The Mortgage Bankers Association (MBA) is predicting a strong increase in new home sales in March. Its Builder Application Survey (BAS), conducted with mortgage subsidiaries of new home builders, found applications for new home purchase mortgages were up 14 percent from February. They still lagged those from a year earlier by 2.6 percent. Those numbers do not include any adjustment for typical seasonal patterns. Using that information as well as other data regarding market coverage, MBA estimates there were 65,000 newly constructed homes sold during the month. This would be an increase of 18.2 percent from the 55,000 new home sales in February. The MBA says its data indicates new single-family home sales were running at a seasonally adjusted annual rate of 682,000 units in March 2018. This

April 12, 2018 Download our Mobile App: Download our Mobile App: Housing News MBA Predicts New Home Sales Up in March The Mortgage Bankers Association (MBA) is predicting a strong increase in new home sales in March. Its Builder Application Survey (BAS), conducted with mortgage subsidiaries of new home builders, found applications for new home purchase mortgages wer... (read more) Housing News Tax Cut Effects on Housing Still Debatable As Americans are nearing the deadline to file their 2017 federal income tax return, what this will put on their 2018 return is still open to debate. The effects of the Tax Cuts and Jobs Act, passed by Congress in December was, in the words of CoreLog... (read more) Rob Chrisman Cyber Training and Data Security Workshop; Nationstar Documentation Penalty This commentary posts plenty of job opportunities. I have a site – www.LenderNews.com – where folks can post resumes for free (under “services) and companies can view them. What about the flip side? People are fired every day, from ... (read more) MBS Commentary MBS Live Day Ahead: Apart From Speculation, All We Have Are These Technical Levels On a week where the calendar of events had every right to push bond yields more decisively away from their most important recent technical level (2.795% in 10yr yields), we've instead seen a narrow consolidation centered on that same indecisive techn... (read more) Mortgage Rate Watch Mortgage Rates Inch Down to 2-Month Lows Mortgage rates technically hit the lowest levels in 2 months today. The catch is that they were already pretty close and that today's improvement wasn't necessarily that big. In fact, most borrowers will see the same interest rate in today's quotes w... (read more) MBS Commentary MBS Live Recap: This Week is Getting Crazy Flat Bonds were set to begin the day in fairly unchanged territory when Trump tweeted about launching missiles at Syria and forcing Russia to try to shoot them down (here).  That was initially of some benefit to bonds just before the start of the d... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.67 -0.17 Price / Yield Change MBS UMBS 5.5 99.70 -0.15 UMBS 6.0 101.42 -0.15 GNMA 5.5 99.89 -0.07 GNMA 6.0 101.18 -0.23 Pricing as of: 7/3 10:32AM EST 10 Year US Treasury 4.3314 +0.0516 Price / Yield Change US Treasury 2 YR Treasury 3.877 +0.089 5 YR Treasury 3.932 +0.065 7 YR Treasury 4.117 +0.061 10 YR Treasury 4.332 +0.052 30 YR Treasury 4.845 +0.036 Pricing as of: 7/3 10:32AM EST Latest Video Santelli Exchange: Growth vs. debt and inflation Subprime stages comeback as 'non-prime' loans Initial jobless claims down 9,000 to 233,000 Around the Web CNBC Before Thursday's rally, investor fear was the highest it's been all year Calculated Risk Blog Hotels: Occupancy Rate Down Year-over-Year CNBC Bank earnings are coming, and they're going to be huge CNBC House GOP pushes back plans to vote on making individual tax cuts permanent NPR First-Ever Evictions Database Shows: 'We're In the Middle Of A Housing Crisis' NAR - Realtor.com Forget Luxury Apartments; the Hottest Rentals Are Single-Family Homes HUD Opening Doors: Fair Housing Means Housing Choice without Discrimination NAR - Realtor.com That Apartment Building Boom Is SlowingSo Rent Is About to Accelerate consumerfinancemonitor.com NY Fed now publishing LIBOR alternative index rate Calculated Risk Blog Update: Predicting the Next Recession Bloomberg A Small Fix for the Housing Crunch Is in Your Backyard CNBC Sub-prime mortgages make a comebackwith a new name and soaring demand consumerfinancemonitor.com Acting Director Mulvaney appears before House Financial Services Committee

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