The last of a series of three working papers on the hurdles hampering homeownership was introduced on Friday in conjunction with the 2017 Realtors® Conference and Expo and the 2018 forecast for housing from Lawrence Yun, chief economist of the National Association of Realtors (NAR). Yun said that the many positives for housing that should pave the way for an increase in existing home sales are being handcuffed by continued supply shortages and passage of a tax bill that could disincentivize homeownership. "Despite considerable demand all year, pending sales have lost a step in recent months because low supply is pushing prices higher and making homebuying less affordable in several parts of the country," Yun said. Yun is estimating the current year will finish with existing home sales at

November 6, 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 Nov 6, 2017 Mortgage Rates Roughly Unchanged After Jobs Report Fri, Nov 3, 2017 5:55PM Mortgage rates were mostly sideways today although a few lenders offered token improvements. When we talk about small improvements in "mortgage rates," we're often dealing with the "upfront cost" side of the equation that dictates the overall cost of financing. The other, more obvious side would be the interest rate itself. Upfront costs offer more of a fine-tuning adjustment. Many borrowers wouldn't even notice today's improvements. Others will see than as a couple hundred dollars. Today brought the big jobs report--traditionally one of the most important economic reports as far as interest r... (read more) 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 5.5 101.05 -0.02   97.47 101.61 UMBS 30YR 6.0 102.36 -0.02   99.66 102.50 10 YR Treasury 4.089 +0.006   3.621 4.780 MBS Live Day Ahead: Limited Econ Data Leaves Focus on Tax Reform Headlines Mon, Nov 6, 2017 9:12AM There isn't much by way of relevant data on the economic calendar this week.  In fact, there are no reports that would ever be considered "top-tier" in terms of market movement potential.  The less important data comes at at a slow pace to boot, with effectively no potential market movers until the very end of the week. The Treasury auction cyc... (read more) MBS Live Recap: Some Sound and Fury, but No Significance Fri, Nov 3, 2017 6:30PM This is more of a recap of the week as a whole because if I tried to just cover today, the screen would look too blank!  NFP came out weaker than expected.  No one cared for better or worse.  The end... seriously! There was a bit of volatility following the jobs data as traders searched for significance in the labor force participation slu... (read more) MBS Price Change UMBS 5.0 99.44 +0.00 UMBS 5.5 101.06 -0.01 UMBS 6.0 102.36 -0.01 GNMA 5.0 99.73 0.00 GNMA 5.5 101.01 -0.03 GNMA 6.0 102.01 +0.03 Pricing as of: 9/10 1:35AM EST US Treasury Yield Change 2 YR Treasury 3.553 -0.015 5 YR Treasury 3.614 -0.013 7 YR Treasury 3.814 -0.019 10 YR Treasury 4.088 +0.004 30 YR Treasury 4.732 -0.003 Pricing as of: 9/10 1:35AM EST Other News Realtors Blast Tax Plan Again, Present Ideas for Increasing Homeownership Mon, Nov 6, 2017 11:20AM The last of a series of three working papers on the hurdles hampering homeownership was introduced on Friday in conjunction with the 2017 Realtors® Conference and Expo and the 2018 forecast for housing from Lawrence Yun, chief economist of the National Association of Realtors (NAR). Yun said that the many positives for housing that should pave the way fo... (read more) NAR Jumps into Tax Reform Fight; MBA Holds the Towel Fri, Nov 3, 2017 10:43AM 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... (read more) Buydowns; Down Payments; USDA - New Lender Products Mon, Nov 6, 2017 9:23AM New Lender Programs Impac Mortgage Corp. offers No Income No Employment loans ("Asset Qualification Loans"). Planet Home Lending announced the addition of Temporary Buydowns to its product portfolio, effective immediately. PHL will allow 2/1 buydowns at a rate of 2% for the first year and 1% for the second year. iServe Residential lending, LLC debut an innov... 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