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  • Fri, Mar 17 2017
  • 2:42 PM » Shopping for a home? You better act fast
    Published Fri, Mar 17 2017 2:42 PM by CNBC
    It's cold outside, but hot indoors, as housing experts say this might be the best time to sell (and a good time to buy).
  • 1:28 PM » As Yellen Complains of 'Noisy' GDP, the Fed Makes a Racket
    Published Fri, Mar 17 2017 1:28 PM by Bloomberg
    Bloomberg As Yellen Complains of 'Noisy' GDP, the Fed Makes a Racket Bloomberg Federal Reserve Chair Janet Yellen grumbled this week that gross domestic product is a "noisy" number. Lately the source of the racket has been within her central bank. First-quarter GDP estimates from regional Fed banks show widely different views of ... and more »
  • 1:27 PM » Freddie Mac Sells $667 Million NPLs
    Published Fri, Mar 17 2017 1:27 PM by
    Freddie Mac Sells $667 Million NPLs
    Click Here to Read the Full Article

  • 10:54 AM » Digging deep into who struggles to afford housing in your region
    Published Fri, Mar 17 2017 10:54 AM by National Housing Conference
    by Janet Viveiros Most Americans know that there are serious gaps between what housing costs and what people can afford in many communities across the country. Many know this first hand from their struggles to make their rent or mortgage payment each month, others know it secondhand from watching friends and families struggle and others simply hear the periodic news stories about how housing costs in New York City or San Francisco have reached new highs. Despite a general and widespread acknowledgement that affordable housing challenges exist for some, most policymakers and members of the public are not aware of how dramatic the gaps are between what people earn and what they're able to afford, particularly outside of high-cost regions. NHC's recent webinar,"Paycheck to Paycheck: More than Housing ," explored these housing affordability gaps. Few people think about low-cost Midwestern metro areas like Gary, Indiana, or Detroit, Michigan, as being places where workers face serious housing affordability challenges, yet for many, they are. The webinar also shared these key findings from NHC's recent supplement to the data tool, " More than Housing :" Housing costs comprise a significantly higher percentage of income for lower-income households compared to higher-income households. Low-income renters spend relatively more of their income on housing than low-income homeowners.   Both renters and owners are more likely to encounter major housing affordability challenges in and around major cities along the East and West Coasts. As discussed during the webinar, the housing affordability picture changes when you look at typical earnings and housing costs in the context of other household costs. Many working households are not able to make ends meet when you add up all their expenses.  For example, a Colorado family of four with a combined monthly income of $4,749 could fall short of paying for necessary household expenses by...
    Click Here to Read the Full Article

    Source: National Housing Conference
  • 10:07 AM » Consumer sentiment hits 97.6 in March, vs. 97 estimate
    Published Fri, Mar 17 2017 10:07 AM by CNBC
    Economists expected the University of Michigan's Consumer Sentiment Index to hit 97 in March, according to Thomson Reuters.
  • 9:54 AM » US factory production rose for 6th straight month
    Published Fri, Mar 17 2017 9:54 AM by CNBC
    U.S. factories cranked out more autos, steel and computers in February, the sixth straight monthly increase in manufacturing output.
  • 9:53 AM » Fed's Kashkari wants plan on balance sheet before any more rate hikes
    Published Fri, Mar 17 2017 9:53 AM by Reuters
    (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari, the lone dissenter against the U.S. central bank's decision this week to raise interest rates, said on Friday the U.S. economy is still falling short on employment and inflation.
  • 9:53 AM » Op-Ed: Why the bond market sell-off is over
    Published Fri, Mar 17 2017 9:53 AM by CNBC
    The Trump trade is creating these opportunities for bonds, says UBS's Mark Haefele.
  • 9:53 AM » Why Eliminating Government Agencies Is A Lot Easier Said Than Done
    Published Fri, Mar 17 2017 9:53 AM by
    President Trump's budget blueprint isn't the administration's only effort to downsize and reorganize the government. It's something many presidents have tried before him.
  • 8:03 AM » Job Surge Fuels Bidding Wars for Record-Low Supply of US Homes
    Published Fri, Mar 17 2017 8:03 AM by Bloomberg
    Job Surge Fuels Bidding Wars for Record-Low Supply of US Homes Bloomberg The winning bidder of a Grand Rapids, Michigan, house has been offered almost $20,000 to hand his purchase contract to another buyer. An agent in Nashville, Tennessee, got a property for his client by cold-calling local homeowners. Near Columbus, Ohio ... and more »
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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.96%
  • |
  • 15 Yr FRM 3.30%
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  • Jumbo 30 Year Fixed 4.16%
MBS Prices:
  • 30YR FNMA 4.5 106-17 (-0-00)
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  • 30YR FNMA 5.0 108-08 (0-03)
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  • 30YR FNMA 5.5 110-06 (0-01)
Recent Housing Data:
  • Mortgage Apps 3.27%
  • |
  • Refinance Index 5.05%
  • |
  • Purchase Index 1.43%