It seemed just an aside in the National Association of Realtors press release regarding January existing home sales. NAR President William E. Brown, took a shot at the GSE's saying first, "Supply and demand imbalances continue to be burdensome in many markets, and now Fannie Mae is supporting a Wall Street firm's investment in single-family rentals." Then widening his comment to include Freddie Mac, said, "Instead, the GSEs should lower overly burdensome fees and help qualified borrowers become homeowners." It turns out there is a little more to the story . Brown was referring to Fannie Mae's recent decision to back a $1 billion mortgage given to Invitation Homes. The company, a subsidiary of private equity firm Blackstone, purchased an estimated 48,000 foreclosed single family homes subsequent

February 23, 2017 Download our Mobile App: Download our Mobile App: Housing News Fannie Mae's Blackstone Deal Provokes Blowback It seemed just an aside in the National Association of Realtors press release regarding January existing home sales. NAR President William E. Brown, took a shot at the GSE's saying first, "Supply and demand imbalances continue to be burdensome in man... (read more) Housing News Inventories Driving Price Gains Despite Rates Home prices, as measured by the Federal Housing Finance Agency's (FHFA's) Housing Price Index (HPI), rose even faster on an annual basis in December than they had earlier in the fall. The year-over-year gain was 6.2 percent, up from 6.1 percent in th... (read more) Mortgage Rate Watch Mortgage Rates Match 2-Week Lows Mortgage rates moved lower for the 4th time in 5 days today, bringing them to their lowest levels since February 9th. The caveat to any discussion of rate "movement," however, is that the changes have been so small that they can really only be measur... (read more) Housing News Urban Institute Asks "What Happened to Black Homeownership?" The Urban Institute (UI) is asking "What has happened to black homeownership?" It has "declined to levels not seen since the 1960s when private race-based discrimination was legal." Like most demographic groups, black Americans saw homeownership gain... (read more) Housing News Interest Rates Taking a Toll on Mortgage Prepayments Rising interest rates took a toll on mortgage prepayments in January. Black Knight Financial Services said the pre-payment rate (SMM) was down 29.83 percent compared to December. Despite the downturn, the rate, 0.95 percent, was still 17.15 percent h... (read more) MBS Commentary MBS Live Recap: Calm, Positive Day For Bonds More than any other day in recent memory, today's trend was remarkably narrow for bond markets.  That's not to say it was "flat," though.  Indeed, there was a certain, much-beloved " diagonal " quality to the trend as it led rates lower and... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.02% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.02% +0.01 0.00 15 Yr. Fixed 6.37% 0.00 0.00 30 Yr. FHA 6.30% -0.02 0.00 30 Yr. Jumbo 7.20% 0.00 0.00 7/6 SOFR ARM 6.99% +0.04 0.00 30 Yr. VA 6.32% -0.02 0.00 Updates Daily - Last Update: 11/14 15 Yr. Fixed Rate 6.37% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.78% -0.01 0.00 15 Yr. Fixed 5.99% -0.01 0.00 Updates Weekly - Last Update: 11/14 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly - Last Update: 10/30 MBS / Treasuries UMBS 30YR 5.5 98.84 -0.16 Price / Yield Change MBS UMBS 5.5 98.89 -0.11 UMBS 6.0 100.55 -0.08 GNMA 5.5 99.50 -0.17 GNMA 6.0 100.67 -0.15 Pricing as of: 11/14 5:51PM EST 10 Year US Treasury 4.4487 -0.0153 Price / Yield Change US Treasury 2 YR Treasury 4.353 +0.080 5 YR Treasury 4.330 +0.030 7 YR Treasury 4.388 +0.015 10 YR Treasury 4.440 -0.024 30 YR Treasury 4.592 -0.042 Pricing as of: 11/14 5:51PM EST Latest Video Mnuchin: We 'absolutely' view the stock market as a report card Treasury's Mnunchin: Committed to fixing Fannie Mae & Freddie Mac I didn't hear 'balance' or 'sheet': DiMartino Around the Web CNBC Construction stocks slide amid report that US infrastructure spending won't come until next year Calculated Risk Blog Update on lack of Chinese Residential Real Estate Buyers Bloomberg Trump Rally's Prospects 'Not Looking Too Hot,' Bond Manager Says Bloomberg Claims for Jobless Benefits in US Point to Firm Job Market CNBC How Mnuchin's comments dinged the dollar CNBC Morgan Stanley says housing recovery still in 'middle innings,' upgrades Home Depot to overweight feedproxy.google.com Stable Growth Expected for Commercial Real Estate in 2017 Freddie Mac Continued Uncertainty Causes Mortgage Rates to Hold CNBC Here's the salary needed to afford a home in the 15 largest cities Bloomberg Mnuchin Super-Long Chatter Sends Treasury Yield Curve Steeper bkfs.com Black Knight Financial Services' First Look at January 2017 Mortgage Data Reuters U.S. house prices to rise; analysts wary of deregulation: Reuters poll Market Watch Treasury seriously studying issuing 50-year or 100-year bonds: Mnuchin

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