We know that home price growth is slowing , and cash-out refinancing has been coming back, still it is a bit of a stunner to find that homeowner equity actually declined in the third quarter of this year. Black Knight's current issue of its Mortgage Monitor reports that the amount of total equity (home value net of mortgage balance) held nationally by homeowners at the end of the third quarter was down by $160 billion compared to the second quarter of the year and now totals $9.8 trillion. Of that total, $5.9 trillion is considered "tappable," that is equity that can be withdrawn by the homeowner without hitting a maximum 80 percent combined loan-to-value (CLTV) ratio. That also fell, down by $140 billion quarter-over-quarter, the first decline since the housing recovery began in 2012. Both

December 10, 2018 Download our Mobile App: Download our Mobile App: Housing News Black Knight and the Case of the Disappearing Equity We know that home price growth is slowing , and cash-out refinancing has been coming back, still it is a bit of a stunner to find that homeowner equity actually declined in the third quarter of this year. Black Knight's current issue of its Mortgage ... (read more) Housing News A Gift From Fannie/Freddie - Evictions Suspended for the Holidays Both Freddie Mac and Fannie Mae have announced the suspension of eviction lockouts for single-family and two- to four-unit properties for the holiday season. The moratorium will begin December 17 and end January 2. Fannie Mae said it will allow legal... (read more) Rob Chrisman Broker and Front-End Products, Subservicer Webinar; Rates Watching Overseas' Markets The focus is on the holidays but there is plenty of 2019 wedding planning occurring. Despite that, according to the U.S. Census Bureau, adults are increasingly delaying saying, “I Do” as the median age at first marriage continues to climb... (read more) Housing News NAHB Says Second Homes Aren't Just Vacation Destinations The stereotype of a second home usually involves a tropical beach, a boat dock on a lake, or skiers whizzing past a picture window, but the National Association of Home Builders (NAHB) says that is not reality. Or at least not all of it. Na Zhao, wri... (read more) MBS Commentary MBS Live Day Ahead: How We Guard Our Newfound Gains We've had an impressive winning streak recently and have acquired gains worthy of a watchful, protective eye.  Will this be a durable rally or a fleeting victory?  That question can't be answered without seeing how economic data and event... (read more) MBS Commentary MBS Live Recap: Bonds Think it Over After NFP, Then Finally Decide to Rally This morning's trading--both before and after NFP came out--basically acted as additional time for debate .  Both MBS and Treasuries bounced quickly, but symmetrically around yesterday's closing levels before finally choosing a direction. ... (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 98.83 -0.10 Price / Yield Change MBS UMBS 5.5 98.83 -0.09 UMBS 6.0 100.49 -0.07 GNMA 5.5 99.46 -0.10 GNMA 6.0 100.63 -0.08 Pricing as of: 11/15 1:06AM EST 10 Year US Treasury 4.4631 +0.0243 Price / Yield Change US Treasury 2 YR Treasury 4.354 +0.004 5 YR Treasury 4.343 +0.017 7 YR Treasury 4.405 +0.017 10 YR Treasury 4.461 +0.022 30 YR Treasury 4.613 +0.030 Pricing as of: 11/15 1:06AM EST Latest Video Santelli Exchange: Recession risk Job openings at 7.1 million at the end of October Uncertainty in the market will likely lead to gradual rate hikes, Steve Lie... Around the Web Reuters Fed seen slowing, or even stopping, rate hikes next year Reuters Wells Fargo won't be allowed to grow unless problems fixed: Fed's Powell CNBC Morgan Stanley sees growing risk of 'earnings recession' next year as yield curve inverts Bloomberg U.K. Bond Yield Curve on Fire' After May Delays Brexit Vote Calculated Risk Blog AAR: November Rail Carloads Down 0.2% YoY, Intermodal Up 2.5% YoY Bloomberg EU Commission Says It Won't Re-Negotiate Brexit Bloomberg Goldman Says Chance of Fed Rate-Hike in March Now Below 50% Calculated Risk Blog BLS: Job Openings increase to 7.1 Million in October CNBC Small-business optimism dips over fears of an economic slowdown: Survey CNBC Tudor Jones predicts Fed will not hike rates in 2019 after raise in December CNBC Goldman Sachs reduces its outlook for Fed rate hikes but thinks the market is still wrong Bloomberg Treasuries Rally Must Clear $78 Billion Hurdle, Inflation Report CNBC Peer-to-peer lender Zopa to seek more funding in 2019 as it opens its own bank

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