overnight session--both in terms of outright trading levels and the yield curve.  It could have been the ECB announcement, Durable Goods, or the end of the Treasury auction cycle keeping things under wraps.  We didn't really know until morning trade in the US got underway.  As it happened, it was the fairly ... (read more) MBS Price Change UMBS 4.5 97.76 +0.07 UMBS 5.0 99.73 +0.05 UMBS 5.5 101.10 +0.01 GNMA 4.5 97.74 +0.04 GNMA 5.0 99.96 +0.13 GNMA 5.5 100.97 +0.07 Pricing as of: 10/15 6:03PM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.013 5 YR Treasury 3.619 +0.015 7 YR Treasury 3.803 +0.005 10 YR Treasury 4.031 +0.002 30 YR Treasury 4.625 -0.005 Pricing as of: 10/15 6:03PM EST Other News Freddie Mac's Mortgage Portfolio Up 3.8 Percent at Mid-Year Fri, Jul 27, 2018 10:03AM Freddie Mac reported today that its total mortgage portfolio increased at an annualized rate of 3.8 percent in June. The portfolio balance at the end of the period was $2.130 trillion compared to $2.123 trillion at the end of May and $2.040 trillion at the end of June 2017. Purchases and Issuances totaled $35,543 billion, bringing the 2018 year-to-date total... (read more) Under 35 Homeownership Rate Rising Fastest Thu, Jul 26, 2018 3:52PM The homeownership rate remained essentially unchanged in the second quarter of 2018. The Census Bureau said the rate rose 0.1 percentage points compared to the first quarter rate of 64.3 percent. Homeownership hit an all-time low of 62.9 percent in the second quarter of 2016 in the Census Bureau's records which go back to 1996. The rate was lowest in the Wes... (read more) Price, Fee, and Lock Changes; Libor Update; Yield Curve Inversion Fri, Jul 27, 2018 8:59AM I received a note yesterday from the CEO of a well-known lender. “Rob, I love it when our competitors, who are losing money, wait weeks or months, after making the decision, to actually have a RIF or cutback. Now is the time for managers to actually manage, not just ride the gravy train, and the longer they wait in lowering overhead the worse their fin... (read more) Construction Process Risk Product; Lender Tech Rollouts; Blockchain Primer Thu, Jul 26, 2018 8:57AM The United States is a fine country, and the residential lending industry is filled with fine individuals working to help borrowers, or help others help borrowers, with owning a home. Periodically I am asked about a list of organizations around the nation who support the financing of home ownership and related activities. From the MBA, here you go – ju... (read more) Latest Video OMB's Mulvaney: Still seeing residual benefits from Trump's inital agenda i... Q2 GDP 'unsustainably strong,' says Moody's chief economist Second-quarter GDP jumps 4.1% for best pace in nearly four years Around the Web Redfin Virtual Staging: An Innovative Way to Impress Buyers NAR - Realtor.com Homeownership Rate Jumps to 4-Year High as More Americans Make Gains CNBC Compass real estate brokerage disrupts with high-tech, smart 'for sale' sign CNBC 4 takeaways from a long-term GDP revision CNBC Consumer sentiment hits 97.9 in July vs. 97.1 estimate Reuters U.S. says has addressed residual seasonality in GDP data CNBC Second-quarter GDP up 4.1%, as expected Bloomberg BOJ Seeks to Rein in Yields With Second Fixed-Rate Operation Bloomberg What Economists Are Saying Ahead of Friday's US GDP Report Reuters Exclusive: China eyes infrastructure boost to cushion growth as trade war escalates - sources Calculated Risk Blog Freddie Mac: Mortgage Serious Delinquency Rate Decreased in June Bloomberg US Owner-Occupied Household Formation Is Up CNBC Housing market showing signs of cracking: 'Anything goes list-price strategy is no longer working'

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