The Trump Administration formally rolled out a plan on Tuesday to massively reorganize the federal government . The proposal is largely the work of Office of Management and Budget Director and acting head of the Consumer Financial Protection Bureau (CFPB) Mick Mulvaney, but the Administration admits the blueprint for the reorganization was produced by the Heritage Foundation. The 132-page document touches nearly every part of the executive branch. Prior to the release, media attention was focused on the rumored plans, confirmed by the document release, to combine the cabinet level Departments of Labor and Education into a single unit called the Department of Education and the Workforce. The explanation for this change is the need to meet needs of American students and workers from education

June 22, 2018 Download our Mobile App: Download our Mobile App: Housing News Massive Government Reorganization Plan Includes Housing Changes The Trump Administration formally rolled out a plan on Tuesday to massively reorganize the federal government . The proposal is largely the work of Office of Management and Budget Director and acting head of the Consumer Financial Protection Bureau (... (read more) Housing News NAHB: Lumber Shortages and Prices Hampering Affordability In back-to-back blog posts in the National Association of Home Builder's (NAHB's) Eye on Housing Blog , Paul Emrath details both the extent of the current shortage of lumber facing homebuilders and its impact on home prices. Emrath says that shortage... (read more) Rob Chrisman GSE Chatter - Another Government Plan; Conventional Conforming Updates Don't have the time, or money, to take a trip to Scottsdale, Ariz., to see Frank Lloyd Wright's winter home and studio, Taliesin West? Well, that issue will no longer limit would-be visitors. Thanks to the latest immersive online virtual experience v... (read more) MBS Commentary MBS Live Day Ahead: High Bar For Bonds to do Something Meaningful When a single, clearly-delineated event was responsible for 30bps of movement in 10yr yields in the matter of a few days, it's hard to get too worked up about 10bps of movement over the same time frame.  It's even harder when that 10bps has oc... (read more) Mortgage Rate Watch 2 Paradoxes For Mortgage Rates Mortgage rates were microscopically higher today, which is paradoxical on two levels. The first paradox has to do with today's bond market improvements. Bonds underlie rates and bond market improvements coincide with rates moving lower--usually! In s... (read more) MBS Commentary MBS Live Recap: Big Miss in Philly Fed Index Pushes Yields Lower Grandparents will always have at least a few stories about "the way things used to be."  Those old ways may seem inefficient, strange, wonderful , or all of the above to the younger generation.  For market watchers, the generational divide... (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 99.35 -0.15 UMBS 6.0 101.28 -0.12 GNMA 5.5 99.62 -0.16 GNMA 6.0 101.22 -0.11 Pricing as of: 7/23 1:04PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.877 +0.048 5 YR Treasury 3.931 +0.046 7 YR Treasury 4.145 +0.047 10 YR Treasury 4.390 +0.044 30 YR Treasury 4.957 +0.041 Pricing as of: 7/23 1:04PM EST Latest Video Veteran trader Art Cashin on what's moving markets Trump urges OPEC to increase oilput Watch the move in the front of the yield curve, says CIO Around the Web Calculated Risk Blog Duy: "No, A Recession Is Not Likely In The Next Twelve Months" CNBC Increased threat of a trade war is ramping up fears of a 'full-blown recession' NAR - Realtor.com The Outdoor Features That Will Boost Home Values the Most Calculated Risk Blog Q2 GDP Forecasts Reuters Trump threatens 20 percent tariff on European Union cars Bloomberg Europe's Retaliation Takes US Trade Tensions to the Next Level Freddie Mac Freddie Mac Prices $930 Million Multifamily K-Deal, K-732 Calculated Risk Blog Merrill: "The cost of a trade war" Reuters Global Economy Week Ahead: Soft patch, facade, or great decoupling? Reuters Euro zone second-quarter growth likely decent but trade concerns rising NPR White House Proposes Merging Education and Labor Departments Calculated Risk Blog Housing Inventory Tracking Freddie Mac Mortgage Rates Retreat

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