The key to implementing non-QM products

With the refi boom falling off and the margin compression happening to lenders nationwide, lenders are looking at non-QM to help fill in those gaps. Learn how to implement non-QM products here!

RealTrends 2021 Team Profitability Study

Brokerage firms have often speculated about how well teams perform from a profit and loss point of view, as well as how productive they are. In this research study, RealTrends answers these two big questions.

Proven Strategies for Accelerating eMortgage Adoption with Freddie Mac and Better

This webinar will cover how the industry is working to overcome challenges lenders experience in adopting eClosings. You’ll hear from industry leaders at Snapdocs, Freddie Mac and Better Mortgage. Register now!

Logan Mohtashami on existing home sales, mortgage rates

Today’s HousingWire Daily begins the Rundown miniseries where HousingWire’s Editor-in-Chief Sarah Wheeler and Lead Analyst Logan Mohtashami will talking about housing and economics every Monday.


Freddie Mac: Mortgage rate decrease expected to continue

Next week could show more substantial declines

Mortgage rates fell slightly, but remained above the 4% mark, and are expected to see more substantial losses next week.

“The 30-year mortgage rate fell three basis points this week to 4.02%,” Freddie Mac Chief Economist Sean Becketti said. “However, this week’s survey closed prior to Wednesday’s flight to quality.”

Wednesday, turmoil in Washington over President Donald Trump’s alleged FBI scandals sent the Dow Jones Industrial average, and the 10-year Treasury, plummeting.

This chart shows the movement of mortgaged rates over the past year.

Click to Enlarge


(Source: Freddie Mac)

The 30-year fixed-rate mortgage dipped slightly to 4.02% for the week ending May 18, 2017. This is down from last week’s 4.05% but up from last year’s 3.58%.

The 15-year FRM also decreased slightly to 3.27%, down from 3.29% last week, but still up from 2.81% last year.

The five-year Treasury-indexed hybrid adjustable-rate mortgage slipped to 3.13%. This is a decrease from last week’s 3.14% but remains higher than 2.8% last year.

“The delayed impact of the associated decline in Treasury yields may push mortgage rates lower in next week’s survey,” Becketti said.

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please