MarketWatch is reporting that Federal Housing Finance Agency (FHFA) along with Treasury and other parts of the administration are about to reveal a plan to end the 10-year plus conservatorship of the two GSEs Fannie Mae and Freddie Mac. Joseph Otting, who is keeping the FHFA director's seat warm until former director Melvin Watt's replacement is confirmed, is said to have told a full FHFA staff meeting on Thursday that there should be a blueprint announced in about a week. An FHFA spokesperson confirmed that a plan was at the meeting discussed but said there were no details or timelines proposed. MarketWatch quoted the spokesperson as saying, "Acting Director Otting held the internal meeting to meet FHFA staff and establish open lines of communication. He mentioned, as he previously has, that

January 22, 2019 Download our Mobile App: Download our Mobile App: Housing News Big Changes at Fannie/Freddie, Is Conservatorship Nearing an End? MarketWatch is reporting that Federal Housing Finance Agency (FHFA) along with Treasury and other parts of the administration are about to reveal a plan to end the 10-year plus conservatorship of the two GSEs Fannie Mae and Freddie Mac. Joseph Otting... (read more) Mortgage Rate Watch Mortgage Rates Dodging Some Risk For Now Mortgage rates were higher heading into the end of the previous week. To make matters worse, as of Friday afternoon, it didn't look like the average lender had fully accounted for the losses in the bond market. Bonds dictate interest rate movement. W... (read more) Housing News Rising Inventories Tempering Prices, Existing Home Sales Resume Slide Existing home sales finished up the year on a decidedly sour note. After putting together consecutive increase in October and November and ending a six-month losing streak, the National Association of Realtors® reports sales plummeted 6.4 percent... (read more) MBS Commentary MBS Live Day Ahead: Bonds Fight to Hold Under Important Ceiling Amid Data Darkness After today's Existing Home Sales data (which is unaffected by the government shutdown because it's published by the National Association of Realtors), there will be no other bigger-ticket economic reports this week.  Most of the blame for that ... (read more) MBS Commentary MBS Live Recap: One of Three Things is Going on With Bonds Bond markets sold-off today in a slightly more alarming way than we've seen so far in 2019.  This was accompanied by 11th straight trading session where stocks closed higher than they opened, as well as the best S&P prices in more tha... (read more) MBS Commentary MBS Live Recap: Bonds Pull Out Come-From-Behind Victory Thanks to Stocks For those who pay any sort of attention to technicals or simply to "key levels" in the bond market, Friday was the gloomiest day we've had in a while.  It was the first time that a major overhead ceiling had been broken in more than 2 weeks of... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.65 -0.20 Price / Yield Change MBS UMBS 5.5 99.70 -0.15 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.88 -0.09 GNMA 6.0 101.18 -0.23 Pricing as of: 7/3 10:05AM EST 10 Year US Treasury 4.3369 +0.0571 Price / Yield Change US Treasury 2 YR Treasury 3.877 +0.089 5 YR Treasury 3.932 +0.065 7 YR Treasury 4.116 +0.060 10 YR Treasury 4.332 +0.053 30 YR Treasury 4.848 +0.039 Pricing as of: 7/3 10:05AM EST Latest Video Lagarde: Fed's new tightening policy is 'good news, bad news' Existing home sales drop sharply, down 6.4 percent The Fed will continue to tighten, says Guggenheim CIO Minerd Around the Web CNBC Homebuilders face profitability risks despite a healthy market, housing analyst says CNBC The financial shock for 800,000 federal workers is about to get much worse as the shutdown drags on Reuters Wall Street drops over 1.5 percent as global growth worries resurface Reuters Senate to vote on Trump plan to re-open government this week: McConnell CNBC The unusually large drop in home sales has real estate agents baffled Calculated Risk Blog Comments on December Existing Home Sales CNBC TREASURIES-U.S. yields fall on economic, trade worries CNBC Amid the government shutdown, here are the best and worst ways to borrow money Bloomberg ECB May Offer New Long-Term Loans to Prevent Tightening Bloomberg Pit Stop or Peak Is the Big Question Hanging Over Fed This Year Calculated Risk Blog Q4 GDP Forecasts: Mid-to-High 2s Calculated Risk Blog Consumer Sentiment Declined in January, Lowest since 2006 NAHB Eye on Housing 2018 Third Quarter Mortgage Originations Grow from Prior Quarter

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