New home sales continue to improve after grim reports in December and January. New home sales posted a solid gain in March, and revisions to the February data also resulted in a positive outcome during the month. Those sales, reported by the U.S. Census Bureau and the Department of Housing and Urban Development on Tuesday, bested analysts' expectations and put sales well ahead of those in 2017. Sales of newly constructed single-family homes were at a seasonally adjusted annual rate of 694,000 in March compared to the revised rate of 667,000 in February, a 4.0 percent increase. Even better, the revision to February numbers was significant, up from the original report of 618,000, originally reported as a 0.6 percent month-over-month loss. That number had been viewed as good news, after drops

April 24, 2018 Download our Mobile App: Download our Mobile App: Housing News Home Sales Unfazed by Spring Snow and Rising Rates New home sales continue to improve after grim reports in December and January. New home sales posted a solid gain in March, and revisions to the February data also resulted in a positive outcome during the month. Those sales, reported by the U.S. Cen... (read more) Housing News FHFA: Current Run of Rising Home Prices Likely to Continue Both the Federal Housing Finance Agency (FHFA) and the S&P CoreLogic Case-Shiller reported on February home prices on Tuesday and both showed little moderation in the rate of appreciation. Case-Shiller's reported gains, in fact, appear to be grow... (read more) Rob Chrisman TPO and Secondary Products; Lender Data Breach; New LIBOR Substitute Where should a lender reduce expenses? I received this note from STRATMOR’s Jeff Babcock. “In our numerous conversations with client mortgage origination companies regarding necessitous cost cutting, the target is virtually always operati... (read more) MBS Commentary MBS Live Day Ahead: Don't Let 3.0% Make You Dumber You won't be able to avoid "3% 10yr Treasury Yields" this week.  For starters, 10's have already hit 3.0033% today, but simply being close seems to have everyone inside and outside the industry talking.  As is often the case when there's a ... (read more) Mortgage Rate Watch Mortgage Rates Push Farther Into 4-Year Highs Mortgage rates moved somewhat higher again today, thus pushing them farther into the highest levels in more than 4 years. This isn't the result of anything that happened today, but rather an ongoing process whereby the bond market (which underlies ra... (read more) MBS Commentary MBS Live Recap: Bond Market Pain Continues; Volatility Potential Only Increasing After yesterday's somewhat hopeful leveling-off in bond yields, today served to drive home the point that hope is futile and only bad things are going to happen forever and ever.  Well, at least that's how it felt today.  To be fair, yiel... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% 0.00 0.00 15 Yr. Fixed 5.91% 0.00 0.00 30 Yr. FHA 6.19% -0.01 0.00 30 Yr. Jumbo 6.80% 0.00 0.00 7/6 SOFR ARM 6.29% -0.04 0.00 30 Yr. VA 6.20% -0.02 0.00 Updates Daily - Last Update: 7/1 15 Yr. Fixed Rate 5.91% +0.00% 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 99.91 -0.02 Price / Yield Change MBS UMBS 5.5 99.90 -0.02 UMBS 6.0 101.57 -0.01 GNMA 5.5 100.06 0.00 GNMA 6.0 101.42 +0.01 Pricing as of: 7/1 11:14PM EST 10 Year US Treasury 4.2465 +0.0073 Price / Yield Change US Treasury 2 YR Treasury 3.777 0.000 5 YR Treasury 3.838 -0.001 7 YR Treasury 4.022 +0.009 10 YR Treasury 4.249 +0.009 30 YR Treasury 4.771 +0.004 Pricing as of: 7/1 11:14PM EST Latest Video Consumer confidence at 128.7 in April Santelli Exchange: U.S. 10-year yields reach 3% Tax bill will slash by half the number of homeowners claiming the mortgage ... Around the Web CNBC It's clear the market is telling us there is a problem up ahead Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in February Reuters Wall Street sunk by corporate cost warnings, bond nerves Reuters U.S. consumer confidence, housing data highlight economy's strength Calculated Risk Blog A few Comments on March New Home Sales CNBC Homebuyers are stretching their budgets and mortgage limits to win bidding wars CNBC Consumer confidence at 128.7 in April, vs 126 reading expected NAR - Realtor.com Tax Changes Mean Mortgage-Interest Deduction Finds Fewer Takers Redfin Redfin Housing Demand Index Fell 6.5% From February to March as Fewer Homes Hit the Market Bloomberg The New Way to Invest in Real Estate Starts With Emailing Rich People CNBC This trader sees the 10-year yield close to 4 percent CNBC The 10-year Treasury yield above 3% could cause 'proper herding' into tech stocks, fund manager says Bloomberg Is the Great Bull Market in Bonds Over? - Bloomberg Video

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