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  • Fri, Oct 12 2018
  • 2:44 PM » A New Solution to an Old Problem: Making it Easier for the Self-Employed to Get a Mortgage
    Published Fri, Oct 12 2018 2:44 PM by Freddie Mac
    By Sam Oliver, VP Loan Advisor Suite SM Amid the backdrop of rising interest rates and declining origination volume, lenders need a leg up to cast a wider net for borrowers, including the self-employed. Read More
  • 1:47 PM » Thousands line up for zero-down-payment, subprime mortgages
    Published Fri, Oct 12 2018 1:47 PM by CNBC
    Following the subprime mortgage crisis, low-income borrowers with low credit scores were locked out of homeownership. Now a major player in the subprime crisis is backing new loans to the same borrowers but with a far different product. These are fixed-rate, fully documented loans at below-market interest rates.
  • 1:24 PM » Japan's Kuroda Says Treasury Yields Triggered Market Sell Off
    Published Fri, Oct 12 2018 1:24 PM by Bloomberg
    Bloomberg Japan's Kuroda Says Treasury Yields Triggered Market Sell Off Bloomberg Market volatility that started in the U.S. and rippled through Asia this week stemmed from rising U.S. Treasury yields, Japan's central bank governor said. While the economic fundamentals for the U.S., Europe and Japan haven't changed, a close eye will ...
  • 12:58 PM » Yellen says Fed is being 'thoroughly sensible' and not crazy like Trump says
    Published Fri, Oct 12 2018 12:58 PM by CNBC
    Former Federal Reserve Chair Janet Yellen balked at President Donald Trump's growing attacks on the Fed and expressed confidence in Jay Powell, her successor, according to The Wall Street Journal on Friday.
  • 12:04 PM » Hotels: Occupancy Rate Declined Slightly Year-over-year
    Published Fri, Oct 12 2018 12:04 PM by Calculated Risk Blog
    From STR: US hotel results for week ending 6 October The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 30 September through 6 October 2018, according to data from STR. In comparison with the week of 1-7 October 2017, the industry recorded the following: • Occupancy: -0.9% to 70.9% • Average daily rate (ADR): +2.4% to US$134.03 • Revenue per available room (RevPAR): +1.5% to US$95.05 Houston, Texas, experienced the steepest declines in occupancy (-26.7% to 62.8%) and RevPAR (-31.5% to US$67.08). Houston's hotel performance was lifted in the weeks and months that followed Hurricane Harvey in 2017 as properties filled with displaced residents, relief workers, insurance adjustors, media members, etc. emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average. Click on graph for larger image. The red line is for 2018, dash light blue is 2017, blue is the median, and black is for 2009 (the worst year probably since the Great Depression for hotels). The occupancy rate, to date, is just ahead of the record year in 2017. Note: 2017 finished strong due to the impact of the hurricanes.   There will be some boost to hotel occupancy in the Carolina and Florida regions following hurricanes Florence and Michael, but I expect the overall occupancy to be lower in 2018 than in 2017. Data Source: STR, Courtesy of
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 11:13 AM » Garages in New Homes: 2017 Data
    Published Fri, Oct 12 2018 11:13 AM by
    A majority of new homes that completed construction in 2017 included two-car garages, according to NAHB analysis of 2017 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions. Except for West North Central division, the 2-car garage was the largest share of the completed homes in all other divisions.... Read More ›
    Click Here to Read the Full Article

  • 10:22 AM » Preliminary October consumer sentiment at 99, vs 100 reading expected
    Published Fri, Oct 12 2018 10:22 AM by CNBC
    The University of Michigan's preliminary consumer sentiment gauge for October was expected to come in at 100.4, compared with the 100.1 reading from the previous month.
  • 9:53 AM » Cramer: The Fed is 'vastly out of touch' — I favor one more hike, then 'Yellen-ize' and hold
    Published Fri, Oct 12 2018 9:53 AM by CNBC
    During her tenure, Fed Chair Janet Yellen was cautious about raising rates while stressing that any future moves would depend on what the economic data showed.
  • 9:33 AM » Fed's Evans says it's time to 'readjust the policy stance' and keep raising rates
    Published Fri, Oct 12 2018 9:33 AM by CNBC
    The recent slide in stocks has not persuaded Chicago Federal Reserve President Charles Evans that the central bank should stop raising interest rates.
  • 8:10 AM » US Treasury yields jump as global equity markets bounce back
    Published Fri, Oct 12 2018 8:10 AM by CNBC
    U.S. government debt prices posted solid losses on Friday.
  • 8:10 AM » This is not the time to hike spending, the IMF tells Italy
    Published Fri, Oct 12 2018 8:10 AM by CNBC
    The International Monetary Fund (IMF) has one clear message for the Italian government: this is not the time to increase your spending bill.
  • 8:02 AM » Treasury Secretary Mnuchin: China selling US Treasuries in retaliation over trade would be costly
    Published Fri, Oct 12 2018 8:02 AM by CNBC
    Mnuchin joined "Squawk Box" from Bali, Indonesia, where the International Monetary Fund and the World Bank were holding their annual meetings. Top White House economic advisor Larry Kudlow told CNBC on Thursday the White House was working on a meeting between President Donald Trump and Chinese President Xi Jinping at next month's G-20 summit in Argentina.
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Mortgage Rates:
  • 30 Yr FRM 4.97%
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  • 15 Yr FRM 4.45%
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  • Jumbo 30 Year Fixed 4.40%
MBS Prices:
  • 30YR FNMA 4.5 102-11 (0-02)
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  • 30YR FNMA 5.0 104-10 (0-02)
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  • 30YR FNMA 5.5 106-05 (0-06)
Recent Housing Data:
  • Mortgage Apps 0.03%
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  • Refinance Index -0.10%
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  • Purchase Index 0.12%