Once again, the pace of both residential construction permits and housing starts reversed direction, repeating, in March, the up and down pattern that has persisted for months. The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced significant and opposing changes in the two measures and delivered surprises to housing analysts. This time it was housing permits that posted gains. They were issued in March at a seasonally adjusted annual rate that was 3.6 percent higher than the previous month, at 1,260,000 units. This was 17.0 percent above the annual rate of 1,077,000 units, a year earlier. The February estimate was revised up from 1,213,000 units to 1,216,000. The March permit number was at the top of the range of estimates provided by Econoday, 1,230

April 18, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Apr 18, 2017 Mortgage Rates Fairly Steady Near 2017 Lows Mon, Apr 17, 2017 3:47PM For the third day in a row, mortgage rates set new 2017 lows this morning. But as bond markets weakened into the afternoon, several lenders recalled rate sheets for "negative reprices." This brought the afternoon's rate sheet offerings back in line with those seen on Thursday afternoon. Although that's slightly worse than this morning, rates are still effectively at 2017 lows. The average lender continues to quote 4.0% on top tier conventional 30yr fixed scenarios. Any changes from Thursday would be seen in the form of slightly higher upfront costs. Many borrowers will see no difference. While... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.28 +0.16   97.47 101.61 UMBS 30YR 6.0 102.54 +0.05   99.66 102.54 10 YR Treasury 4.039 -0.047   3.621 4.780 MBS Live Day Ahead: Bonds Not Interested in Data Tue, Apr 18, 2017 9:25AM While there is more economic data on the calendar today, bond markets continue to look elsewhere for inspiration.  Geopolitical risks, fiscal policy, Fed policy, currency fluctuations ongoing downtrend in stocks...  all these things have be... (read more) MBS Live Recap: Bonds Start Strong But Fade Thanks to Stocks/Dollar Mon, Apr 17, 2017 4:57PM Today was destined to be a lower-volume session simply because it's the Monday after Good Friday.  That means many US market participants are still out of the office and the entirety of European markets is closed for Easter (observed as a Monday holiday in the EU).   Low volume doesn't guarantee volatility, but it facilitates it.  Think ... (read more) MBS Price Change UMBS 5.0 99.78 +0.31 UMBS 5.5 101.28 +0.16 UMBS 6.0 102.54 +0.05 GNMA 5.0 100.07 +0.24 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.18 +0.05 Pricing as of: 9/8 6:21PM EST US Treasury Yield Change 2 YR Treasury 3.487 -0.030 5 YR Treasury 3.562 -0.027 7 YR Treasury 3.768 -0.032 10 YR Treasury 4.039 -0.047 30 YR Treasury 4.690 -0.079 Pricing as of: 9/8 6:21PM EST Other News Construction Data, While Ragged, Still Trends Higher Tue, Apr 18, 2017 10:14AM Once again, the pace of both residential construction permits and housing starts reversed direction, repeating, in March, the up and down pattern that has persisted for months. The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced significant and opposing changes in the two measures and delivered surprises to housing an... (read more) CFPB Invites Comments on HMDA Rule Clarifications Mon, Apr 17, 2017 3:42PM The Consumer Financial Protection Bureau (CFPB) has inviting comment periods on changes to its Home Mortgage Disclosure Act (HMDA) reporting rule. CFPB Director Richard Cordray said the proposed changes are designed to facilitate compliance with its 2015 updates to the rules by clarifying the information financial institutions are required to collect and rep... (read more) HMDA, Sales, Digital Training; CFPB News; New Products Tue, Apr 18, 2017 9:36AM There are plenty of companies out there, banks and non-banks, trying to raise money. Since lots of folks like lists, let’s start Tuesday with the top 10 things that investors don't want to hear during your sales pitch. My cat Myrtle has been strangely silent about her thoughts on if Director Cordray will leave voluntarily, to run for governor of Ohio, ... 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