Jumbo loans have historically been more expensive for borrowers than those the meet the "conforming" loan limit - which is currently set at $424,100. CoreLogic, in a new analysis, says that changed several years ago. Starting in mid-2013, borrowing through a jumbo loan has been cheaper than using a conforming one. In the first quarter of 2017, the difference averaged 21 basis points . Many jumbo loans are, in a sense, conforming as well, falling within those special loan limits set on a county by county basis for GSE and FHA lending in higher cost areas. By their nature these jumbos are not available to borrowers in many markets. It is unclear whether jumbo loans from private lenders are included in the analysis. Archana Pradhan, senior professional economist, writes in the CoreLogic Insights

August 9, 2017 Download our Mobile App: Download our Mobile App: Housing News Post-Crisis Paradox Continues as Jumbo Beats Conforming Jumbo loans have historically been more expensive for borrowers than those the meet the "conforming" loan limit - which is currently set at $424,100. CoreLogic, in a new analysis, says that changed several years ago. Starting in mid-2013, borrowing t... (read more) MBS Commentary MBS Live Day Ahead: Pain Trade Potential on Multiple Scales There are several definitions of "pain trade" floating around on the web, and I'm not a huge fan of any of them.  The top google hit is particularly bad, despite having elements that do indeed jive with how the average trader might describe it.&... (read more) Housing News CoreLogic: Economic Tailwinds Aiding Mortgage Performance CoreLogic reported on Tuesday that the national mortgage delinquency rate in May was the lowest in nearly a decade . The company's Loan Performance Insights Report for the month shows 4.5 percent of outstanding mortgages were in some stage of delinqu... (read more) Rob Chrisman Conferences and Training; Wells, PHH settle; Tech Updates - Like your LOS? A while back I was walking past a small group of a lender’s senior managers and one of them was joking, “With the money we’ll save by shutting down quality control, we can issue some truly spectacular apologies.” Can lenders d... (read more) Housing News Refinancing Gains Ground on Lower Rates Refinancing performed well during the week ended August 4, pulling the Mortgage Bankers Association's Market Composite Index higher. The Index, a measure of mortgage application volume, increased 3.0 percent on both a seasonally adjusted and an unadj... (read more) MBS Commentary MBS Live Recap: Mostly Weaker, Bonds Battle Back on Korea Headlines Bonds began the day in moderately weaker territory and continued to lose ground through the early afternoon.  After consolidating in extreme fashion over the past 2 weeks, stocks finally popped higher.  This is one of the few cases where ... (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 98.99 +0.06 Price / Yield Change MBS UMBS 5.5 98.97 +0.04 UMBS 6.0 100.62 +0.06 GNMA 5.5 99.60 +0.03 GNMA 6.0 100.73 +0.02 Pricing as of: 11/15 7:26AM EST 10 Year US Treasury 4.4305 -0.0083 Price / Yield Change US Treasury 2 YR Treasury 4.323 -0.027 5 YR Treasury 4.311 -0.015 7 YR Treasury 4.377 -0.010 10 YR Treasury 4.438 0.000 30 YR Treasury 4.598 +0.015 Pricing as of: 11/15 7:26AM EST Latest Video Santelli Exchange: The dollar debate rages on Santelli Exchange: The diminishing quality of labor North Korea reviewing plans to strike Guam with missiles Around the Web Freddie Mac Freddie Rental Income Changes Market Watch Fed risks being too aggressive on rate hikes, Bullard says Calculated Risk Blog Update: Framing Lumber Prices Up Year-over-year CNBC Why markets aren't overly concerned with the North Korea situation yet Market Watch Fed's Evans backs balance-sheet reduction but ambivalent toward another rate hike HUD HUD Reports 'Worst Case Housing Needs' Increased in 2015 Bloomberg Bond Traders Grope for Right Recession Gauge in Emerging Markets CNBC US wholesale inventories post biggest gain in 6 months PR Newswire Americans Concerned That Hot Housing Market Could Be Heading for a Correction NAHB Eye on Housing Home Equity Used to Start Seven Percent of U.S. Businesses CNBC US Treasurys higher as investors shelter in safe haven bonds from geopolitical worries HUD HUD Approves Discrimination Agreement Between California Fair Housing Group and Marin County Landlords Calculated Risk Blog Leading Index for Commercial Real Estate "Stumbles" in July

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