Black Knight, it the current edition of its Mortgage Monitor covering December mortgage performance data, writes an epitaph for slowing home price appreciation. Prices had been appreciating at an annual rate of nearly 7 percent in early 2018 but had fallen to 3.8 percent in August of 2019 as affordability worsened. But then, as Black Knight's President of Data & Analytics, President Ben Graboske writes, "The national home-price-growth rate gained a good deal of steam as mortgage interest rates declined throughout the second half of last year. In fact, December marked four consecutive months of home price growth acceleration and the largest single-month acceleration in more than 6.5 years, while the annual rate of appreciation saw nearly a full percentage point increase over the last four

February 3, 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 Feb 3, 2020 Mortgage Rates Officially at New 3 Year Lows Fri, Jan 31, 2020 5:38PM Mortgage rates inched even lower today as the market resumed efforts to react to and account for risks surrounding the coronavirus outbreak. Weaker economic data also played a part. That said, it's good to remember that the market's coronavirus reaction is all about the global economy in the first place. A massive epidemic is assumed to take a toll on the economy and slower economic growth helps rates and hurts stocks. Today was somewhat special because the average conventional 30yr fixed mortgage rate officially hit the lowest levels since the middle of 2016. This was more a factor of how low... (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 5.5 101.28 +0.16   97.47 101.61 UMBS 30YR 6.0 102.54 +0.05   99.66 102.54 10 YR Treasury 4.039 -0.047   3.621 4.780 MBS Live Week Ahead: Big Week of Econ Data Tempered by Virus-Watching Trade Mon, Feb 3, 2020 9:18AM The total count of confirmed coronavirus cases will continue to grow for quite some time (several months, perhaps).  Markets and epidemiologists alike agree on that fact.  The greater unknown is the trajectory of that case count.  The sooner/faster it decelerates, the more upward pressure for interest rates. The most relevant virus-related d... (read more) MBS Price Change UMBS 5.0 99.78 +0.31 UMBS 5.5 101.28 +0.16 UMBS 6.0 102.54 +0.05 GNMA 5.0 100.07 +0.24 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.18 +0.05 Pricing as of: 9/8 6:52PM EST US Treasury Yield Change 2 YR Treasury 3.487 -0.030 5 YR Treasury 3.562 -0.027 7 YR Treasury 3.768 -0.032 10 YR Treasury 4.039 -0.047 30 YR Treasury 4.690 -0.079 Pricing as of: 9/8 6:52PM EST Other News Low Rates Boost Homebuying Power 16 Percent Mon, Feb 3, 2020 10:22AM Black Knight, it the current edition of its Mortgage Monitor covering December mortgage performance data, writes an epitaph for slowing home price appreciation. Prices had been appreciating at an annual rate of nearly 7 percent in early 2018 but had fallen to 3.8 percent in August of 2019 as affordability worsened. But then, as Black Knight's President of Da... (read more) Total Construction Spending Essentially Unchanged in 2019 Mon, Feb 3, 2020 12:44PM Total construction spending ended 2019 down slightly from the prior year. The U.S. Census Bureau said the total value of construction, both public and private, put in place during the year was $1.304 trillion compared to $1.307 trillion in 2018, an 0.3 percent decrease. Residential spending was down 4.6 percent from the prior year with expenditures of $520.9... (read more) Homeownership Rate Still Barely Budging Fri, Jan 31, 2020 6:43PM The homeownership rate seems stubbornly stuck only a few percentage points from where it bottomed out in the second quarter of 2016. The U.S. Census Bureau said the national rate in the fourth quarter of 2019 was 65.1 percent compared to 64.8 percent in both the prior quarter and the fourth quarter of 2018. The rate declined from a high of 69.0 percent in th... (read more) Subservicer White Paper; Originator Census; Freddie and Fannie Updates Mon, Feb 3, 2020 8:57AM “I boarded a Southwest flight over the weekend, sat down, sneezed, and muttered something in Mandarin. I had the whole row to myself for entire flight. It was great!” Sometimes things aren’t what they seem. When you “borrow” a trillion dollars a year, it gives every American over $3,000 extra per year for lifestyle and goods. It... (read more) Latest Video Utilities, bonds rise with investors on the defense amid coronavirus spread The economy is telling us the expansion will continue, says UBS' Alli McCar... Pimco On Coronavirus: Markets were looking for excuse to sell off Mortgage rates around 3% will get buyers out: Economist Around the Web Calculated Risk Blog NMHC: Apartment Market Tightness Index Decreased in January NAHB Eye on Housing Private Residential Construction Spending Rises for the Sixth Consecutive Month Reuters U.S. banks keep business loan standards unchanged in fourth quarter Calculated Risk Blog Update: Framing Lumber Prices Up Year-over-year Reuters France says Britain and EU must have common rules to protect single market Reuters U.S. construction spending posts first drop since June CNBC January's ISM manufacturing index is 50.9, a surprise sector expansion Calculated Risk Blog Black Knight Mortgage Monitor for December; "Home-price-growth rate gained steam" Reuters Brexit trade deal clash: UK and EU begin sparring over rules CNBC If coronavirus fears escalate, Wells Fargo warns 10-year Treasury yields could fall another 30% NPR Trump Declares Coronavirus A Public Health Emergency And Restricts Travel From China Calculated Risk Blog Fannie Mae: Mortgage Serious Delinquency Rate unchanged in December CNBC What the FICO credit score changes mean for first-time homebuyers

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.