No one asks for their employment verification or computes their debt-to-income ratio. Yet, when it comes to buying, selling, or renovating a home the family fur baby apparently plays an important role in the process. The National Association of Realtors® (NAR) has just released results of its annual survey on remodeling , titling it Animal House: Remodeling Impact Report . The survey found that 81 percent of respondents reported that animal-related considerations play a role in their decisions about the next living situation. "In 2016, 61 percent of U.S. households either have a pet or plan to get one in the future, so it is important to understand the unique needs and wants of animal owners when it comes to homeownership " said NAR President William E. Brown. "Realtors understand that

February 14, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.02%   6.11% 7.26% 15 Yr. Fixed 5.72% +0.02%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Feb 14, 2017 Losing Streak Continues for Mortgage Rates Tue, Feb 14, 2017 4:34PM Mortgage rates moved higher for the 4th straight day today, following Fed Chair Janet Yellen's congressional testimony. It wasn't that Yellen's speech or Q&A contained any major surprises. Rather, bond markets (which dictate rates) were simply looking for some indication of "sooner vs later" with respect to the Fed's next rate hike. Her comments were generally more in line with "sooner." Bond markets responded by quickly trading rates to higher levels, resulting in multiple "negative reprices" for mortgage lenders this morning. Bonds calmed down in the afternoon, and ended up clawing back ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.02 0.00 15 Yr. Fixed 5.72% +0.02 0.00 30 Yr. FHA 6.00% +0.03 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% +0.02 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 9/12 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.13 +0.02   97.47 101.61 UMBS 30YR 6.0 102.40 0.00   99.66 102.50 10 YR Treasury 4.066 +0.040   3.621 4.780 MBS Live Day Ahead: Yellen in Position to Break Post-Election Bond Market Pattern Tue, Feb 14, 2017 8:29AM A series of "higher lows" and "lower highs" is the defining characteristic of a consolidation pattern .  The following chart highlights the current consolidation with the white lines.  (Note: some of the candlesticks are outside the lines ... (read more) MBS Price Change UMBS 5.0 99.63 +0.06 UMBS 5.5 101.13 +0.02 UMBS 6.0 102.40 0.00 GNMA 5.0 100.00 -0.08 GNMA 5.5 101.13 -0.08 GNMA 6.0 102.01 -0.04 Pricing as of: 9/13 3:07AM EST US Treasury Yield Change 2 YR Treasury 3.553 +0.009 5 YR Treasury 3.630 +0.027 7 YR Treasury 3.816 +0.038 10 YR Treasury 4.066 +0.040 30 YR Treasury 4.681 +0.023 Pricing as of: 9/13 3:07AM EST Other News Realtors Say It's a Dog's World Tue, Feb 14, 2017 2:42PM No one asks for their employment verification or computes their debt-to-income ratio. Yet, when it comes to buying, selling, or renovating a home the family fur baby apparently plays an important role in the process. The National Association of Realtors® (NAR) has just released results of its annual survey on remodeling , titling it Animal House: Remodel... (read more) Housing Distress Measures Continue Double Digit Declines Tue, Feb 14, 2017 2:55PM Both the size of the foreclosure inventory and the number of foreclosures completed declined by large percentages from December 2015 to December 2016. CoreLogic, in its monthly National Foreclosure Report, puts the number of completed foreclosures nationwide at 21,000 in December, a 40 percent decline from the 36,000 homes that were foreclosed a year earlier... (read more) January Numbers Bode Well for 2017 New Home Sales Tue, Feb 14, 2017 2:39PM Mortgage applications for new home purchases surged in January according to data from the Mortgage Bankers Association's (MBA's) Builder Application Survey (BAS). The survey of mortgage subsidiaries of home builders is used by MBA to project new home sales for the month. January applications were up 22 percent compared to December, MBA said, and were 9.2 per... (read more) New Products and Correspondent Investor; Can Conventional Lenders do Reverse Mortgages Correctly? Tue, Feb 14, 2017 8:47AM What did one boat say to the other? “Are you up for a little row-mance?” Oh boy. Don’t forget the chocolates for your sweetie. If the love thing doesn’t pan out, you can eat them yourself. What does the Census Bureau say about Valentine’s Day? $16 billion is the estimated value of chocolate and confectionary product shipments fo... (read more) Latest Video Three takeaways from Yellen's testimony Yellen: Goal is to shrink our balance sheet Yellen: Long term housing reform an important issue Around the Web freddiemac.mwnewsroom.com Freddie Mac Prices Second STACR Deal of 2017 Market Watch Yellen signals reduction of Fed balance sheet is still far off Reuters Exclusive: Yellen brushes off warning, says Fed has authority on global talks SEC Purported Real Estate Investment Manager Settles Fraud Charges Market Watch Mortgage lending is so tight, more people aren't even bothering to apply CNBC Bonds are getting bashed by a hawkish Janet Yellen CNBC Yellen: 'Unwise' to wait too long to hike interest rates CNBC US stocks open lower as Wall Street awaits Janet Yellen's testimony blog.stewart.com Hottest Spring 2017 Suburb Housing Markets Reuters Markets underestimating pace of Fed rate hikes: Lacker CNBC US producer prices jump on higher energy costs Gallup US Economic Confidence Down, but Still Positive CoreLogic CoreLogic Reports 21,000 Completed Foreclosures in December 2016

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