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Mortgage News Daily

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New Home Sales Slightly Stronger; Previous Reading Revised Higher
Posted to: Micro News
Friday, May 23, 2014 10:09 AM

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  • April New Home Sales 433k vs 425k forecast
  • March revised to 407k from 384k
  • Northeast -26.7 pct, Midwest +47.4 pct, South +3.1 pct, West unch'd
  • 5.3 months supply vs 5.6 in March
  • Median Price 275,800 vs 279,300 in April 2013
  • Homes for sale 192k, highest since Nov 2010

Generally slightly stronger data, but nothing that alters the low, sideways trend in New Home Sales that began in 2013.  Bond markets haven't done anything with the data yet.  MBS are still 4 ticks higher on the day and 10yr yields still hanging around 2.53. 




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Mortgage Rates:
  • 30 Yr FRM 3.98%
  • |
  • 15 Yr FRM 3.18%
  • |
  • Jumbo 30 Year Fixed 3.83%
MBS Prices:
  • 30YR FNMA 4.5 108-18 (0-01)
  • |
  • 30YR FNMA 5.0 110-25 (-0-01)
  • |
  • 30YR FNMA 5.5 111-26 (0-01)
Recent Housing Data:
  • Mortgage Apps 4.93%
  • |
  • Refinance Index 0.90%
  • |
  • FHFA Home Price Index 0.67%