Freddie Mac's economists see low interest rates continuing, at least through the end of next year . The company's Economic and Strategic Research Group's February Forecast, released on Thursday, also sees more economic growth, albeit at a slower rate, and a bounce back in the housing market. The 30-year fixed-rate mortgage (FRM) averaged 4.6 percent over 2018. After peaking last fall mortgage rates began to decline and by mid-February were at a 12-month low of 4.4 percent. Freddie Mac's economists expect the 30-year FRM to average 4.6 percent in 2019 before increasing to 4.9 percent in 2020. Housing starts averaged a 1.26 million rate in 2018. The forecast is for total starts to increase over the next two years with both single-family and multifamily units gaining each year. Total starts will

March 1, 2019 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 1, 2019 Mortgage Rates Highest in More Than a Month Fri, Mar 1, 2019 4:15PM Mortgage rates surged again today as the underlying bond market continued to capitulate to selling pressure. Let's talk about what that means in plain English! Capitulation in financial markets refers to investors on one side of a trade gradually becoming overwhelmed by the momentum on the other side. Since Wednesday, several developments began adding momentum to the "higher rates" side of the bond market trading environment. Individually, none of these factors necessarily spelled doom, but their combined effect has been more noticeable. Even then, we likely wouldn't be seeing as big of a move... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 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 5.5 101.15 -0.13   97.47 101.61 UMBS 30YR 6.0 102.46 -0.08   99.66 102.50 10 YR Treasury 4.081 +0.042   3.621 4.780 MBS Live Day Ahead: Range Breakout Quickly Getting Serious Fri, Mar 1, 2019 9:26AM The long-standing consolidation range in 10yr Treasury yields finally came under serious attack yesterday, with a big breakout to the upside.  Any time these sorts of trendlines are broken--and especially if that break occurs on the last day o... (read more) MBS Live Recap: Range Breakout! Thu, Feb 28, 2019 7:14PM GDP doesn't usually move markets as clearly as it did today, but today was a bit of an anomaly.  First off, we'd been waiting for this revision longer than normal due to the shutdown.  Beyond that, it was a fairly sharp revision forecast due not only to the shutdown, but to the other economic uncertainty that crept in during the end of 2018. ... (read more) MBS Price Change UMBS 5.0 99.52 -0.25 UMBS 5.5 101.15 -0.13 UMBS 6.0 102.47 -0.07 GNMA 5.0 99.88 -0.19 GNMA 5.5 101.12 -0.07 GNMA 6.0 102.09 -0.09 Pricing as of: 9/9 12:04PM EST US Treasury Yield Change 2 YR Treasury 3.539 +0.051 5 YR Treasury 3.608 +0.046 7 YR Treasury 3.812 +0.044 10 YR Treasury 4.084 +0.044 30 YR Treasury 4.734 +0.044 Pricing as of: 9/9 12:04PM EST Other News Low Rates, Slower Price Gains Point to Home Sales Bounce Fri, Mar 1, 2019 10:06AM Freddie Mac's economists see low interest rates continuing, at least through the end of next year . The company's Economic and Strategic Research Group's February Forecast, released on Thursday, also sees more economic growth, albeit at a slower rate, and a bounce back in the housing market. The 30-year fixed-rate mortgage (FRM) averaged 4.6 percent over 201... (read more) Homeownership is Highest Since 2014 Thu, Feb 28, 2019 6:24PM The Census Bureau reported on Thursday that the national homeownership rate rose slightly in the fourth quarter of 2018 to 64.8 percent , up from 64.4 percent in the third quarter and 64.2 percent in the fourth quarter of 2017. The Census Bureau said that change was not statistically different in either case, but at least it did continue the gradual upward t... (read more) CFO and LO Jobs; Correspondent News Around the Industry; Vendor Name Change Fri, Mar 1, 2019 11:51AM I like economists and math PhD.’s but there is some truth that “experts” have picked 8 of the last 4 recessions. While the U.S. economy is considered to be broadly healthy, as shown by yesterday’s GDP data, at some point they’ll be right, right? Experts point to banks appearing to tighten criteria for commercial and industrial l... (read more) Latest Video Liesman: Americans spent less money in December 2018, despite increased sav... Home sales are down due to low inventory, says Douglas Elliman CEO Consumer spending tumbled 0.5% in December. Watch three experts break it do... Around the Web CNBC Atlanta Fed's closely watched GDP tracker shows next to no growth for first quarter Redfin How to Sell Your House in 2019 Brookings Institution Oregon's new rent control law is only a band-aid on the state's housing woes Calculated Risk Blog Demographics: Renting vs. Owning CNBC The week ahead: Jobs report needs to silence rising worries about the economy NAR - Realtor.com The No. 1 Thing Millennials Hate About Their Home Is Not What You'd Expect NAR - Realtor.com States With the Highest/Lowest Mortgage Rates CNBC TREASURIES-Trade deal hopes lift yields; market shrugs off delayed U.S. data Calculated Risk Blog Q1 GDP Forecasts: Starting Low Calculated Risk Blog ISM Manufacturing index Decreased to 54.2 in February Bloomberg Republicans Are Shopping for a New Monetary Policy NAHB Eye on Housing Home Price Growth Slows in December Calculated Risk Blog Personal Income decreased 0.1% in January, increased 1.0% in December

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