Rates Chugging Along. FNMA and FHLMC Privatization?

A Dose of Wisdom

"The bad news is time flies. The good news is you’re the pilot."– Michael Altshuler

The First Hit

Going to keep it short and sweet this morning as Linkedin for me is acting very erratically...to the point where I was not even sure I could get this out. But here you go.....

There will be a press release in the not too distant future, and I will be posting it on Linkedin as well, but I have accepted a new position as National Sales Director - Correspondent Lending for Click n' Close! I am VERY excited about the position, the company, about working with the people I will be working with, and about our product offerings. A LOT more about that in the weeks and months ahead!

Freddie Mac - Economic, Housing and Mortgage Market Outlook – November 2024 | Spotlight: Housing Supply -

• The U.S. economy remains resilient with strong Q3 growth even as the labor market moderates.
• Recent volatility in mortgage rates has weighed on housing and mortgage activity.
• The housing market continues to be plagued by a shortage of housing units for rent and for sale. We estimate the national housing shortage is 3.7 million units as of Q3 2024.

Homebuyer demand for mortgages jumped 6%, as interest rates fell to the lowest level in over a month - CNBC

Trump 2.0 could privatize Fannie Mae and Freddie Mac - Interesting.....

Controlled Market Substance

10 Year Yield - Getting a little bounce this morning and looking a little range bound at the moment. We get ISM Services PMI this morning aaaaannnnnddd......Powell is speaking later today.

A quick look at the CME Group's Fed Watch tool this morning - currently showing about a 69% chance of a 25bp rate cut on the 18th.