It seems like only yesterday that we were looking at the December new home sale numbers - well actually it was 6 days ago. Now we have the January sales numbers as the Census Bureau and the Department of Housing and Urban Development continue to catch up from the shutdown's data drought. However, while December sales surprised everyone with a 16.9 percent increase to 621,000 units (now revised to 652,000) January took back a lot of those gains. Sales were at a seasonally adjusted rate of 607,000 units, a 6.9 percent reversal. This puts sales down 4.1 percent year-over-year. That the January numbers were not worse was solely due to a surge in sales in the West. They fell by double digit percentages in the other three regions. The January estimate was still solidly within the 590,000 to 640,000

March 14, 2019 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 14, 2019 Mortgage Rates Technically Lower, But Risk Rising Tomorrow Wed, Mar 13, 2019 4:42PM Mortgage rates were officially lower today, despite some weakness in the bond market. In general, bond market weakness coincides with rates moving higher. This time around, the weakness was minimal, and mortgage lenders had a bit of catching up to do with respect to yesterday's bond market gains. The changes were very small for the average lender, but they technically result in yet another long-term low (best rates since January 2018). Clouds began to roll in by the end of the day in response to a glut of news out of the UK. As expected, British politicians voted to avoid exiting the EU withou... (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: How Much Do We Really Care About Brexit? Thu, Mar 14, 2019 9:56AM Top line, bottom line: Brexit is a big deal.  Without the Brexit referendum in mid-2016, US bond yields never would have revisited all-time lows.  It's important to remember that London is big player in financial market history.  The L... (read more) MBS Live Recap: Bonds Resilient Streak Under Threat Wed, Mar 13, 2019 5:05PM For the most part, today was marked by the same sort of resilience seen on several recent occasions where bond yields have either held steady or fallen despite decent-to-strong economic data.  In today's case, it was a fairly healthy (depending whom you ask) improvement in durable goods (cap-ex +0.8 vs +0.1 forecast).  The caveat is that was Janu... (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 Surge of New Home Sales in West Salvage January Numbers Thu, Mar 14, 2019 10:57AM It seems like only yesterday that we were looking at the December new home sale numbers - well actually it was 6 days ago. Now we have the January sales numbers as the Census Bureau and the Department of Housing and Urban Development continue to catch up from the shutdown's data drought. However, while December sales surprised everyone with a 16.9 percent in... (read more) Housing Market OK to Weather an Economic Downturn Thu, Mar 14, 2019 8:11AM Folks who follow real estate might be getting a little nervous. Since that category includes almost everyone who owns a home, wants to own a home, or makes money buying, selling, building, or furnishing a home, that could be a lot of edgy people. And not without reason. Ralph Mclaughlin points out in CoreLogic's Insights blog that is seems lately as though t... (read more) Digital Products; Loan Package for Sale; Fee and Pricing Changes Thu, Mar 14, 2019 9:00AM Happy pi day, 3.14… Did you hear about the three statisticians that went out hunting? They spotted a rabbit. The first shot too high. The second shot too low. The third cried out, “We got it!” Statistics are tricky things (are sales of new homes down because of high prices or lack of inventory?), and real estate agents love stats for their... (read more) Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web Reuters Wall Street near flat as trade deal outlook uncertain Calculated Risk Blog A few Comments on January New Home Sales CNBC UK lawmakers vote in favor of delaying Brexit departure date CNBC For homebuilders, 'the next few months are big' NAHB Eye on Housing New Home Sales Distribution Highlights Affordability Opportunity Reuters Treasury's Mnuchin expects elements of China trade talks to be resolved soon CNBC Theresa May intends to bring her twice-rejected Brexit deal back to Parliament NAR - Realtor.com The Best Week of the Year to Put Your House on the Market Is CNBC These 10 cities could lose $34 billion-plus in housing to coastal floods by 2050 NAHB Eye on Housing Built-for-Rent Construction Dominates Apartment Development Calculated Risk Blog Weekly Initial Unemployment Claims increased to 229,000 Bloomberg ECB Near End of Road Seeks Government Backup to Support Economy Redfin Home Prices Up 0.6% in FebruarySmallest Year-Over-Year Gain Since March 2012

© 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.