Fannie Mae and Freddie Mac (the GSEs) have provided details for their streamlined refinance programs that were originally announced by the Federal Housing Finance Agency (FHFA) last month. The programs, named "RefiNow" by Fannie Mae and "Refi Possible" by Freddie Mac, will be available starting June 5 for Fannie Mae's borrowers but not until August 30 through Freddie Mac. The programs are designed to encourage eligible low-income borrowers to refinance and lower their interest rates and monthly mortgage payments. In its original announcement FHFA said it expected borrowers who refinanced through the initiative to save between $100 and $250 a month. While there are process differences between the two programs, their basic outlines are the same. The no cash-out loans are available to borrowers

May 7, 2021 Download our Mobile App: Download our Mobile App: Housing News Fannie/Freddie Provide Details on New Refi Options Fannie Mae and Freddie Mac (the GSEs) have provided details for their streamlined refinance programs that were originally announced by the Federal Housing Finance Agency (FHFA) last month. The programs, named "RefiNow" by Fannie Mae and "Refi Possibl... (read more) Housing News Forbearance Exits Soar as More Plans Expire There was a sharp decline in the number of loans in forbearance during the week ended May 4. Black Knight says this has come to be the norm during the early weeks of each month. Overall forbearance volumes dropped by 105,000, a 4.5 percent improvemen... (read more) Rob Chrisman Accounting, Ops, MLO Jobs; AMC, Lead, Warehouse Products; Financial Transparency; Employment Figures Sink Rates It’s Friday, so how ‘bout some non-mortgage supply and demand stuff? Let me start with an apology to Willie Mays’ family (who may or may not read this daily mortgage commentary) for missing his 90 th birthday yesterday. (Years ago h... (read more) Mortgage Rates Mortgage Rates Are Low and Stable, But Face Bigger Risks Tomorrow 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries MBS Live Recap: Bonds Fail to Capitalize on Super Weak Jobs Report UMBS 30YR 5.5 99.74 +0.10 Price / Yield Change MBS UMBS 5.5 99.74 +0.10 UMBS 6.0 101.53 +0.10 GNMA 5.5 99.94 +0.08 GNMA 6.0 101.43 +0.08 Pricing as of: 7/7 3:38AM EST 10 Year US Treasury 4.3250 -0.0217 Price / Yield Change US Treasury 2 YR Treasury 3.856 -0.027 5 YR Treasury 3.908 -0.029 7 YR Treasury 4.099 -0.026 10 YR Treasury 4.323 -0.024 30 YR Treasury 4.848 -0.016 Pricing as of: 7/7 3:38AM EST Latest Video The 3pm Bond Report - May 7, 2021 The 2pm Bond Report - May, 7 2021 April jobs report will give Fed policy cover: Wharton professor Jeremy Sieg... Yellen: I believe we will reach full employment in 2022 Around the Web Calculated Risk Blog AAR: April Rail Carloads down 10.1%, Intermodal Up 10.4% Compared to 2019 Reuters Yellen says U.S. debt ceiling could pinch in summer Reuters Biden says jobs report underscores need for his economic policies CNBC Watch live: Treasury Secretary Janet Yellen discusses the April jobs report CNBC Homebuyers are the most pessimistic they've been in a decade thanks to tight supply, high prices CNBC Inflation watch: Why the Fed is paying close attention to this chart Fannie Mae HPSI Dips as Consumers' Pessimism Toward Homebuying Conditions Sets Survey Record CNBC U.S. added just 266,000 jobs in April, and March payrolls revised lower CNBC Treasury yields climb ahead of key April jobs report CNBC April jobs expected to top 1 million as consumers boost the economy Calculated Risk Blog Goldman April Payrolls Preview CNBC Fed warns about potential for 'significant declines' in asset prices as valuations climb Reuters Fed's Mester says policy will remain accommodative for some time

© 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.