Spending on residential buildings fared better than overall construction spending in February. The U.S. Census Bureau said on Monday that expenditures for all construction was at a seasonally adjusted annual rate of $1.19 trillion during the month, an 0.8 percent increase from the January estimate of 1.18 trillion (revised from 1.0 trillion). February spending was at a rate 3.0 percent higher than the $1.16 trillion rate in February 2016. On a non-adjusted basis, total spending during the month was $81.78 billion. Over the first two months of 2017 total expenditures totaled $163.2 billion, 3.0 percent year-over-year growth. Analysts polled by Econoday were looking for expenditures to rise by1.0 percent from January although the estimates covered a wide range, from a 0.7 percent decline to a

April 3, 2017 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 Apr 3, 2017 Mortgage Rates End Week Little-Changed Fri, Mar 31, 2017 4:59PM Mortgage rate were unchanged to slightly lower today. Once again, the actual change you see will depend heavily on the lender in question. Most are fairly close to yesterday's latest levels but a few are noticeably better or worse. In general, those who deviated from "unchanged" today, did so in a friendly direction. This was made possible by steady improvements in bond markets throughout the day, resulting in several lenders updating rate sheets in the middle of the day. All that having been said, no matter the direction of the movement, it's all been very small this week. Few, if any lenders... (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 Week Ahead: Bonds Approach Inflection Point Amid Data and Fed Minutes Mon, Apr 3, 2017 9:26AM Remember March 15th's Fed Announcement?  That was the one where the entire free world was utterly and completely convinced that the Fed would hike several weeks in advance of the announcement itself.  The entire world was right, of course... (read more) MBS Live Recap: Bonds Almost Perfectly Unchanged in Q1 Fri, Mar 31, 2017 4:56PM Month/Quarter-end bond buying was nowhere to be seen until today.  It can provide a mild but determined positive trend in bond markets that transcends economic data.  Case in point, Core PCE was +1.8 vs a +1.7 forecast today and bonds bega... (read more) 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 7:01AM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.011 5 YR Treasury 3.576 +0.014 7 YR Treasury 3.784 +0.016 10 YR Treasury 4.061 +0.022 30 YR Treasury 4.719 +0.029 Pricing as of: 9/9 7:01AM EST Other News Residential Construction Spending Up 6.4 Percent Annually Mon, Apr 3, 2017 1:42PM Spending on residential buildings fared better than overall construction spending in February. The U.S. Census Bureau said on Monday that expenditures for all construction was at a seasonally adjusted annual rate of $1.19 trillion during the month, an 0.8 percent increase from the January estimate of 1.18 trillion (revised from 1.0 trillion). February spendi... (read more) Prepays Nosedive but Cash-Out Refi's Near 50% Share Mon, Apr 3, 2017 10:16AM The conditional prepayment rate (CPR), the annualized percentage of total mortgage principal that borrowers prepay on a pool of loans in a given time period, dove steeply in the early part of this year. Black Knight Financial Services reports that there was a 40 percent decline in the rate over the active first lien mortgage universe. The company's current M... (read more) Attorneys Weigh in on MSAs, Builder Incentives, The CFPB, and RESPA Mon, Apr 3, 2017 9:33AM Welcome to Q2! I am attending the NYMBA conference for a few days, but 1,300 miles south, in Florida (aka "God's waiting room"), folks are talking "real estate boom." Tampa now takes the title of the nation's healthiest housing market, at least according to TenX , a real-estate auction and analytics company which rates locations based on a number of key fact... 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