After a couple of high flying months and after setting several survey records in February, Fannie Mae's Home Purchase Sentiment Index (HPSI) ran out of steam in March. The index decreased 3.8 percentage points to 84.5, and five of the six components that comprise it also fell, some rather dramatically. The net share of respondents to the National Housing Survey from which the HPSI is derived who said it was a good time to buy a house fell 10 percentage points while the net of those saying it was a good time to sell rose 9 points. The latter was the sole advance for the month and set its second new survey high in as many months. High home prices were cited as the most important reason for both the bad time to buy sentiments, mentioned by 39 percent of those respondents, and by 24 percent of

April 7, 2017 Download our Mobile App: Download our Mobile App: Housing News Housing Sentiment Falls From Record Highs After a couple of high flying months and after setting several survey records in February, Fannie Mae's Home Purchase Sentiment Index (HPSI) ran out of steam in March. The index decreased 3.8 percentage points to 84.5, and five of the six components ... (read more) Housing News Mortgage Servicers May Have a Problem Servicers might have a loyalty problem. Or, more likely, a marketing one. In its April Mortgage Monitor , much of which we covered earlier this week, Black Knight Financial Services took an in-depth look at servicer retention . This is the rate at wh... (read more) Rob Chrisman FHA, VA, Ginnie, USDA Changes; CFPB's Tongue-Lashing From Hensarling If you think mortgage regulations are running amok, as part of the Affordable Care Act, restaurants with 20 or more locations will soon have to post signs indicating calorie counts for every item and every variation of an item on the menu. If you are... (read more) Housing News Multi-Family Lending Led 2016 Commercial Market Fannie Mae and Freddie Mac were big players in the multi-family sector of the commercial real estate market last year. According to the Mortgage Bankers Association (MBA), the year just ended was the third highest on record f or commercial real estat... (read more) MBS Commentary MBS Live Day Ahead: NFP or Syria. Or Neither Cue the "all eyes" headlines that seem to pop up on NFP day, a la "All Eyes on NFP."  Well, this certainly used to be true.  It will probably be true again in the future, at a times when there's more uncertainty about shifts in the labor ... (read more) MBS Commentary MBS Live Recap: More Intraday Volatility; More Big-Picture Immobility Bonds continue grinding it out in an exceptionally horizontal sort of direction!  If you saw the best and the worst of trading levels on Monday, you've more than covered the entire range of bond market movement this week.  To wit: ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.37 -0.14 Price / Yield Change MBS UMBS 5.5 99.38 -0.13 UMBS 6.0 101.31 -0.09 GNMA 5.5 99.64 -0.14 GNMA 6.0 101.28 -0.05 Pricing as of: 7/23 8:40PM EST 10 Year US Treasury 4.3837 +0.0377 Price / Yield Change US Treasury 2 YR Treasury 3.878 +0.049 5 YR Treasury 3.933 +0.047 7 YR Treasury 4.146 +0.047 10 YR Treasury 4.386 +0.040 30 YR Treasury 4.942 +0.025 Pricing as of: 7/23 8:40PM EST Latest Video Fed's Dudley: Expects balance sheet reduction late this year Nonfarm payrolls increase by only 98,000 US job creation misses expectations in March Around the Web CNBC Markets have spoken: Fed, Trump agenda outweigh geopolitical concerns CNBC Here's how much more it costs to own vs. rent a home in every US state consumerfinancemonitor.com Director Corday's appearance before House Committee: strong on theater, weak on substance Freddie Mac New Freddie Mac Outlook Predicts U.S. Multifamily Origination Volume May Top $295 Billion in 2017 Market Watch Fed won't be pushed off course by March payroll data Calculated Risk Blog Comment: A Mostly Solid Employment Report CNBC The government reported a 4.5% unemployment rate, but here's the realistic number CNBC Job growth tumbles in March; unemployment rate falls to 4.5% Fannie Mae Housing Confidence Dips Amid Robust Home Price Gains ... CNBC Fed's Neel Kashkari says banks need twice as much capital to weather another financial crisis CNBC Jobs seen strong but March storms could be factor CNBC The US warned the Russians ahead of Syria missile strikes: Official Reuters Hillary Clinton calls for U.S. to bomb Syrian air fields

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