Freddie Mac is forecasting that there will be GDP growth of 3.0 percent in the second quarter of this year, moderating from the strong 4.2 percent growth in the first quarter. The company's October Forecast, prepared by its Economic and Housing Research Group, now extends its predictions into 2020 and they are looking at substantial economic slowing by then. The forecast for all of 2018 is growth of 3.0 percent, slowing to 2.4 percent next year and to only 1.8 percent in 2020 "as the effects of expansionary fiscal policy fade." Last year's hurricanes damaged both the economy and the housing sector, but at this point Hurricane Florence is expected to create only a small dip in economic growth and cause no appreciable increase in foreclosures. The labor market picture continues to be strong with

October 30, 2018 Download our Mobile App: Download our Mobile App: Housing News Freddie Sees Home Sales Regaining Momentum in 2019 Freddie Mac is forecasting that there will be GDP growth of 3.0 percent in the second quarter of this year, moderating from the strong 4.2 percent growth in the first quarter. The company's October Forecast, prepared by its Economic and Housing Resea... (read more) Mortgage Rate Watch Mortgage Rates Edge Higher Mortgage rates were moderately higher today as underlying bond markets continued backing away from their strongest levels in more than 3 weeks (stronger bonds = lower rates). In general, bonds' strength had come at the expense of the stock market, bu... (read more) Housing News Weakening Home Prices Are Not a Signal for 2008 Reboot The S&P CoreLogic Case-Shiller U.S. National Home Price Index for August showed an annual appreciation rate that was lower than 6.0 percent for the first time in a year. The rate fell from 6.0 percent in July to 5.8 percent in the index which cov... (read more) MBS Commentary MBS Live Recap: Bonds Slightly Less Interested in Stocks, For Better or Worse If there's a theme in the bond market over the past 2 days, it's that we've broken away from the previously fairly rigid correlation with stocks.  That's not to say the correlation was helping bonds move at the same pace as stocks--simply that... (read more) Rob Chrisman Borrower Satisfaction Products; Upcoming Events; Price Compression and High Rates Plenty of vendors and lenders are focused on raising capital, merging, selling, or closing. It doesn’t take a brilliant detective to see the liquidity & earnings problems facing hundreds of lenders across the nation as warehouse banks and o... (read more) MBS Commentary MBS Live Day Ahead: Two Trends Suggest Risk of Resistance Bounce For Rates With bonds being flat to slightly weaker yesterday and now noticeably weaker overnight, we may be looking at our first real resistance bounce (aka "floor") in over a week.  Such a bounce makes a case for two different trends that may be emergi... (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 98.85 -0.07 Price / Yield Change MBS UMBS 5.5 98.85 -0.08 UMBS 6.0 100.51 -0.06 GNMA 5.5 99.48 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 11:52PM EST 10 Year US Treasury 4.4567 +0.0179 Price / Yield Change US Treasury 2 YR Treasury 4.352 +0.002 5 YR Treasury 4.338 +0.012 7 YR Treasury 4.401 +0.014 10 YR Treasury 4.459 +0.020 30 YR Treasury 4.610 +0.027 Pricing as of: 11/14 11:52PM EST Latest Video The market's future lies in whichever party wins in midterms, expert says October's consumer confidence index at 137.9 China says US tariff 'noise' won't intimidate China Around the Web CNBC Southern California suffers its worst housing slump in over a decade NAHB Eye on Housing Millennial Homeownership Rate Rises to 37% Calculated Risk Blog Update: A few comments on the Seasonal Pattern for House Prices CNBC Consumer confidence rises to an 18-year high in October Calculated Risk Blog HVS: Q3 2018 Homeownership and Vacancy Rates Bloomberg Italy Bonds Slide as Economy Slows, Debt Auction Underwhelms Calculated Risk Blog Case-Shiller: National House Price Index increased 5.8% year-over-year in August consumerfinancemonitor.com Will HUD propose a revised disparate impact rule by December 18? Redfin Redfin Housing Demand Index Posts Strong Gain from August to September Bloomberg US House Prices Are Rising Faster Than American Wages Bloomberg Blockchain Could Speed Homebuying, Once the Hurdles Are Cleared Reuters Trump says he expects 'great deal' with China, but more tariffs if not Reuters Wall Street falls on fresh China tariff worries

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