Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 15.2 percent in December, a substantial change from the 0.4 percent gain in November. The portfolio balance at the end of the period was $2.33 trillion compared to $2.302 trillion at the end of November and $2.182 trillion a year earlier. The growth rate for all of 2019 was 6.8 percent. Purchases and Issuances totaled $65.80 billion and Sales were ($780) billion. The November numbers were $55.45 billion and ($5.63) billion respectively. Single-family refinance loan purchase and guarantee volume was $30.5 billion in December compared to $26.8 billion in November and representing a 56 percent share of total single-family mortgage portfolio purchases and issuances compared to 59 percent the previous

January 28, 2020 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 Jan 28, 2020 Mortgage Rates Edge Higher From Long-Term Lows Tue, Jan 28, 2020 4:28PM Mortgage rates were steady to slightly higher today, leaving the average lender just a hair above the lowest rates in months, and still very close to the lowest rates in more than 3 years. The coronavirus outbreak is still a relevant consideration for financial markets, including interest rates, but traders took today to consolidate their recent positions. In other words, the recently prevailing trends experienced a bit of a correction. Stocks rose moderately after falling sharply over the past 2 days. Treasury yields did the same. Mortgage rates moved a bit higher in some cases, but because t... (read more) 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: Range Breakout Continues But Additional Gains Aren't Guaranteed Tue, Jan 28, 2020 8:44AM Bonds finally broke out of one of their prevailing ranges yesterday as Wuhan virus fears reached a new level.  Some may roll their eyes at this sort of thing serving as the source of so much market movement, but it is what it is.  SARS pushed Hong Kong into a recession in 2003 and accounted for a 30bp drop in US 10yr yields.  That was a type o... (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 10:24PM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.009 5 YR Treasury 3.571 +0.009 7 YR Treasury 3.775 +0.006 10 YR Treasury 4.047 +0.008 30 YR Treasury 4.699 +0.009 Pricing as of: 9/8 10:24PM EST Other News Refis Made up More Than Half of Freddie Mac December Business Tue, Jan 28, 2020 11:39AM Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 15.2 percent in December, a substantial change from the 0.4 percent gain in November. The portfolio balance at the end of the period was $2.33 trillion compared to $2.302 trillion at the end of November and $2.182 trillion a year earlier. The growth rate for a... (read more) Home Price Gains Resumed in November Tue, Jan 28, 2020 10:42AM The recent re-acceleration of home price gains continued in November. The S&P CoreLogic Case-Shiller U.S. National Home Price Index which covers all nine U.S. census divisions, reported a 3.5 percent annual gain for the month, up from 3.2 percent in October. The growth rate of the indices had declined steadily throughout the year. The National Index had ... (read more) New Home Sales Pull Back Slightly in December; Year-Over-Year Gains Continue Mon, Jan 27, 2020 10:58AM A lot of expectations and optimism were probably dashed by the December report on new home sales from the Census Bureau and Department of Housing and Urban Development. Analysts were expecting sales to build on the November seasonally adjusted annual estimate of 719,000 units which was an increase of 1.3 percent from October. Indeed, every prediction from th... (read more) Subservicer, Cost-Cutting Products; Customer Satisfaction Awards Tue, Jan 28, 2020 8:50AM Loan officers and lenders know that the population in the United States continues to shift, and this creates some continued great opportunities to increase business. Put another way, it doesn’t matter what rates are when a half a million people are moving into your state every year and many need financing. The Texas Board of Realtors published a report... (read more) Latest Video CNBC poll: GDP forecast at 2% this year and next January consumer confidence index jumps to 131.6 US durable goods orders up 2.4% percent in December Here's how long investors and economists think the Fed will be on hold Around the Web CNBC Coronavirus, repo market and the reserve rate: What to watch this week from the Fed Reuters Countdown to recession: What an inverted yield curve means Calculated Risk Blog Update: A few comments on the Seasonal Pattern for House Prices Calculated Risk Blog Richmond Fed: Manufacturing Activity Rebounded in January CNBC US consumer confidence jumps in January to 131.6, vs 128 expected CNBC US core capital goods orders post biggest drop in 8 months CNBC Treasury yields tick higher ahead of Fed meeting Reuters For Fed, 'material reassessment' may be in eye of beholder Reuters Asian shares, bond yields fall as deadly coronavirus spreads Calculated Risk Blog New Home Prices CNBC BlackRock's bond chief Rieder sees yields dropping further amid risks from virus and election Reuters U.S. stock rally faces major test as China virus spreads CNBC Mortgage rates drop to 5-month low as coronavirus fears fuel the bond market

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