Housing permits improved for the second straight month in October but housing starts skyrocketed, rising 25.5 percent above September's level to a seasonally adjusted annual rate of 1,323,000 units. The increase came on the heels of a 9 percent downturn in September when a 39 percent drop in multi-family starts offset what was an otherwise encouraging gain in the single-family sector. That original estimate was revised slightly higher in today's report from the U.S. Census Bureau and Department of Housing and Urban Development, rising from 1,047,000 units to 1,054,000. October's gain put housing starts on a pace 23.3 percent above that of October 2015. The improvement in housing starts was broad based. All four regions of the country posted double digit percentage gains. The October surge was

November 17, 2016 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 Nov 17, 2016 Mortgage Rates Finally Catch a Break Wed, Nov 16, 2016 4:40PM Mortgage rates finally caught a break today, moving somewhat lower after hitting the highest levels of the year yesterday afternoon. In fact, several lenders moved rates even higher to start the day today, due to weakness in bond markets this morning. As the day progressed, bond markets found their footing, and many lenders offered mid-day improvements on rate sheets (aka positive reprices). While the reprices brought today's average effective rate below yesterday's, we're still dealing with 4.0% as the most prevalently-quoted conventional 30yr fixed rate on top tier scenarios. Most borrowers ... (read more) 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 Live Day Ahead: Implications of Longer Term Momentum Hitting 'Oversold' Levels Thu, Nov 17, 2016 10:02AM This morning's commentary will be a bit heavy in terms of the focus on technical analysis, but as always, this isn't exactly old school, textbook technical analysis as much as it is my own spin on it, which has generally served us well over the ... (read more) MBS Live Recap: A Flat Trading Day That Felt Like a Big Win Wed, Nov 16, 2016 5:40PM Bond markets managed to scrape together a day-over-day improvement by a very small margin.  10yr yields closed 1.6bps lower and Fannie 3.5s gained a paltry 1/32nd of a point.  That isn't the sort of thing that would typically be exciting ... (read more) MBS Price Change UMBS 5.0 99.68 -0.10 UMBS 5.5 101.22 -0.06 UMBS 6.0 102.46 -0.08 GNMA 5.0 100.00 -0.07 GNMA 5.5 101.18 -0.01 GNMA 6.0 102.12 -0.06 Pricing as of: 9/9 6:49AM EST US Treasury Yield Change 2 YR Treasury 3.503 +0.015 5 YR Treasury 3.580 +0.019 7 YR Treasury 3.789 +0.021 10 YR Treasury 4.065 +0.026 30 YR Treasury 4.722 +0.032 Pricing as of: 9/9 6:49AM EST Other News Housing Starts Explode to 9-Year High Thu, Nov 17, 2016 10:47AM Housing permits improved for the second straight month in October but housing starts skyrocketed, rising 25.5 percent above September's level to a seasonally adjusted annual rate of 1,323,000 units. The increase came on the heels of a 9 percent downturn in September when a 39 percent drop in multi-family starts offset what was an otherwise encouraging gain i... (read more) Oklahoma Leads California in Quake Count, but Risks Vary Wed, Nov 16, 2016 3:44PM Two recent data releases from CoreLogic's Insurance and Spatial Solutions division assess earthquake risk in California and Oklahoma. Yes, Oklahoma, a place normally thought of in terms of tornados risk, now outstrips California in the frequency of earthquakes. And it has achieved that dubious distinction from almost a standing start in less than a decade. T... (read more) Jumbo News; Strong Housing Starts Number, CFPB News/Rumors Thu, Nov 17, 2016 10:13AM The FDIC reports banks paid $37.5 billion in taxes through Q2. That’s a lot. In individual tax news, the Mortgage Bankers Association sent out a joint trades letter urging Congress to act on real estate tax extenders (mortgage debt forgiveness and MI premium deductibility). Jumbo news? Yes, there is. In today's competitive housing market, Sierra Pacifi... (read more) Latest Video Louise Yamada breaks down 200 years of interest rates Housing starts surges to 9-year high Yellen: Mortgage credit standards have tightened Around the Web Bloomberg Homebuilding Is Hot Again. And Not Nearly Hot Enough Calculated Risk Blog Comments on October Housing Starts Fannie Mae Fannie Mae Completes its Latest Credit Insurance Risk ... CNBC Yellen: I don't know why business investment is so low, but it's not our fault NAHB Eye on Housing Single-Family Home Size Trending Lower CNBC Homebuilders ETF rises 1.5% after strong October housing starts CNBC 8 cities where you have to earn over $70,000 to afford a home NAHB Eye on Housing Apartment and Condominium Market Posts Positive Gains in the Third Quarter freddiemac.mwnewsroom.com Mortgage Rates Spike Redfin The October Housing Market Rewarded Sellers with the Largest Price Increase in 10 Months Reuters Yellen says Fed could raise interest rates 'relatively soon' CNBC Fed's Kashkari: Trump rally helps policymakers on rates CNBC This is not the beginning of a bond bear market, asset manager says

© 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.