Freddie Mac's Economic and Housing Research Group finds a lot to like in the present economic environment. . The company's quarterly forecast credits the increasing availability of COVID-19 vaccines and the easing of virus related restrictions, the passage of the American Rescue plan and its cash stimulus for households, as setting the stage for economic growth and sending consumer confidence to a post pandemic high in March. The labor market, while still needing to add 8.4 million jobs, put 916,000 on the books last month, the greatest gain since August. All in all, the report says conditions should remain generally favorable for the housing and mortgage market through 2022, although rising rates could provide headwinds that slow housing activity. The group predicts the 30-year fixed mortgage

April 14, 2021 Download our Mobile App: Download our Mobile App: Housing News Freddie Mac Sees Rates and Prices Leveling Off Through 2022 Freddie Mac's Economic and Housing Research Group finds a lot to like in the present economic environment. . The company's quarterly forecast credits the increasing availability of COVID-19 vaccines and the easing of virus related restrictions, the p... (read more) Housing News Purchases Now Account For a Majority of New Mortgages Black Knight has launched a new monthly report covering mortgage origination activity as gathered through its Optimal Blue loan product and pricing engine. The company says its Originations Market Monitor will publish a series of key indicators drawn... (read more) Mortgage Rate Watch Mortgage Rates Lowest in Nearly a Month Slow and steady wins the race, and mortgage rates have been making slow, steady progress back down from recent long-term highs seen at the end of March. Over that time, the average conventional 30yr fixed rate quote has fallen anywhere from .125 to 0... (read more) Rob Chrisman MLO Jobs; Risk Reduction Products; Marketing, Workflow Tools; JP's Earnings, and the MBA's Take on 2020's Profits "I wear a stethoscope so that in a medical emergency I can teach people a valuable lesson about assumptions.” People shouldn’t assume that all offices are made equal . People in our biz shouldn’t assume that “all lenders are t... (read more) Housing News Mortgage Banks Report 2020 Financials Shattered Last Years Records While most of us couldn't wait for 2020 to be over, it turns out to have been a superlative year for mortgage originators. The Mortgage Bankers Association's (MBA's) annual Mortgage Bankers Performance Report shows the profit independent mortgage ban... (read more) MBS Commentary MBS Live Recap: Super Sideways Ahead of Retail Sales Super Sideways Ahead of Retail Sales Retail Sales used to be a big ticket report, but like so many others, has been punching well below its weight post-covid.  That will change at some point.  We co... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.91% +0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.91% +0.05 0.00 15 Yr. Fixed 6.22% +0.03 0.00 30 Yr. FHA 6.29% +0.04 0.00 30 Yr. Jumbo 7.02% +0.02 0.00 7/6 SOFR ARM 6.45% 0.00 0.00 30 Yr. VA 6.30% +0.03 0.00 Updates Daily - Last Update: 5/8 15 Yr. Fixed Rate 6.22% +0.03% Rate Change Points Freddie Mac 30 Yr. Fixed 6.76% 0.00 0.00 15 Yr. Fixed 5.89% -0.03 0.00 Updates Weekly - Last Update: 5/8 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.89% -0.01 0.00 15 Yr. Fixed 6.17% -0.03 0.76 30 Yr. Jumbo 6.88% -0.02 0.60 Updates Weekly - Last Update: 4/30 MBS / Treasuries UMBS 30YR 5.5 99.11 0.00 Price / Yield Change MBS UMBS 5.5 99.15 +0.04 UMBS 6.0 101.03 +0.06 GNMA 5.5 99.44 +0.06 GNMA 6.0 100.87 +0.07 Pricing as of: 5/9 8:30AM EST 10 Year US Treasury 4.3853 +0.0083 Price / Yield Change US Treasury 2 YR Treasury 3.851 -0.023 5 YR Treasury 3.965 -0.021 7 YR Treasury 4.159 -0.023 10 YR Treasury 4.373 -0.004 30 YR Treasury 4.850 +0.018 Pricing as of: 5/9 8:30AM EST Latest Video Powell: Raising rates before 2022 is highly unlikely The 9am Bond Report - April 14, 2021 Analysts say mortgage rates are rising, and that will cool housing prices Coldwell Banker CEO on whether the housing market is in a bubble Around the Web Reuters S&P 500 dips off record high, Dow rises on bank earnings Calculated Risk Blog Houston Real Estate in March: Sales Up 32% YoY, Inventory Down 43% YoY Reuters Schumer intends to move forward with early infrastructure bill next week Brookings Institution The US is increasingly a net debtor nation. Should we worry? CNBC Treasury creates new office to oversee Covid relief programs CNBC Treasury yields rise slightly ahead of Powell speech Redfin Almost Two-Thirds of Home Offers Written By Redfin Agents Faced Bidding Wars In March Yahoo News ECB will act on unwarranted rise in borrowing costs, its VP says Calculated Risk Blog Portland Real Estate in March: Sales Up 8% YoY, Inventory Down 54% YoY Reuters Global share markets rise after U.S. inflation remains contained Calculated Risk Blog Cleveland Fed: Key Measures Show Small Uptick in Inflation in March CNBC 'When is the housing market going to crash?' is a red hot search on Google here's why CNBC Don't 'overinterpret' decision to pause J&J Covid vaccine over rare clotting issue, Dr. Scott Gottlieb says

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