Spending on residential buildings fared better than overall construction spending in February. The U.S. Census Bureau said on Monday that expenditures for all construction was at a seasonally adjusted annual rate of $1.19 trillion during the month, an 0.8 percent increase from the January estimate of 1.18 trillion (revised from 1.0 trillion). February spending was at a rate 3.0 percent higher than the $1.16 trillion rate in February 2016. On a non-adjusted basis, total spending during the month was $81.78 billion. Over the first two months of 2017 total expenditures totaled $163.2 billion, 3.0 percent year-over-year growth. Analysts polled by Econoday were looking for expenditures to rise by1.0 percent from January although the estimates covered a wide range, from a 0.7 percent decline to a

April 3, 2017 Download our Mobile App: Download our Mobile App: Housing News Residential Construction Spending Up 6.4 Percent Annually Spending on residential buildings fared better than overall construction spending in February. The U.S. Census Bureau said on Monday that expenditures for all construction was at a seasonally adjusted annual rate of $1.19 trillion during the month, a... (read more) Housing News Prepays Nosedive but Cash-Out Refi's Near 50% Share The conditional prepayment rate (CPR), the annualized percentage of total mortgage principal that borrowers prepay on a pool of loans in a given time period, dove steeply in the early part of this year. Black Knight Financial Services reports that th... (read more) Rob Chrisman Attorneys Weigh in on MSAs, Builder Incentives, The CFPB, and RESPA Welcome to Q2! I am attending the NYMBA conference for a few days, but 1,300 miles south, in Florida (aka "God's waiting room"), folks are talking "real estate boom." Tampa now takes the title of the nation's healthiest housing market, at least accor... (read more) MBS Commentary MBS Live Week Ahead: Bonds Approach Inflection Point Amid Data and Fed Minutes Remember March 15th's Fed Announcement?  That was the one where the entire free world was utterly and completely convinced that the Fed would hike several weeks in advance of the announcement itself.  The entire world was right, of course... (read more) Mortgage Rate Watch Mortgage Rates End Week Little-Changed Mortgage rate were unchanged to slightly lower today. Once again, the actual change you see will depend heavily on the lender in question. Most are fairly close to yesterday's latest levels but a few are noticeably better or worse. In general, those ... (read more) MBS Commentary MBS Live Recap: Bonds Almost Perfectly Unchanged in Q1 Month/Quarter-end bond buying was nowhere to be seen until today.  It can provide a mild but determined positive trend in bond markets that transcends economic data.  Case in point, Core PCE was +1.8 vs a +1.7 forecast today and bonds bega... (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 99.90 +0.05 Price / Yield Change MBS UMBS 5.5 99.90 +0.05 UMBS 6.0 101.60 +0.04 GNMA 5.5 100.05 +0.08 GNMA 6.0 101.46 +0.05 Pricing as of: 7/3 1:54AM EST 10 Year US Treasury 4.2661 -0.0137 Price / Yield Change US Treasury 2 YR Treasury 3.770 -0.018 5 YR Treasury 3.851 -0.016 7 YR Treasury 4.039 -0.017 10 YR Treasury 4.265 -0.015 30 YR Treasury 4.790 -0.018 Pricing as of: 7/3 1:54AM EST Latest Video Millennials tap into home equity Symbiotic relationship between 10-Year yields and equities: Pro Fed's balance sheet plan Around the Web Reuters Government orders Wells Fargo to reinstate whistleblower NAR - Realtor.com Why Lower House Prices Lead to Higher Student Loan Default Rates Market Watch U.S. households will soon have as much debt as they had in 2008 Market Watch Lost in the balance sheet debate " the Fed may pause once run-off begins CNBC Student loan debt may mean fewer homeowners, less consumer spending, Fed's Dudley says CNBC Homeowners are pulling cash out again; this time it's the millennials Gallup US Consumers' Spending Flat in March, at $100 Bloomberg ECB Rate Increase Debate Silenced as Officials Push Back Reuters U.S. construction spending rises to near 11-year high CNBC ISM manufacturing index hits 57.2 in March vs estimate of 57 CNBC The Fed's obsession with 2% inflation belongs in 'the halls of academia,' Peter Boockvar warns CNBC 40,000 homes without power as storm sweeps Southeast Bloomberg Bond Traders Are No Fools, Dismissing Bluster of Four Rate Hikes

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