Like a rising tide, rising prices are pushing a lot of other financial elements higher. Earlier this week surging home prices drove a near $100K increase in conforming loan limits, now regulators have raised the dollar threshold for an exemption to the Truth in Lending Act (TILA) based on rising wages. Section 129H of TILA establishes special appraisal requirements for "higher-risk mortgages," termed "higher-priced mortgage loans" or "HPMLs" in the agencies' regulations. The Consumer Financial Protection Bureau (CFPB), the Federal Reserve Board, and the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Federal Housing Finance Agency (FHFA) jointly issued final rules implementing these requirements

December 2, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.34% +0.06%   6.13% 7.26% 15 Yr. Fixed 5.82% +0.01%   5.6% 6.59% 30 Yr. Jumbo 6.32% +0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Dec 2, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.34% +0.06 0.00 15 Yr. Fixed 5.82% +0.01 0.00 30 Yr. FHA 6.06% +0.05 0.00 30 Yr. Jumbo 6.32% +0.02 0.00 7/6 SOFR ARM 5.98% +0.09 0.00 30 Yr. VA 6.08% +0.05 0.00 Updates Daily - Last Update: 11/3 Freddie Mac Rate Change Points 30 Yr. Fixed 6.17% -0.02 0.00 15 Yr. Fixed 5.41% -0.03 0.00 Updates Weekly - Last Update: 10/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.58 +0.13   95.05 100.11 UMBS 30YR 5.5 101.08 +0.08   97.47 101.40 10 YR Treasury 4.086 -0.023   3.932 4.780 MBS Price Change UMBS 4.5 97.53 +0.12 UMBS 5.0 99.58 +0.13 UMBS 5.5 101.08 +0.08 GNMA 4.5 97.53 +0.02 GNMA 5.0 99.80 +0.15 GNMA 5.5 100.87 +0.08 Pricing as of: 11/4 2:59AM EST US Treasury Yield Change 2 YR Treasury 3.582 -0.027 5 YR Treasury 3.695 -0.029 7 YR Treasury 3.878 -0.027 10 YR Treasury 4.086 -0.023 30 YR Treasury 4.668 -0.026 Pricing as of: 11/4 2:59AM EST Other News TILA Appraisal Exemption Threshold Moves Higher Thu, Dec 2, 2021 11:26AM Like a rising tide, rising prices are pushing a lot of other financial elements higher. Earlier this week surging home prices drove a near $100K increase in conforming loan limits, now regulators have raised the dollar threshold for an exemption to the Truth in Lending Act (TILA) based on rising wages. Section 129H of TILA establishes special appraisal requi... (read more) Residential Construction No Longer Dominating Spending Wed, Dec 1, 2021 4:55PM National spending on construction spending rose slightly in October, but for the second month in a row, the increase wasn't driven by the residential sector. The U.S. Census Bureau reported that construction put in place during the month was at a seasonally adjusted annual rate of $1.598 trillion, an 0.2 percent increase from September and up 8.6 percent com... (read more) Homebuyer, Fee Collection, Loan Delivery Tools; Conv. Conforming Changes; IMB Profits Thu, Dec 2, 2021 11:23AM Today, 20211202 (2nd December 2021), is a palindrome in the YYYYMMDD format. That aside, sorry the commentary is a little late this morning: I went out drinking after my yearly review with my cat Myrtle last night. It did not go well. By the way, she is the one that reviews my performance; I don’t review hers. Now I’m on some kind of quarterly ev... (read more) Latest Video Inventory-starved market needs about 1 million more homes The 2pm Bond Report - December 2, 2021 300,000 homes could come into market as home ownership equity hits highs Initial jobless claims come in below estimates at 222,000 Around the Web Fannie Mae Barriers to Entry: Closing Costs for First-Time and Low-Income Homebuyers Calculated Risk Blog Rents Still Increasing Sharply Reuters Democrats, Republicans in U.S. Congress reach deal in government shutdown talks Calculated Risk Blog October Employment Preview CFPB Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans Calculated Risk Blog Hotels: Occupancy Rate Up 5% Compared to Same Week in 2019; Record Thanksgiving Week Occupancy CNBC Thousands could soon lose or sell their homes as Covid mortgage bailouts expire Reuters As shutdown looms, U.S. lawmakers agree on funding government through Feb. 18 CNBC Omicron Covid variant circulating for longer and more widely than first thought, experts say CNBC U.S. weekly jobless claims total 222,000 vs. 240,000 estimate CNBC Treasury yields mixed amid persistent omicron variant fears Calculated Risk Blog Fed's Beige Book: "Economic activity grew at a modest to moderate pace" Redfin Housing Market Update: For-Sale Home Supply Hits All-Time Low

© 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.