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: Housing News Realtors Blast Tax Plan Again, Present Ideas for Increasing Homeownership 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 Na... (read more) Rob Chrisman Buydowns; Down Payments; USDA - New Lender Products 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... (read more) MBS Commentary MBS Live Day Ahead: Limited Econ Data Leaves Focus on Tax Reform Headlines 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 t... (read more) 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) Mortgage Rate Watch Mortgage Rates Roughly Unchanged After Jobs Report 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... (read more) MBS Commentary MBS Live Recap: Some Sound and Fury, but No Significance 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 ... (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 5:50PM 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 5:50PM EST Latest Video Santelli Exchange: Decembers are wild Parsing Powell, talking taxes Home builder stocks slump on tax plan Around the Web CNBC The Trump Fed: Fresher faces, bigger chance for market disruption CNBC Fed's Williams lays out a case for switch in how Fed sets rates CNBC New tech firm wants to protect real estate agents from opioid addicts Calculated Risk Blog NAHB: Builder Confidence decreases for the 55+ Housing Market in Q3 CNBC Fed's Dudley appeals to Congress to 'do no harm' CNN Fed's top 3 leaders are leaving their posts PR Newswire Florida's Affordable Housing Programs: Real People, Real Stories, Real Impact Calculated Risk Blog Update: Framing Lumber Prices Up Sharply Year-over-year NY Times William Dudley, Chief of New York Fed, to Retire Next Year PR Newswire Stellar Year For Las Vegas Luxury Home Sales Calculated Risk Blog Hotel Occupancy Rate increases YoY, On Pace for Record Year Reuters House begins revising Republican tax bill to quell dissent CNBC Bond market sends a warning as Powell gets ready to takeover at Fed

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