Applications for new home purchase mortgages slowed significantly in April when compared to March the Mortgage Bankers Association (MBA) said on Thursday. Its Builder Applications Survey (BAS) data shows the volume of applications declined 5 percent month-over-month, but remained 7.5 percent higher than during the previous April. The reported changes do not include any adjustments for typical seasonal patterns. Based on the BAS report of applications, assumptions regarding market coverage, and other factors, the MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 656,000 units in April. This estimate represents a decrease of 3.8 percent from the March pace of 682,000 units. On an unadjusted basis, the MBA estimates that there were 63,000 new home

May 10, 2018 Download our Mobile App: Download our Mobile App: Housing News New Home Sales Fall Victim to Rates, Construction Woes Applications for new home purchase mortgages slowed significantly in April when compared to March the Mortgage Bankers Association (MBA) said on Thursday. Its Builder Applications Survey (BAS) data shows the volume of applications declined 5 percent ... (read more) Mortgage Rate Watch Mortgage Rates Recover Today; Still Higher This Week Mortgage rates bounced back today, following a weaker-than-expected report on inflation and a relatively strong 30yr bond auction. Rising inflation means that bond investors will receive future payments that won't buy as much as those same dollars wo... (read more) Rob Chrisman Senior Sales Jobs, Construction-to-Perm Product; Mergers and Capital Markets Amazon, Google , Apple, Uber (largest food delivery system in the world) taking over the world? Perhaps, especially if we’re willing to give it to them. I mention this because Amazon just inked a partnership deal with Lennar Homes to put its Al... (read more) MBS Commentary MBS Live Day Ahead: CPI Comes Out Swinging; Auction Cycle Conclusion Up Next Today begins with a modestly weaker CPI (consumer price index) report generating an impressive surge in volume.  In fact, the volume in the minute following the CPI release was roughly double that seen in the minute following the last NFP report... (read more) MBS Commentary MBS Live Recap: 10yr Auction Confirms Rates Needed to Rise Today's key event for bonds was the 10yr Treasury auction because it served as an acid test for investor demand amid relatively uncertain times.  Unfortunately, the auction was solid, but not so solid as to suggest bond traders had miscalculat... (read more) MBS Commentary MBS Live Recap: Bonds Improve, But Is It Enough? With two big-ticket events on tap for bond markets today, there was always a chance that they'd go our way and that we'd see some decent gains as a result.  Thankfully, that happened. In fact, bonds were already moderately stronger before th... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% -0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% -0.05 0.00 15 Yr. Fixed 5.91% -0.05 0.00 30 Yr. FHA 6.20% -0.02 0.00 30 Yr. Jumbo 6.80% -0.04 0.00 7/6 SOFR ARM 6.33% 0.00 0.00 30 Yr. VA 6.22% -0.01 0.00 Updates Daily - Last Update: 6/30 15 Yr. Fixed Rate 5.91% -0.05% 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 5.5 100.07 +0.26 Price / Yield Change MBS UMBS 5.5 100.07 +0.26 UMBS 6.0 101.68 +0.17 GNMA 5.5 100.19 +0.19 GNMA 6.0 101.50 +0.14 Pricing as of: 6/30 6:46PM EST 10 Year US Treasury 4.2246 -0.0567 Price / Yield Change US Treasury 2 YR Treasury 3.715 -0.035 5 YR Treasury 3.804 -0.031 7 YR Treasury 3.990 -0.045 10 YR Treasury 4.225 -0.057 30 YR Treasury 4.776 -0.055 Pricing as of: 6/30 6:46PM EST Latest Video Tax reform effects beginning to positively affect real estate investors, sa... Thursday is the best day to sell a home, find out what time Q2 2018 GDP tracking 3.7% Around the Web Bloomberg California Becomes First State to Mandate Solar on New Homes Calculated Risk Blog Hotels: Occupancy Rate increases Year-over-Year, On Pace for Record Year CNBC Burned-out house in Silicon Valley sells for a whopping $938,000 Brookings Institution Hutchins Roundup: Government programs reduce poverty, inflation and an aging population, and more Freddie Mac Mortgage Rates Level Out Brookings Institution Do our infrastructure systems put people at risk? Reuters U.S. weekly jobless claims hover near 48-year low CNBC US consumer prices rebound modestly in April CNBC This is the best day and time to list your home for sale Reuters RBS reaches $4.9 billion deal to settle U.S. mortgage bond investigation Bloomberg Corporate America Is Staring Down a $4 Trillion Wall of Refinancing CNBC The 10 best states for turning a profit on flipping a house CNBC Trump's Iran nuclear deal exit may spark a sanctions battle with Europe that the US already lost once

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