After a couple of high flying months and after setting several survey records in February, Fannie Mae's Home Purchase Sentiment Index (HPSI) ran out of steam in March. The index decreased 3.8 percentage points to 84.5, and five of the six components that comprise it also fell, some rather dramatically. The net share of respondents to the National Housing Survey from which the HPSI is derived who said it was a good time to buy a house fell 10 percentage points while the net of those saying it was a good time to sell rose 9 points. The latter was the sole advance for the month and set its second new survey high in as many months. High home prices were cited as the most important reason for both the bad time to buy sentiments, mentioned by 39 percent of those respondents, and by 24 percent of

April 7, 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 7, 2017 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: NFP or Syria. Or Neither Fri, Apr 7, 2017 8:22AM Cue the "all eyes" headlines that seem to pop up on NFP day, a la "All Eyes on NFP."  Well, this certainly used to be true.  It will probably be true again in the future, at a times when there's more uncertainty about shifts in the labor market outlook.  Right now, however, we're well aware that the labor market has been chugging along at a ... (read more) MBS Live Recap: More Intraday Volatility; More Big-Picture Immobility Thu, Apr 6, 2017 5:16PM Bonds continue grinding it out in an exceptionally horizontal sort of direction!  If you saw the best and the worst of trading levels on Monday, you've more than covered the entire range of bond market movement this week.  To wit: ... (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 Housing Sentiment Falls From Record Highs Fri, Apr 7, 2017 2:42PM After a couple of high flying months and after setting several survey records in February, Fannie Mae's Home Purchase Sentiment Index (HPSI) ran out of steam in March. The index decreased 3.8 percentage points to 84.5, and five of the six components that comprise it also fell, some rather dramatically. The net share of respondents to the National Housing Sur... (read more) Mortgage Servicers May Have a Problem Fri, Apr 7, 2017 12:24PM Servicers might have a loyalty problem. Or, more likely, a marketing one. In its April Mortgage Monitor , much of which we covered earlier this week, Black Knight Financial Services took an in-depth look at servicer retention . This is the rate at which a borrower would remain with the same servicer after refinancing. The company found that servicers are mor... (read more) Multi-Family Lending Led 2016 Commercial Market Fri, Apr 7, 2017 10:04AM Fannie Mae and Freddie Mac were big players in the multi-family sector of the commercial real estate market last year. According to the Mortgage Bankers Association (MBA), the year just ended was the third highest on record f or commercial real estate originations, and the largest share of those originations were for multifamily properties. Jamie Woodwell, M... (read more) FHA, VA, Ginnie, USDA Changes; CFPB's Tongue-Lashing From Hensarling Fri, Apr 7, 2017 9:55AM If you think mortgage regulations are running amok, as part of the Affordable Care Act, restaurants with 20 or more locations will soon have to post signs indicating calorie counts for every item and every variation of an item on the menu. If you are Domino’s Pizza, or CPK, or any chain, how do you comply with this? And really, will anyone read it? If ... 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