There has been a lot of hand-wringing for going on two years or so about the incredible shrinking inventory of homes for sale . This week CoreLogic analyst Molly Boesel joins the chorus with another analysis of the problem. Boesel says the inventory of existing homes is at its lowest level in more than 18 years and continues to decrease (although the National Association of Realtors now reports two consecutive months of increasing listings,) and new home construction isn't helping. This has resulted in an inventory shortage "at a time when demographic and economic indicators are moving upward for the housing market." A "month's supply" measure is used in most inventory reports. This indicates how many months it would take to sell the available inventory at the current sales pace and if no other

June 21, 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 Jun 21, 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 5.5 101.26 -0.02   97.47 101.61 UMBS 30YR 6.0 102.50 -0.04   99.66 102.50 10 YR Treasury 4.046 +0.007   3.621 4.780 MBS Live Day Ahead: Is Today's Data One of The Early Clues We're Looking For? Thu, Jun 21, 2018 9:50AM By now, it's no great secret that pundits, analysts, and financial firm principals are pontificating on the next economic downturn.   Guesses vary, but 95% of them are within the next 2 years.  Perhaps as many as half of them are targeting... (read more) MBS Live Recap: Bonds Pulled Back Toward Top of Fence Wed, Jun 20, 2018 7:04PM Before the Italy drama picked up at the end of May, bonds were very much on the bad side of the fence.  Italy quickly punted rates to the other side of the proverbial fence , but the good times didn't last long.  As we moved toward last we... (read more) MBS Price Change UMBS 5.0 99.75 -0.03 UMBS 5.5 101.26 -0.02 UMBS 6.0 102.51 -0.03 GNMA 5.0 100.06 -0.02 GNMA 5.5 101.21 +0.02 GNMA 6.0 102.15 -0.03 Pricing as of: 9/9 12:39AM EST US Treasury Yield Change 2 YR Treasury 3.494 +0.007 5 YR Treasury 3.567 +0.006 7 YR Treasury 3.772 +0.004 10 YR Treasury 4.046 +0.006 30 YR Treasury 4.692 +0.002 Pricing as of: 9/9 12:39AM EST Other News Inventory Woes: Are They Worse Than They Look? Thu, Jun 21, 2018 10:26AM There has been a lot of hand-wringing for going on two years or so about the incredible shrinking inventory of homes for sale . This week CoreLogic analyst Molly Boesel joins the chorus with another analysis of the problem. Boesel says the inventory of existing homes is at its lowest level in more than 18 years and continues to decrease (although the Nationa... (read more) FHFA: Home Price Index Continues to Rise Thu, Jun 21, 2018 9:46AM There was another 0.1 percent increase in the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) in April. The index, which is calculated using home sales prices from mortgages sold to or guaranteed by the government sponsored enterprises (GSEs) Fannie Mac and Freddie Mac, was up 6.4 percent compared to April 2017. The April report also revise... (read more) Ellie Mae: Purchase Loan Share at Post-Recession Highs Thu, Jun 21, 2018 8:04AM Loans for home purchasing continue to dominate mortgage originations and Ellie Mae says they may now represent the largest share of loans since the recession. The company's May Origination Insight Report put the purchasing share at 70 percent, the largest percentage at least since they started tracking the figure in 2011. Purchase loans made up had 66 percen... (read more) LO Resources; Doc and 1003 Products; Lender Credit Guideline Shifts Thu, Jun 21, 2018 9:07AM Huh? Rumors again that FHLB Atlanta is exiting the HFLB Xtra mortgage program effective at the end of this year? Who can keep track of all the rumored, and actual, changes in the biz? (Keeping with the Atlanta theme… no establishments from that locale made the latest list from Travel and Leisure of “The Best BBQ in the U.S.” .) More credit... (read more) Latest Video Dow on track for worst week in three months A lot of complexity now in the M&A environment, says Evercore founder Jobless claims come in under forecasts at 218,000 Around the Web NPR White House Proposes Merging Education and Labor Departments Calculated Risk Blog Housing Inventory Tracking Freddie Mac Mortgage Rates Retreat CNBC US consumer protection agency's structure is unconstitutional, federal judge rules Freddie Mac Supply Headwinds, Higher Rates Affecting Mortgage Market Despite Robust Economy NAR - Realtor.com Housing Is the Least Affordable in 10 Years Here's What's to Blame Brookings Institution Hutchins Roundup: Value of American banks, signals of financial distress, and more Calculated Risk Blog Earlier: Philly Fed Manufacturing Survey "Suggest Continuing Growth" in June CNBC Leading indicators up in May, still short of expectations Freddie Mac Mortgage Rates Retreat Bloomberg Haldane Joins BOE Hawks, Raising Chance of Summer Rate Hike Reuters Jobless claims fall for fourth straight week Bloomberg Euroskeptics Get Key Italy Parliament Posts Amid Pressure on EU

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