While the National Association of Home Builders (NAHB) was fast out of the box yesterday, slamming the newly released Republican tax reform proposal, the National Association of Realtors® (NAR) issued a statement merely acknowledging release of the bill and saying it needed time for a review. It didn't take long. Before the close of business yesterday it released a statement from its President William E. Brown calling the proposed bill "a tax increase on middle-class homeowners" one that "threatens home values and takes money straight from the pockets of homeowners." Brown continued, "Realtors® believe in the promise of lower tax rates, but this bill is nowhere near as good a deal as the one middle-class homeowners get under current law. Tax hikes and falling home prices are a one-two

November 3, 2017 Download our Mobile App: Download our Mobile App: Housing News NAR Jumps into Tax Reform Fight; MBA Holds the Towel While the National Association of Home Builders (NAHB) was fast out of the box yesterday, slamming the newly released Republican tax reform proposal, the National Association of Realtors® (NAR) issued a statement merely acknowledging release of t... (read more) Housing News Industry Heads Agree on Explicit Government Guarantee for Fannie and Freddie The second in a scheduled three-part hearing on Sustainable Housing Finance was held on Thursday by the Housing and Insurance subcommittee of the House Financial Services Committee (FSC). This hearing focused on "Private Sector Perspectives" on Housi... (read more) Rob Chrisman MI Company News; LIBOR, The Tax Proposal, and Fed Chair Nominee One can focus on how to obtain a free sandwich today , since it is National Sandwich Day, or focus on the new tax proposal. NAR: "...at first glance it appears to confirm many of our biggest concerns about the Unified Framework. Eliminating or nullif... (read more) MBS Commentary MBS Live Day Ahead: Does NFP Matter? On average, NFP (the "nonfarm payrolls" component of the Employment Situation report which also refers to the broader report itself) is the biggest market mover in the history of the world in terms of economic reports.  It generally doesn't go... (read more) Mortgage Rate Watch Mortgage Rates Back to 2-Week Lows After Tax Plan Mortgage rates improved moderately today following the release of the GOP tax bill and confirmation of Jerome Powell as Trump's Fed Chair nomination. "Confirmation" actually isn't quite the right word in this case because Powell actually does need to... (read more) MBS Commentary MBS Live Recap: Tax Plan Overwhelms Markets, but Fails to Stir Much Reaction Traders' eyes were far more burdened than their fingers (which push the "trade" button) today.  There was a ton of info to take in regarding the GOP's tax bill, but not much trading to be done in response.  While it was the biggest event ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/3 5:45PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/3 5:45PM EST Latest Video Fmr. Fed Advisor: Powell the right choice for Fed chairman ISM non-manufacturing index comes in higher than forecasts Here's what Friday's jobs report means for the economy and interest rates Around the Web CNBC It's begun: Fed's unwinding of its epic balance sheet officially showing up in the data Reuters Wells Fargo says it faces lawsuits over mortgage and auto loans NMHC Apartment Industry Makes Its Case on Housing Finance Reform Bloomberg The Biggest Challenge for Central Bankers: Don't Wreck the Economy CNBC Powell will, 'unless he's crazy,' continue Yellen's path, says ex-Fed vice chair NMHC Apartment Industry Makes Its Case on Housing Finance Reform PR Newswire Texas home sales decline on quarterly basis for first time since 2012 CNBC Hurricane-damaged jobs number won't sway the Fed from rate hike Calculated Risk Blog Comment on Employment Report: Hurricane Bounce Back, Record Job Streak Still Alive! CNBC 'Too young' Warsh reportedly blew his Fed interview with Trump while Powell aced his Reuters U.S. factory orders rise, core capital goods orders revised higher CNBC ISM non-manufacturing index hits highest reading since index debuted in 2008 NAHB Eye on Housing Fed Leaves Rates Unchanged, Current Range Deemed "Accommodative"

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