While home prices continue to rise and homeowner equity to increase, CoreLogic reports that there are still 2.5 million mortgages in negative equity . The company's fourth quarter 2017 equity report states that homeowners increased their house-related wealth by an average of $15,000 from Q4 2016 through the end of 2017. The aggregate of these gains nationally was $908 billion, a year-over-year growth of 12.2 percent. Frank Martell, CoreLogic president and CEO said, "There are wide disparities in home-equity gains by geographic areas, with higher-priced, capacity constrained markets along the East and West Coasts registering the largest increases. The average homeowner in California and Washington had a wealth gain of about $40,000, reflecting the high price of homes in California and the rapid

March 16, 2018 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 Mar 16, 2018 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: So Much For Yesterday's Pleasant Surprises Fri, Mar 16, 2018 9:45AM I was pretty happy to have made it through yesterday without seeing or writing any "Ides of March" headlines.  I can't ever quite remember what the word "banal" means, but I'm pretty sure that it covers "Ides of March" headlines as well as ... (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 Both Coasts Lead in Household Wealth Gains Fri, Mar 16, 2018 1:07PM While home prices continue to rise and homeowner equity to increase, CoreLogic reports that there are still 2.5 million mortgages in negative equity . The company's fourth quarter 2017 equity report states that homeowners increased their house-related wealth by an average of $15,000 from Q4 2016 through the end of 2017. The aggregate of these gains nationall... (read more) Lender Sentiment Points to Declining Demand, Lower Profits Fri, Mar 16, 2018 11:53AM Mortgage lenders continue to expect disappointing profit margins . For the sixth consecutive quarter the net responses to a question about those margins in Fannie Mae's Mortgage Lender Sentiment Survey were in the negative. In the first quarter survey for 2018, the question about profits increasing resulted in net positive responses of -31%. Of the 52 percen... (read more) Democrats Pitch in to Roll Back Dodd-Frank Fri, Mar 16, 2018 9:17AM The Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) passed the Senate Wednesday on a bipartisan basis. Sixteen 16 Democrats and one independent joined 50 Republicans in voting "yes." The bill rolls back some of the provisions of the 2009 Dodd-Frank Wall Street Reform and Consumer Protection Act , especially some of the regulations ai... (read more) Housing Starts and Permits Roll Back January Gains Fri, Mar 16, 2018 9:56AM The two principal measures of residential construction activity had been expected to decline a bit in February after a strong performance to kick off the new year. Instead, the figures reported by the U.S. Census Bureau and the Department of Housing and Urban Development for both construction permits and housing starts were well below even the most pessimist... (read more) Management Changes; New Securitization; The Economics Moving Bond Markets Fri, Mar 16, 2018 9:13AM Lenders charge an interest rate commensurate with the risk, and potential for not being paid back. But disasters and taxes can complicate things. Mortgage News Daily points out that, “In 2007…Congress put a temporary policy in place to exclude forgiven home mortgage debt from any tax obligation. That exclusion has been extended several times&hel... (read more) Latest Video Consumer sentiment index at 102.0 Housing stocks under pressure February housing starts disappoint, down 7.0% vs. 5.7% est. Around the Web Freddie Mac Freddie Mac March 2018 Insight Calculated Risk Blog Comments on February Housing Starts consumerfinancemonitor.com S.2155 Does Not Facilitate Discriminatory Lending NAHB Eye on Housing Multifamily Decline In February Reuters Under scrutiny, New York Fed sets short list for Dudley successor Calculated Risk Blog "CBO's Projection of Labor Force Participation Rates" Freddie Mac Freddie Mac Announces Pricing of $497 Million Multifamily Small Balance Loan Securitization CNBC Consumer sentiment pops in March to highest level since 2004 Calculated Risk Blog BLS: Job Openings Increased in January Calculated Risk Blog Industrial Production Increased 1.1% in February Reuters U.S. housing starts fall on weak multi-family segment CNBC Cohan: Why Bear Stearns could absolutely happen again on Wall Street CNBC Fragmented banking standards could be the seeds' of the next financial crisis, expert warns

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.