Housing permits and starts both reversed their respective two-month slides in June, and both did so convincingly , far outpacing analysts' expectations. Activity was especially strong in the Midwest. The U.S. Census Bureau and the Department of Housing and Urban Development said building permits were issued at a seasonally adjusted annual rate of 1,254,000 units. This is a 7.4 percent jump from the May rate of 1,168,000. June permits were issued at a 5.1 percent higher pace than a year earlier. The permitting number left analysts in the dust. Those polled by Econoday had expected the number to come in between 1.170 million and 1.225 million, with a consensus of 1.206 million. Single family permits were issued at a rate of 811,000, a 4.1 percent month-over-month gain from the May estimate of

July 19, 2017 Download our Mobile App: Download our Mobile App: Rob Chrisman Upcoming Events; Disaster Updates; Yield Curve Flattening In a broad generalization, when people have money to invest they usually think about stocks, bonds, or real estate. (Yes, I know there are other assets, like precious metals, restaurants, your sister-in-law’s nail salon…) Looking at real... (read more) Housing News Housing Starts/Permits Convincingly End Recent Slump Housing permits and starts both reversed their respective two-month slides in June, and both did so convincingly , far outpacing analysts' expectations. Activity was especially strong in the Midwest. The U.S. Census Bureau and the Department of Housi... (read more) Housing News Mortgage Apps Bounce Back After Holiday Losses Mortgage application volume bounced back during the week ended July 14, following a sharp downturn a week earlier. That week had been shortened by the Independence Day holiday. The Mortgage Bankers Association said its Market Composite Index, a measu... (read more) MBS Commentary MBS Live Day Ahead: Trust The Technicals? This commentary will begin it's life as the "day ahead" entry for July 19th, 2017, but it may as well be a "knowledge base" entry for the validity of technical analysis.  There are already several knowledge base articles designed to help people ... (read more) Mortgage Rate Watch Mortgage Rates Moderately Lower Mortgage rates fell today, but continue lagging behind the movements seen in underlying bond markets. Part of that has to do with the timing of bond market swings over the past few days, but lenders also simply want to see markets pick a theme and st... (read more) MBS Commentary MBS Live Recap: Best Day For Bonds Since Late June If there is one thematic event at the heart of the past 4 weeks, it was a series of comments from European Central Bank (ECB) President Mario Draghi back on June 27th, essentially foreshadowing a winding-down of asset purchases.  In other words,... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% +0.03 0.00 15 Yr. Fixed 6.05% +0.01 0.00 30 Yr. FHA 6.38% +0.02 0.00 30 Yr. Jumbo 6.91% +0.01 0.00 7/6 SOFR ARM 6.27% +0.02 0.00 30 Yr. VA 6.40% +0.02 0.00 Updates Daily - Last Update: 7/24 15 Yr. Fixed Rate 6.05% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.74% -0.01 0.00 15 Yr. Fixed 5.87% -0.05 0.00 Updates Weekly - Last Update: 7/24 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 99.31 -0.05 Price / Yield Change MBS UMBS 5.5 99.31 -0.05 UMBS 6.0 101.25 -0.06 GNMA 5.5 99.58 -0.05 GNMA 6.0 101.22 -0.04 Pricing as of: 7/24 8:13PM EST 10 Year US Treasury 4.3982 +0.0145 Price / Yield Change US Treasury 2 YR Treasury 3.923 +0.045 5 YR Treasury 3.960 +0.030 7 YR Treasury 4.164 +0.020 10 YR Treasury 4.398 +0.015 30 YR Treasury 4.939 -0.001 Pricing as of: 7/24 8:13PM EST Latest Video Budget battle rages on the Hill Mortgage applications jump 6.3% as borrowers rush to refinance Santelli Exchange: James Grant on central banks' candor Around the Web Market Watch More Americans are renters now than at any time in the last 50 years NAR - Realtor.com Suburban Poverty Is Growingand It's Affecting Housing Markets Reuters U.S. judge allows VW bondholder suit to continue Bloomberg Corporate Bond Traders Play Chicken Calculated Risk Blog Comments on June Housing Starts Bloomberg Debt Ceiling Concerns Start to Surface in Treasury Bills consumerfinancemonitor.com CFPB provides additional HMDA reporting guidance NAR - Realtor.com New Home Construction Is Finally RisingWhat That Means for Buyers Calculated Risk Blog AIA: Architecture Billings Index positive in June CNBC That 30-year mortgage might not be your best option CNBC Crash in bond markets, Fed mistake are investors' biggest fears right now, survey finds CNBC ECB to hold steady this week as traders eye a September taper' of its bond-buying program CNBC Luxury home sales jump in New York's Hamptons

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