Freddie Mac has laid out options that borrowers who have been granted forbearance on its loans have when it comes to repayment. The company's CEO David Brickman stressed that borrowers will never be asked to repay missed payments in one lump sum. March, the company, along with the other GSE Fannie Mae, announced several actions to assist homeowners facing financial hardship due to COVID-19. These include forbearance during which a borrower's payments are reduced or suspended. While borrowers in forbearance must repay the missed payments, full repayment immediately following forbearance is just one option open to them. Brickman said, "Simply put, if you are a homeowner seeking forbearance and Freddie Mac owns your loan, you are never required to make up missed payments in a lump sum. Our policies

April 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 Apr 28, 2020 Mortgage Rates at Lowest Levels in Several Weeks Thu, Apr 23, 2020 6:23PM Let's get caveats out of the way upfront. No conversation about mortgage rates would be complete without a reminder that some lenders are very far removed from the averages. Moreover, even a lender is offering rates that are in line with today's average, that may have been a completely different story at various points in the past. With that out of the way, yes, the average lender is now offering the lowest rates in several weeks for top tier, conventional 30yr fixed scenarios. Speaking of top tier, how about some more caveats? As soon as we start adding risk factors to the mix, rates (or upfr... (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 5.5 101.25 +0.13   97.47 101.61 UMBS 30YR 6.0 102.53 +0.04   99.66 102.53 10 YR Treasury 4.042 -0.045   3.621 4.780 MBS Live Day Ahead: Both Sides of Market Making Gains Tue, Apr 28, 2020 9:24AM Trillions of dollars of stimulus on the Fiscal side and many additional trillions of liquidity on the monetary side of the equation are helping stocks and bonds improve simultaneously.  Granted, it's not that simple and this isn't the extent of ... (read more) MBS Price Change UMBS 5.0 99.75 +0.28 UMBS 5.5 101.26 +0.14 UMBS 6.0 102.53 +0.04 GNMA 5.0 100.03 +0.20 GNMA 5.5 101.25 +0.12 GNMA 6.0 102.13 0.00 Pricing as of: 9/8 5:00PM EST US Treasury Yield Change 2 YR Treasury 3.494 -0.024 5 YR Treasury 3.567 -0.023 7 YR Treasury 3.771 -0.030 10 YR Treasury 4.042 -0.045 30 YR Treasury 4.688 -0.082 Pricing as of: 9/8 5:00PM EST Other News Freddie Announces No Lump Sump Required After Forbearance Mon, Apr 27, 2020 11:52AM Freddie Mac has laid out options that borrowers who have been granted forbearance on its loans have when it comes to repayment. The company's CEO David Brickman stressed that borrowers will never be asked to repay missed payments in one lump sum. March, the company, along with the other GSE Fannie Mae, announced several actions to assist homeowners facing fi... (read more) Mortgage Market Shows Resilience, Refis Continue to Dominate Freddie's Volume Tue, Apr 28, 2020 9:05AM Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 9.2 percent in March, up from a 5.5 percent gain in February. The portfolio balance at the end of the period was $2.368 trillion compared to $2.350 trillion at the end of February and $2.204 trillion a year earlier. The growth rate for the year to date is 6.4 ... (read more) Will February Prove to be the Last Positive Home Sales Report for Now? Tue, Apr 28, 2020 10:04AM In what will probably prove to be the last full month of normal home sales for a while , prices of homes accelerated significantly. The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 4.2 percent in February compared to a year earlier. The index, which covers all nine U.S. census divisions, had posted a 3.9 percent annual increase in Janua... (read more) Underwriting, Rural Products; WFH, Anti-Fraud, Digital Webinars; Guideline Shifts Continue Tue, Apr 28, 2020 8:55AM Folks will sometimes ask me, “It’s a mystery: What kind of preparation do you do before writing your daily commentary?” Although no one has ever filmed me, this is a close approximation . Another mystery is how much vodka goes into scrambled eggs. What isn’t a mystery is that some companies, especially in the non-QM or jumbo business,... (read more) Latest Video Watch CNBC's full interview with former Dallas Fed president Richard Fisher Fed Survey: Trillions more dollars are needed to restart the economy April consumer confidence comes in at 86.9 The Fed has done everything it possibly could: Kyle Bass Around the Web Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in February CNBC Millions can't access unemployment benefits so actual job losses are likely greater than data shows Redfin Buying a House Sight Unseen? 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