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Real estate daily market update: March 30, 2018

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 We’ll add more market news briefs throughout the day. Check back to read the latest.

Most recent market news

Friday, March 30

Bankrate mortgage rates

Source: Bankrate

News from earlier this week

Thursday, March 29

Freddie Mac Primary Mortgage Market Survey (PMMS)

Quote attributed to Len Kiefer, deputy chief economist:

“Treasury yields fell from a week ago helping to drive mortgage rates modestly lower. The yield on the 10-year Treasury dipped below 2.8 percent for the first time since early February of this year. The decline in Treasury yields comes as investors move into safer assets amid increased trade tensions. Following Treasurys, mortgage rates fell slightly. The U.S. weekly average 30-year fixed mortgage rate fell 1 basis point to 4.44 percent in this week’s survey.”

Zillow Mortgage Rate Ticker

Current rates for 30-year fixed mortgages by state. Source: Zillow

“Mortgage rates fell last Thursday as trade war fears sparked a financial flight to assets, despite a bullish FOMC meeting statement and press conference the previous afternoon,” said Aaron Terrazas, senior economist at Zillow.

“In a now familiar pattern, macroeconomic fundamentals were poised to push rates higher, but geopolitical news seized headlines and pushed rates in the other direction. Beyond the ever-present political and geopolitical risks, markets will watch inflation data due Thursday as well as speeches by two FOMC voters, but should be relatively quiet this week leading up to the Good Friday holiday.”

Wednesday, March 28

Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey

Tuesday, March 27

Bankrate mortgage rates

Source: Bankrate

Mortgage Bankers Association (MBA) 2017 Rankings of Commercial/Multifamily Mortgage Firms’ Origination Volumes

According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA), the following firms were the top commercial/multifamily mortgage originators in 2017:

The MBA study is the only one of its kind to present a comprehensive set of listings of 131 different commercial/multifamily mortgage originators, their 2017 volumes and the different roles they play. The MBA report, Commercial Real Estate/Multifamily Finance Firms – Annual Origination Volumes, presents origination volumes in more than 140 categories, including by role, by investor group, by property type, by financing structure type, and by the location of the originating office.

By dollar volume, the top five originators for third parties in 2017 were:

The top five lenders in 2017 were:

Ten different companies were at the top of the 11 lists reporting total originations by investor groups:

Monday, March 26

Bankrate mortgage rates

Source: Bankrate

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