While it sometimes seems as though Americans live online, there is still apparently one area where they still value human contact. A recent survey conducted by Fannie Mae found borrowers continue to put a lot of trust in their real estate agent and their mortgage lender. The survey, conducted with borrowers who had purchase mortgages originated in 2016 in the Fannie Mae book of business, found that homebuyers relied on a variety of information sources when shopping for a mortgage. These included friends and family, financial planners, government agencies, mass media and non-profit housing counselors. However, when asked which were the most influential, borrowers most often cited, in fact at nearly double the rate of the next closest response, were mortgage lenders at 32 percent, with real estate

October 20, 2017 Download our Mobile App: Download our Mobile App: Housing News Consumers: On-Line Mortgage Info Convenient, not Trustworthy While it sometimes seems as though Americans live online, there is still apparently one area where they still value human contact. A recent survey conducted by Fannie Mae found borrowers continue to put a lot of trust in their real estate agent and t... (read more) Housing News Existing Sales Beat Forecast Despite Taking a Hit From Hurricanes It was only a small gain , albeit larger than analysts expected, but after three straight months of sliding sales, the existing home sales report for September is still good news. The National Association of Realtors® (NAR), said the month saw cl... (read more) MBS Commentary MBS Live Day Ahead: Bonds Back on The Ropes It's a crappy day. Sorry to use such an esoteric analytical term, but it's the most accurate way to describe the outlook.  So what changed? Long story short, we'd been in a narrow, consolidative range since late September.  That r... (read more) Housing News Refinancing Share at Early 2017 Levels Refinancing increased its share of total originations in September, rising 3 percentage points from August to 38 percent of all closed loans. Ellie Mae, in its Originations Insight report says the refinance share was the highest since February and se... (read more) Rob Chrisman New Wholesaler, Lender/Vendor Tools; Capital Markets Product Not only are houses becoming smaller, but the lots are smaller also. Trulia tells us that houses built since 2015 occupy, on average, 25 percent of the land they were built on. That figure was only 13.9 percent in 1975. And according to Capital Econo... (read more) MBS Commentary MBS Live Recap: Catalonia (or China!) Helped Early; Powell Saved The Day It was a pretty interesting session for how narrow the range continues to be in bond markets--interesting both for bonds themselves and for the analysts scrambling to make sense of the movement.  Apart from last Friday's CPI data, there hasn... (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 98.86 -0.07 Price / Yield Change MBS UMBS 5.5 98.86 -0.07 UMBS 6.0 100.51 -0.05 GNMA 5.5 99.49 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/15 12:46AM EST 10 Year US Treasury 4.4577 +0.0189 Price / Yield Change US Treasury 2 YR Treasury 4.348 -0.002 5 YR Treasury 4.337 +0.011 7 YR Treasury 4.399 +0.012 10 YR Treasury 4.457 +0.018 30 YR Treasury 4.612 +0.029 Pricing as of: 11/15 12:46AM EST Latest Video White House: Taylor-Powell Fed pairing still under consideration Is the 'Trump trade' reignited? CNBC’s Fed Survey: Forty-four percent say Trump will pick Jay Powell as nex... Around the Web CNBC Trump may have narrowed down Fed pick to Powell and Taylor Calculated Risk Blog Q3 GDP Forecasts NAR - Realtor.com Home Prices Are Continuing to Fallby How Much? CNBC House flipping is making a comeback thanks to rising home prices Calculated Risk Blog A Few Comments on September Existing Home Sales CNBC How much it costs to buy a home in America's top 10 'hipster' neighborhoods Market Watch Financial ETF jumps to 10-year high as budget bill passage boosts bond yields Calculated Risk Blog BLS: Unemployment Rates Lower in 11 states in September; Tennessee and Idaho at New Series Lows Freddie Mac Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-068 Reuters U.S. existing home sales unexpectedly rebound in September Market Watch Dow, S&P 500 hit fresh records intraday on hope of tax-bill passage NAHB Eye on Housing Lots Account for 17% of New Home Sale Prices Market Watch Bond Report: Treasury yields jump as Senate passes budget bill, juices risk appetite

© 2024  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.