Construction spending continued to have a hard time getting out of the 2018 starting blocks in February. Overall spending from both the public and private sectors did manage a tiny increase after achieving no change from December to January, but most specific categories of spending were down for the month. The Census Bureau said spending in February was at a seasonally adjusted annual rate of $1.273 trillion, an 0.1 percent increase from $1.273 trillion in January. The January number was a small upward revision from the original $1.263 trillion estimate. The months spending was up 3.5 percent when compared to February 2017. On a non-adjusted basis, spending in February was estimated at $88.280 billion compared to $88.023 billion the previous month. Year to date spending in 2018 is running 4

April 2, 2018 Download our Mobile App: Download our Mobile App: Housing News Construction Spending Stalled for Second Month Construction spending continued to have a hard time getting out of the 2018 starting blocks in February. Overall spending from both the public and private sectors did manage a tiny increase after achieving no change from December to January, but most... (read more) Rob Chrisman State Law Changes for Lenders; What You Should Know About the Economy and Rates This year the usual Tax Day (April 15) falls on a Sunday, and the next day is Emancipation Day, a legal holiday in D.C. That means you have until midnight on April 17 to file. There’s your tax tip for the day. (Lenders & accountants know th... (read more) MBS Commentary MBS Live Day Ahead: Bonds Defend Recent Milestone Ahead of NFP Last week saw a potentially significant development for bond markets with the break below key technical levels in 10yr yields and the yield curve.  For 10's, the key level had been (and still is) 2.80%.  Whereas it had been acting as a pers... (read more) Mortgage Rate Watch Mortgage Rates Unchanged Despite Market Improvements Mortgage rates were generally unchanged today, although a few lenders offered slight improvements. This stands in contrast to the noticeable improvements in underlying bond markets. As we discussed yesterday, Treasury yields are leading the charge to... (read more) Housing News Affordability is Declining and is Likely to Get Worse ATTOM Data Solutions, formerly known to us as RealtyTrac, has released an affordability report which shows that median home prices in the first quarter of 2018 failed to be affordable for average wage earners in 304 or 68 percent of the 446 counties ... (read more) MBS Commentary MBS Live Recap: Bonds Improve Nicely Ahead of 3-day Weekend Bond markets closed early today and will be fully closed tomorrow for the Good Friday holiday.  It was also "month-end," which can bring in additional compulsory volume from traders who have to make certain trades by the end of the month. One ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.93 +0.09 Price / Yield Change MBS UMBS 5.5 99.92 +0.08 UMBS 6.0 101.62 +0.06 GNMA 5.5 100.07 +0.10 GNMA 6.0 101.48 +0.07 Pricing as of: 7/2 11:29PM EST 10 Year US Treasury 4.2602 -0.0196 Price / Yield Change US Treasury 2 YR Treasury 3.766 -0.022 5 YR Treasury 3.846 -0.021 7 YR Treasury 4.036 -0.021 10 YR Treasury 4.263 -0.017 30 YR Treasury 4.791 -0.018 Pricing as of: 7/2 11:29PM EST Latest Video Here's how much homeowners could cash out in home equity Santelli Exchange: Vulnerable rates ISM manufacturing index at 59.3 in March Around the Web NPR U.S. Stocks Tumble Amid Nervousness Over Tech Sector, China Trade War bkfs.com Black Knight's Mortgage Monitor: Tappable Equity Sees Greatest Calendar-Year Rise on Record, Increasing $735 Billion in 2017; HELOC Market Share Poised to Rise Reuters More U.S. real estate deals can go ahead without appraisal: regulators Bloomberg Trade Concern Seeps Into Canadian Consumer Confidence Numbers American Bankers Assoc. ABA Farm Bank Report: Ag Lending up 6 Percent in 2017 CNBC ISM manufacturing index hits 59.3 in March; construction spending up 0.1% in February NAHB Eye on Housing NAHB Releases New Home Building Employment Estimates by State NAR - Realtor.com Sky-High Prices Got You Down? Here Are the Top Middle-Class Housing Meccas Bloomberg Rising Rates Sounding Alarm Bells for Debt-Laden US Consumers - Bloomberg NAHB Eye on Housing US Economy Grew Faster Than Previously Estimated NMHC Apartment Industry to Weigh in on Building Code Development Calculated Risk Blog Reis: Office Vacancy Rate increased in Q1 to 16.5% CNBC Rent is rising more slowly, easing strain on Americans

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.