Applications for mortgages to purchase newly constructed homes posted what was termed a seasonal decline in June. The Mortgage Bankers Association said its Builder Application Survey (BAS), which is conducted among mortgage subsidiaries of home building companies, decreased in June, but remains 10 percent higher than a year earlier. MBA uses application and market coverage data to project sales of newly constructed homes. It estimates that, on a non-adjusted basis, there were 55,000 new home sales in June 2017, a decrease of 3.5 percent from 57,000 new home sales in May. Their seasonally adjusted annual estimate of 628,000 units for June is an increase of 3.8 percent from the May pace of 605,000 units and is up 18 percent year-over-year. "We are at the part of the season where housing market

July 17, 2017 Download our Mobile App: Download our Mobile App: Housing News June Pull-back of New Home Mortgages Apps Called Seasonal Applications for mortgages to purchase newly constructed homes posted what was termed a seasonal decline in June. The Mortgage Bankers Association said its Builder Application Survey (BAS), which is conducted among mortgage subsidiaries of home build... (read more) Housing News Fannie Mae Sees Growth Slowing, Housing Restrained by Inventories Fannie Mae said it is sticking with its forecast for 2.0 percent economic growth in 2017, a projection it first made in February. The estimate of 2.1 percent growth in the first half of the year is expected by the company's economists to slow to 1.9 ... (read more) Rob Chrisman Investor Updates/News; OCC's Risk List; Training and Events There’s plenty of talk about real estate agents, appraisers, and loan officers being replaced by artificial intelligence or robots. In legal news, JPMorgan unleashed artificial intelligence to automate its legal work and save over 360,000 hours... (read more) MBS Commentary MBS Live Day Ahead: Slow Week Leaves Focus on Central Banks It's the middle of summertime, the middle of a month, and there's a light economic and event calendar in the US.  These are prime conditions for traders to tune out and for markets to engage cruise control until there are more compelling reaso... (read more) MBS Commentary MBS Live Recap: Post-Rally Correction Rains on Bond Market Parade Today was bittersweet for bond markets, with strong gains in the morning, and an almost complete reversal by the end of the day.  As expected, the early focus was on the CPI/Retail sales data duo at 8:30am.  Both were bond-friendly, and a... (read more) MBS Commentary MBS Live Recap: Super Calm Summertime Monday Today was an exceptionally light day in terms of news, volume, participation, and everything else we normally care about when it comes to market movement.  For all intents and purposes, it was another "unofficial 3rd day of the weekend."  ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.41 -0.10 Price / Yield Change MBS UMBS 5.5 99.37 -0.13 UMBS 6.0 101.29 -0.10 GNMA 5.5 99.62 -0.16 GNMA 6.0 101.26 -0.06 Pricing as of: 7/23 12:47PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.865 +0.036 5 YR Treasury 3.920 +0.035 7 YR Treasury 4.135 +0.037 10 YR Treasury 4.381 +0.035 30 YR Treasury 4.951 +0.034 Pricing as of: 7/23 12:47PM EST Latest Video New rental index assesses risk down to neighborhood Yellen will raise as much as she can without affecting economy: WFC's Manle... Monday's trading action in a word? 'Dull': UBS' Art Cashin Around the Web consumerfinancemonitor.com House Appropriations Committee approves bill making CFPB reforms NAHB Eye on Housing Residential Construction Loan Growth at Smaller Banks Has Slowed CNBC Former Fed President Fisher notes that the Fed expects a fall in equity prices Calculated Risk Blog U.S. Heavy Truck Sales increased following Oil Price Related Slump Fannie Mae Expansion Expected to Decelerate in Second Half | Fannie ... CNBC New York manufacturing activity slows sharply in July CNBC Here's how much you need to make to afford rent in 11 of the largest U.S. cities CNBC US Treasurys eke out gains as bond investors look to data, auctions Bloomberg Unchanged CPI Slows Pace to Fed's Inflation Goal - Bloomberg Market Watch Mark Hulbert: What the flattening yield curve is trying to tell us Calculated Risk Blog First Look at 2018 Cost-Of-Living Adjustments and Maximum Contribution Base CNBC After lofty views, economists see second quarter growth bumping along at same slow trend Calculated Risk Blog Q2 GDP Forecasts: Moving on Down

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