Good morning and welcome to the weekend! We don’t have any scheduled housing news today, but there are always stories of interest out there. First up, Freddie Mac has joined Fannie Mae in including borrower’s rent payments in the profile of borrower’s credit scores. They’re even going a step further than Fannie by encouraging operators of multi-family properties to report timeliness of rent payments to the 3 major credit agencies. Second, mortgage lending rates fell last week for the first time in a month from 3.14% to 3.09% according to Freddie Mac.
Bonds today are up with the 10yr T-Note +12/32 to yield 1.48%. In MBS FNMA 30yr 2.50% are +15/32 to $103-05, which yields 1.80% and is +71 to the 5yr treasury curve. Have a great day and weekend and call or email if you want to work any MBS or loan inquiries.
Cherry Picks
10 Year Fixed
15 Year Fixed
20 Year Fixed
30 Year Fixed
Agency CMBS
Agency CMO – 3 Year
Agency CMO – 5 Year
Agency CMO – Long End
Jim Tait is a registered representative with and offers securities through Hanover Securities, Inc. (Hanover), Member FINRA & SIPC. Although this information has been obtained from sources we believe reliable, we do not guarantee its accuracy, and it may be incomplete or condensed. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Securities that may be shown are subject to availability and changes in price. Past performance is not indicative of future results. Changes in any assumptions may have a material effect on projected results.
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Although this information has been obtained from sources we believe reliable, we do not guarantee its accuracy, and it may be incomplete or condensed. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Loans and/or Securities which may be shown are subject to availability and changes in price. Past performance is not indicative of future results. Changes in any assumptions may have a material effect on projected results. This information from Banes Capital Group (BCG) and/or Hanover Securities is for your private use, and was obtained from sources we believe to be reliable. However, we do not represent that this information is accurate or complete, and it should not be relied on as such. This information is for institutional investors only, and as such certain transactions may give rise to substantial risk and are not suitable for all investors. This information was based on current market indicators which may vary over time. We may from time to time buy or sell, or have long or short positions in loans or securities identical or related to those identified herein.
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