It remains to be seen if it passes into law, or how it will hold up during the process, but housing industry groups say an agreement has been hammered out for renewing the federal flood insurance program . Both the National Association of Home Builders (NAHB) and the National Association of Realtors® (NAR) say they have been working with the House Financial Services Committee on parameters, for, in the words of NAHB, "A viable, long-term flood insurance reauthorization bill that will keep the National Flood Insurance Program (NFIP) fiscally sound and enable home builders to provide safe and affordable housing to consumers." A flood insurance policy is required of homeowners who live in certain Federal Emergency Management Agency (FEMA) designated flood plains and have a mortgage issued

July 21, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.20% -0.02%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Jul 21, 2017 Mortgage Rates Hold 3-Week Lows After Central Bank Announcements Thu, Jul 20, 2017 5:59PM Mortgage rates held relatively steady today, keeping them in line with the lowest levels in more than 3 weeks. There was relatively little market movement in response to the policy announcement from the European Central Bank (ECB). That's a good thing considering much of the recent gains in rates can be attributed to traders growing more optimistic about the ECB's stance. To put all this in plain English , the ECB buys bonds. This puts downward pressure on rates around the world (more so in Europe than in the US, but we still get some indirect benefit). There was some concern at the end of Jun... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.20% -0.02 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.74 +0.01   95.05 99.96 UMBS 30YR 5.5 101.11 +0.02   97.47 101.28 10 YR Treasury 4.024 -0.005   3.932 4.780 MBS Live Day Ahead: Low Volume and Light Liquidity Expected. Here's What That Means Fri, Jul 21, 2017 9:29AM One of the hallmarks of classic (read: old school) technical analysis is the role of volume in confirming market movements.  For instance, if 10yr yields break through a key technical level, the next question many traders will ask is whether or not it happened with strong volume.   While this sounds pretty smart in principle, it's trickier to a... (read more) MBS Live Recap: Markets Had ECB Almost Perfectly Pegged Thu, Jul 20, 2017 7:06PM Talk about your anticlimactic conclusions!  It's not that the European Central Bank (ECB) was likely to make any meaningful changes in its policy stance today, but it nonetheless served as an important opportunity to confirm or deny the notion that Draghi's late June comments were a step in the direction of a tapering announcement--perhaps later this ... (read more) MBS Price Change UMBS 4.5 97.74 -0.02 UMBS 5.0 99.73 +0.00 UMBS 5.5 101.10 +0.01 GNMA 4.5 97.76 +0.01 GNMA 5.0 99.97 +0.03 GNMA 5.5 101.01 +0.08 Pricing as of: 10/16 2:21AM EST US Treasury Yield Change 2 YR Treasury 3.493 -0.007 5 YR Treasury 3.612 -0.008 7 YR Treasury 3.797 -0.007 10 YR Treasury 4.024 -0.005 30 YR Treasury 4.618 -0.008 Pricing as of: 10/16 2:21AM EST Other News With Expiration Looming, NAR, NAHB Applaud Flood Insurance Renewal Progress Fri, Jul 21, 2017 11:29AM It remains to be seen if it passes into law, or how it will hold up during the process, but housing industry groups say an agreement has been hammered out for renewing the federal flood insurance program . Both the National Association of Home Builders (NAHB) and the National Association of Realtors® (NAR) say they have been working with the House Financ... (read more) Single Security Praised by Urban Institute Thu, Jul 20, 2017 3:39PM The single agency security toward which the GSEs, Fannie Mae and Freddie Mac and their regulator, the Federal Housing Finance Agency (FHFA), have been working for several years, is not yet operative, but it just got a round of applause. Linda Goodman, Codirector of the Urban Institute's (UI's) Housing Finance Policy Center, and associates Bing Bai and Jim Pa... (read more) State-Level Changes Across the Board; Housing and Rates Fri, Jul 21, 2017 9:34AM Under the heading, “What’ll they think of next?”, especially for aging Boomers, comes stairs that store energy and help the next person walk up them! State-Level Changes When lenders complain about federal regulation and oversight, at least, in theory, it originally came from one source and is uniform across the 50 states. But when a multi-... (read more) Latest Video Can the economy get to 3% GDP? Barney Frank: There will be changes to Dodd-Frank but no sustained assault Need to increase population and productivity to get to 3% growth: Austan Go... Around the Web NAR - Realtor.com Meet Your New Landlord: Wall Street CNBC Weak mortgage income hurts US regional lenders consumerfinancemonitor.com CFPB Loses Another RESPA Case Bloomberg We'll Get Different Fed During Next Seven Years, El-Erian Says - Bloomberg Calculated Risk Blog Goldman: FOMC Preview consumerfinancemonitor.com CFPB issues Spring 2017 rulemaking agenda Calculated Risk Blog BLS: Unemployment Rates Lower in 10 states in June, Two States at New Series Lows Market Watch Seven years after Dodd-Frank passage, there still aren't proposals for a fifth of rules Freddie Mac Freddie Mac Announces Pricing of $285 Million Multifamily Small Balance Loan Securitization CNBC These are the top ZIP codes for rental returns NAHB Eye on Housing Builders Concerns of Lot Availability Unchanged from 2016 Bloomberg Investors Underestimate Fed Unwind Risk, UBP's Villamin Says CNBC US Treasurys higher as bond investors digest ECB comments

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