Lenders appear to be easing the way for lending in areas crucial to the home construction industry. The National Association of Homebuilders said its fourth quarter 2017 survey of builders and developers showed a net easing in conditions for funding acquisition and development of construction sites and for construction of single family homes. The measure of overall AD&C funding on NAHB's tightening index was -15.7, compared to -7.3 in the fourth quarter of 2016 and -7.6 in the third quarter of 2017, indicating that the easing was accelerating rapidly . Individual readings also indicated that an acceleration of easing for both development and construction funding, there was a quarter-over-quarter change of 11 points toward the favorable in development conditions, while conditions for land

March 6, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.02%   6.11% 7.26% 15 Yr. Fixed 5.72% +0.02%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 6, 2018 Mortgage Rates Start Strong, But End The Day Higher Mon, Mar 5, 2018 4:26PM Mortgage rates ended higher today, after financial markets reacted to developments in last week's tariff-related news. Last Thursday, stock prices and interest rates fell in response to the tariff announcement because investors figured it ran the risk of doing more economic harm than good. In general, economic weakness/risks/fear tends to push rates lower. Today, congressional leaders made statements that effectively opposed the tariffs as written. In fact, one Republican source said not to rule out "potential action" in the near future if Trump continues with the Tariff plan. Much like the in... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.02 0.00 15 Yr. Fixed 5.72% +0.02 0.00 30 Yr. FHA 6.00% +0.03 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% +0.02 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 9/12 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.13 +0.02   97.47 101.61 UMBS 30YR 6.0 102.40 0.00   99.66 102.50 10 YR Treasury 4.066 +0.040   3.621 4.780 MBS Live Day Ahead: What's a High Enough Rate to Attract Your Money? Tue, Mar 6, 2018 9:19AM If you've ever invested or even thought about investing, you likely have a magic number when it comes to the rate of return that would motivate you to pursue an investment.  What if I could guarantee you a 5% fixed rate of return for 20 years?... (read more) MBS Live Recap: Bonds Fade With Tariff Talk and Supply Fears Mon, Mar 5, 2018 5:48PM Bonds were moderately stronger in the overnight session thanks to European political uncertainty, among other things.  One of those "other things" could simply be the fact that Friday afternoon's weakness was a bit overdone simply because it occurred on a Friday afternoon (traders not wanting to be over-exposed heading into a weekend with or without E... (read more) MBS Price Change UMBS 5.0 99.63 +0.06 UMBS 5.5 101.13 +0.02 UMBS 6.0 102.40 0.00 GNMA 5.0 100.00 -0.08 GNMA 5.5 101.13 -0.08 GNMA 6.0 102.01 -0.04 Pricing as of: 9/13 3:10AM EST US Treasury Yield Change 2 YR Treasury 3.553 +0.009 5 YR Treasury 3.630 +0.027 7 YR Treasury 3.816 +0.038 10 YR Treasury 4.066 +0.040 30 YR Treasury 4.681 +0.023 Pricing as of: 9/13 3:10AM EST Other News Builders Find Loan Standards Easing Tue, Mar 6, 2018 9:25AM Lenders appear to be easing the way for lending in areas crucial to the home construction industry. The National Association of Homebuilders said its fourth quarter 2017 survey of builders and developers showed a net easing in conditions for funding acquisition and development of construction sites and for construction of single family homes. The measure of ... (read more) Black Knight Sees Future Holding Fewer Refinances, More ARMs Mon, Mar 5, 2018 11:16AM The refinance pool, homeowners who could benefit from exchanging their old first mortgage lien for a new one, is shrinking fast . Black Knight says, in its March Mortgage Monitor , that the pool declined by 40 percent from the beginning of the year through February 15. This happened as the average rate for a 30-year fixed-rate mortgage (FRM), per Freddie Mac... (read more) Down Payment and Recruiting Programs; Conforming Changes Tue, Mar 6, 2018 9:10AM “Rob, in past decades, near the end of every credit cycle, lenders seem to head back down the credit score scale and seem to be more aggressive with underwriting guidelines. Are you seeing that out there?” Yup – same story, different year. There are investors out there hungry for more yield, so are willing to buy that product – which ... (read more) Latest Video U.S. aluminum industry pens letter to president against tariffs Internal White House battle over tariffs Mnuchin: Tariffs won't apply to Mexico and Canada if NAFTA renegotiations s... 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