After making noticeable improvements toward the end of last week, mortgage rates failed to extend positive progress yesterday. After a weak open, mortgage backed securities prices traded in a narrow range for most of the day. Despite MBS prices moving lower at the open, lenders were still able to offer...
Recap of Yesterday Choppy rates session. FN 4.5 trades in 19 tick range...forcing us to issue two ALERTS. Mortgage Rates still holding at or below 5.00% (well qualified borrowers only) FN 4.5 +0-03 at 3pm marks. FN 4.5 -0-02 at 5pm. Current Coupon 4.39% at 3pm, 4.41% at 5pm. Yield spreads tighter vs...
Housing permits and starts in November were mixed when compared to October levels according to figures released this week by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. The seasonally adjusted and annualized figure for permits authorizing housing units issued in November...
The Census Bureau and the U.S. Department of Housing and Urban Development have released October figures on building permits and housing starts and the news is not good. Housing permits were issued at an annual rate of 1,535,000 in October which is 6.3 percent behind the pace in September and down 28...
The U.S. Census Bureau and the Department of Housing and Urban Development (HUD) issued their August report on housing permits and starts on Tuesday. The New Residential Construction report showed housing starts down 1.3 percent from the July figure which was itself adjusted downward from preliminary...