The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

Inside Look: RealTrends 2021 Brokerage Compensation Study

Steve Murray, senior advisor to RealTrends, gives an exclusive first look at the 2021 RealTrends Brokerage Compensation Report.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

How lenders can prepare for increasing regulatory pressures

As compliance becomes an increased focal point for mortgage lenders and investors, staying ahead of state and federal regulations can be the difference between a flourishing business and one mired in fines.


Freddie Mac: Mortgage rates drop further below 4%

Marks three weeks of consecutive declines

The average 30-year fixed mortgage rate dropped again, marking the third consecutive week of declines, the most recent results from Freddie Mac’s Primary Mortgage Survey reported. 

The 30-year fixed-rate mortgage averaged 3.93% for the week ending Dec. 3, 2015, down from last week when it averaged 3.95%. Last year, it averaged 3.89%. 

Also falling, the 15-year FRM this week averaged 3.16%, down from last week when it averaged 3.18%. A year ago at this time, the 15-year FRM averaged 3.10%. 

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.99% this week, down from last week when it averaged 3.01%. In 2014, the 5-year ARM averaged 2.94 percent.

The 1-year Treasury-indexed ARM averaged 2.61% this week, up from 2.59% last week and 2.41% a year ago.

Click to enlarge

Mortgage rates

(Source: Freddie Mac)

"Treasury yields ticked down 3 basis points after weak manufacturing data. In response, the 30-year mortgage rate dropped 2 basis points to 3.93%,” said Sean Becketti, chief economist with Freddie Mac.

“After the survey closed, Yellen implied that the economy is ready for a rate hike in December. However, all eyes remain on this Friday's jobs report, the last significant release prior to the FOMC's meeting,” he added. 

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