Housing starts posted a second straight increase in June while permits continued what has become a long, slow, slide. The U.S. Census Bureau and the Department of Housing and Urban Development said builders began construction on new homes at a seasonally adjusted annual rate of 1.643 million during the month, a 6.3 percent increase over the 1.546 million rate of starts in May. Those were originally reported slightly higher, a 1.572 million rate. Starts are now 29.1 percent higher than in June 2020. The June number was higher than expected by analysts. Those polled by Econoday had a consensus of 1.590 million units. Their forecasts were wide ranging, running from 1.520 to 1.693 million units. Single family starts were at a seasonally adjusted annual rate of 1.160 million units, also a 6.3 percent

July 20, 2021 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 Jul 20, 2021 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 5.5 101.22 -0.06   97.47 101.61 UMBS 30YR 6.0 102.47 -0.07   99.66 102.50 10 YR Treasury 4.065 +0.026   3.621 4.780 MBS Price Change UMBS 5.0 99.70 -0.08 UMBS 5.5 101.24 -0.04 UMBS 6.0 102.48 -0.06 GNMA 5.0 100.02 -0.05 GNMA 5.5 101.19 +0.00 GNMA 6.0 102.13 -0.05 Pricing as of: 9/9 7:04AM EST US Treasury Yield Change 2 YR Treasury 3.500 +0.012 5 YR Treasury 3.576 +0.015 7 YR Treasury 3.785 +0.017 10 YR Treasury 4.062 +0.022 30 YR Treasury 4.720 +0.030 Pricing as of: 9/9 7:04AM EST Other News Housing Starts Continue to Improve as Permits Lose More Ground Tue, Jul 20, 2021 3:28PM Housing starts posted a second straight increase in June while permits continued what has become a long, slow, slide. The U.S. Census Bureau and the Department of Housing and Urban Development said builders began construction on new homes at a seasonally adjusted annual rate of 1.643 million during the month, a 6.3 percent increase over the 1.546 million rat... (read more) MBA Sees New Home Sales at 13 Month Low Tue, Jul 20, 2021 3:29PM The Mortgage Bankers Association is projecting a sizeable decline in new home sales occurred last month as applications for their purchase declined 3 percent month-over-month and were 23.8 percent lower than in June 2020. The change does not include any seasonal adjustment. Based on the application data, gathered from its Builder Application Survey (BAS) and... (read more) MLO, AE Jobs; Marketing, Sales, Broker, Originator, Social Media Tools Tue, Jul 20, 2021 11:52AM t was bound to happen: My cat Myrtle and I came to blows. She wanted to spend her trust fund money, earned on the catwalk in her prime, to pay various periodicals and ranking services around the nation to say that she won the “2020 Cat of the Year Mentioned in a Daily Commentary.” Apparently, she had seen the various rankings that companies and M... (read more) Latest Video Uncertain post-pandemic reopening plans threaten real estate market The 9am Bond Report - July 20, 2021 Low rates prop up homebuilders Homebuilder sentiment dropped to 80 in July Around the Web Calculated Risk Blog Comments on June Housing Starts Black Knight Black Knight Announces Underwriter Assist Digital Solution, Leverages Machine-Learning Tools From AWS Calculated Risk Blog Housing Starts increased to 1.643 Million Annual Rate in June CNBC U.S. Treasury yields climb, 10-year yield rises to 1.21% Reuters Dow, S&P 500 sink 2% as virus surge stifles recovery hopes CNBC Homebuyers aren't seeing savings from falling lumber prices here's why Calculated Risk Blog Housing Inventory July 19th Update: Inventory Increased 5% Week-over-week, Up 27% from Low in early April Calculated Risk Blog NAHB: Builder Confidence Declined to 80 in July Calculated Risk Blog Charlotte Region Real Estate in June: Sales Up 12% YoY, Inventory Down 52% YoY CNBC Bill Ackman still sees a massive economic boom despite the delta variant, says rates to rebound CNBC 10-year Treasury yield falls to 1.23%, hitting a new five-month low thetitlereport.com Ransomware attack sidelines of the title industry's main cloud providers Reuters Yellen began Treasury job with flurry of calls and meetings, calendar shows

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