The National Association of Realtors® (NAR) said consumer confidence is growing across the country, especially in rural and middle America. Its most recent quarterly Housing Opportunities and Market Experience (HOME) survey found the share of households who believed the economy is improving rose to the highest level during the first quarter of 2017 than at any time in the five-year history of the survey. Sixty-two percent of respondents expressed positive sentiments about the economy, up from 54 percent at the end of 2016 and 48 percent last March. NAR Chief Economist Lawrence Yun said the geographic dispersal of answers to the question represents an extraordinary reversal from previous surveys. Positive answers rose from 51 percent in the Midwest last quarter to 67 percent and in rural

March 15, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 15, 2017 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 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 5.5 101.10 +0.03   97.47 101.61 UMBS 30YR 6.0 102.40 +0.03   99.66 102.50 10 YR Treasury 4.081 -0.002   3.621 4.780 MBS Live Day Ahead: Here Comes The Fed Wed, Mar 15, 2017 8:27AM If you've caught essentially any post in the last few weeks, there's nothing left to say about today.  If, however, this is your first time reading this commentary, welcome!  Here's a run-down of the current situation and the day ahead. There are several economic reports this morning and they're typically fairly big in terms of their ability ... (read more) MBS Live Commentary: Differences Between Current and Previous FOMC Statements Wed, Mar 15, 2017 2:05PM (Additions underlined, deletions struck through) Information received since the Federal Open Market Committee met in December February indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace. Job gains remained solid and the unemployment rate stayed near its was little changed i... (read more) MBS Price Change UMBS 5.0 99.48 +0.04 UMBS 5.5 101.09 +0.02 UMBS 6.0 102.39 +0.02 GNMA 5.0 99.76 +0.03 GNMA 5.5 101.04 0.00 GNMA 6.0 102.04 +0.06 Pricing as of: 9/10 6:10AM EST US Treasury Yield Change 2 YR Treasury 3.544 -0.024 5 YR Treasury 3.608 -0.020 7 YR Treasury 3.811 -0.022 10 YR Treasury 4.087 +0.004 30 YR Treasury 4.741 +0.007 Pricing as of: 9/10 6:10AM EST Other News Consumer Confidence Up; Renter Homebuying Enthusiasm Fades Wed, Mar 15, 2017 1:15PM The National Association of Realtors® (NAR) said consumer confidence is growing across the country, especially in rural and middle America. Its most recent quarterly Housing Opportunities and Market Experience (HOME) survey found the share of households who believed the economy is improving rose to the highest level during the first quarter of 2017 than ... (read more) Builder Confidence Hits 12-Year High Wed, Mar 15, 2017 10:31AM The National Association of Home Builders (NAHB) said its new home builder members displayed a surge of confidence this month. The NAHB/Wells Fargo Housing Market Index (HMI) jumped 7 points to 71, giving it the highest reading since June 2005. Numbers for the three component indices were also up, however the increased confidence did not extend nationwide. A... (read more) Applications Rise Despite Rates at 3-Year Highs Wed, Mar 15, 2017 8:55AM The volume of mortgage applications rose last week even as some interest rates reached their highest levels in nearly three years . The Mortgage Bankers Association (MBA) said that its Market Composite Index, viewed on a seasonally adjusted basis, was up 3.1 percent during the week ended March 10. The index rose 4.0 percent compared to the previous week when... (read more) Upcoming Training and Conferences; Ginnie Changes; Warehouse Products Wed, Mar 15, 2017 9:19AM Yes, calendars have changed over a few thousand years. But the Ides of March is a day on the Roman calendar that corresponds to 15 March, marked by several religious observances, and then became notorious as the date of the assassination of Julius Caesar in 44 BC. Speaking of history, want to buy a house with a cannon ball still lodged in the wall from 1861?... (read more) Latest Video Yellen: No decisions made yet on balance sheet Gross: Fed statement less hawkish than some had feared Dollar, Treasury yields fall after Fed decision Around the Web CNBC Yellen tells consumers after rate hike: 'The simple message is the economy is doing well' CNBC The Fed maintains 2017, 2018 rate forecast Federal Reserve Federal Reserve issues FOMC statement Federal Reserve Federal Reserve Board and Federal Open Market Committee release economic projections from the March 14-15 FOMC meeting feedproxy.google.com NAR HOME Survey: Economic, Financial Optimism Surges; Renters Lukewarm About Buying CNBC Consumer prices rose at a slower pace in February CNBC US retail sales rose 0.1% in Feb, as expected CNBC Pimco: If Fed gets timid about hiking interest rates, it could create panic in bond market Reuters Wells Fargo, RBS, Deutsche Bank in $165 million NovaStar settlement Bloomberg Fed Is Poised to Revisit Inflation Forecast as Prices Pick Up CNBC How Janet Yellen could tee up a stealth rate hike for later this year NAR - Realtor.com Down Payments for First-Time Home Buyers Still in the Single Digits The Atlantic Can Declining Productivity Be Reversed?

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