While the nations delinquency rate declined in March, to 4.0 percent from 4.3 percent a year earlier, CoreLogic notes that 21 states and 166 of the largest metropolitan areas experienced small increases in delinquencies on an annual basis. The delinquency rate includes all home loans that are 30 days or more past due, including those in foreclosure. The share of mortgages that were 30 to 59 days past due - considered early-stage delinquencies - was 2% in March 2019, up from 1.8% in March 2018. The March numbers continue a year-long trend i n which the overall delinquency rate each month has been lower than during the 4.7 percent average during the pre-crisis period of 2000 through 2006. Delinquencies tend to be seasonal, and the highest March rate was in 2010 at 11.1 percent. Other measures

June 20, 2019 Download our Mobile App: Download our Mobile App: Housing News Delinquency Rates Down Overall, but Larger Cities Feel More Pressure While the nations delinquency rate declined in March, to 4.0 percent from 4.3 percent a year earlier, CoreLogic notes that 21 states and 166 of the largest metropolitan areas experienced small increases in delinquencies on an annual basis. The delinq... (read more) MBS Commentary MBS Live Day Ahead: Strong Trend Intact After Fed Day In the day just past, bonds were primarily concerned with reacting to the Fed announcement, press conference, and updated economic projections.  Even though the Fed's median rate forecast for the end of 2019 remained unchanged, the average dropp... (read more) Housing News New Purchase/Renovation Loan Added to Freddie Mac Choices Freddie Mac is announcing a new loan program to help address the need for affordable housing and encourage the renovation of older homes. The company says its new CHOICE Renovation loans will "provide homebuyers a flexible choice to purchase a home a... (read more) Housing News Google Commits $1 Billion to Bay Area Housing If the rumors about housing in Silicon Valley are true, it is probably hard to recruit new employees if they fear they will have to live in an RV in WalMart's parking lot. Such a situation may have prompted Google to announce a $1 billion commitment ... (read more) Mortgage Rate Watch Mortgage Rates Mixed Despite Positive Reaction to Fed Mortgage rates reacted favorably to today's Federal Reserve announcement and press conference--today's key events. But that doesn't mean every lender is in better shape than yesterday. The morning hours saw the bond market (which dictates rates) at w... (read more) Rob Chrisman Database Sales, Closing Costs Products; Lender-Related M&A; What's Moving Rates “Enable” is such a vague, over-used tech term. The same with “repurpose.” But over the next 10 years Google is going to “repurpose” (aka, re-zone) a lot of land and plans to invest $1 billion to “enable&rdquo... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.93% +0.04% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.93% +0.04 0.00 15 Yr. Fixed 6.18% +0.04 0.00 30 Yr. FHA 6.44% +0.06 0.00 30 Yr. Jumbo 6.97% +0.02 0.00 7/6 SOFR ARM 6.37% +0.13 0.00 30 Yr. VA 6.45% +0.05 0.00 Updates Daily - Last Update: 6/6 15 Yr. Fixed Rate 6.18% +0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 6.85% -0.04 0.00 15 Yr. Fixed 5.99% -0.04 0.00 Updates Weekly - Last Update: 6/5 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.92% +0.06 0.69 15 Yr. Fixed 6.21% +0.09 0.72 30 Yr. Jumbo 6.94% +0.09 0.72 Updates Weekly - Last Update: 5/21 MBS / Treasuries UMBS 30YR 5.5 98.65 -0.33 Price / Yield Change MBS UMBS 5.5 98.68 -0.30 UMBS 6.0 100.77 -0.23 GNMA 5.5 99.01 -0.27 GNMA 6.0 100.86 -0.10 Pricing as of: 6/6 12:56PM EST 10 Year US Treasury 4.4767 +0.0822 Price / Yield Change US Treasury 2 YR Treasury 4.031 +0.111 5 YR Treasury 4.104 +0.105 7 YR Treasury 4.287 +0.096 10 YR Treasury 4.481 +0.087 30 YR Treasury 4.939 +0.067 Pricing as of: 6/6 12:57PM EST Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web Bloomberg Powell May Have Outed Himself on the Dot Plot as Seeing Lower Rates - Bloomberg CNBC One major bank is holding the line, saying the Fed won't cut rates this year Bloomberg Trump Says Powell Will Do What's Right' on Interest Rates - Bloomberg Reuters Fed rate-cut hints power S&P 500 to all-time high Calculated Risk Blog Key Data Releases Before Next FOMC Meeting Reuters Fed rate-cut signal sends stocks surging, wounds yields, dollar Bloomberg Italian Economy Set to Contract at the Worst Possible Time CNBC Philadelphia Fed's manufacturing gauge tumbles in June, buoying the case for lower rates Calculated Risk Blog Weekly Initial Unemployment Claims decreased to 216,000 Redfin May Home Prices Up 3.6%, the Largest Year-Over-Year Increase in 7 Months Bloomberg Powell Opens Door to July Rate Cut Amid Trump Uncertainty Bloomberg Treasury 10-Year Yield Slides Below 2% to Lead Global Decline Bloomberg Bond Traders Have the Fed Firmly on Their Side

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