Applications for new home purchase mortgages slowed significantly in April when compared to March the Mortgage Bankers Association (MBA) said on Thursday. Its Builder Applications Survey (BAS) data shows the volume of applications declined 5 percent month-over-month, but remained 7.5 percent higher than during the previous April. The reported changes do not include any adjustments for typical seasonal patterns. Based on the BAS report of applications, assumptions regarding market coverage, and other factors, the MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 656,000 units in April. This estimate represents a decrease of 3.8 percent from the March pace of 682,000 units. On an unadjusted basis, the MBA estimates that there were 63,000 new home

May 10, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for May 10, 2018 Mortgage Rates Recover Today; Still Higher This Week Thu, May 10, 2018 4:05PM Mortgage rates bounced back today, following a weaker-than-expected report on inflation and a relatively strong 30yr bond auction. Rising inflation means that bond investors will receive future payments that won't buy as much as those same dollars would buy today. As such, when key reports show inflation is in check, bond investors are more willing to buy. A strong showing at the 30yr Treasury auction signals a similar willingness to buy bonds. Excess demand means higher bond prices and lower interest rates--all other things being equal. With all of the above in mind, it's no surprise to see m... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 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 5.5 101.22 -0.06   97.47 101.61 UMBS 30YR 6.0 102.47 -0.07   99.66 102.50 10 YR Treasury 4.065 +0.026   3.621 4.780 MBS Live Day Ahead: CPI Comes Out Swinging; Auction Cycle Conclusion Up Next Thu, May 10, 2018 9:40AM Today begins with a modestly weaker CPI (consumer price index) report generating an impressive surge in volume.  In fact, the volume in the minute following the CPI release was roughly double that seen in the minute following the last NFP report... (read more) MBS Live Recap: 10yr Auction Confirms Rates Needed to Rise Wed, May 9, 2018 7:11PM Today's key event for bonds was the 10yr Treasury auction because it served as an acid test for investor demand amid relatively uncertain times.  Unfortunately, the auction was solid, but not so solid as to suggest bond traders had miscalculated a concession that began taking shape yesterday morning. In other words, yields were moving higher because... (read more) MBS Live Recap: Bonds Improve, But Is It Enough? Thu, May 10, 2018 4:32PM With two big-ticket events on tap for bond markets today, there was always a chance that they'd go our way and that we'd see some decent gains as a result.  Thankfully, that happened. In fact, bonds were already moderately stronger before the first big event--The Consumer Price Index (CPI)--crossed the wires.  Following the weaker CPI reading ... (read more) MBS Price Change UMBS 5.0 99.68 -0.10 UMBS 5.5 101.22 -0.06 UMBS 6.0 102.46 -0.07 GNMA 5.0 100.01 -0.07 GNMA 5.5 101.18 -0.01 GNMA 6.0 102.12 -0.06 Pricing as of: 9/9 6:51AM EST US Treasury Yield Change 2 YR Treasury 3.503 +0.015 5 YR Treasury 3.580 +0.019 7 YR Treasury 3.789 +0.021 10 YR Treasury 4.065 +0.026 30 YR Treasury 4.723 +0.033 Pricing as of: 9/9 6:51AM EST Other News New Home Sales Fall Victim to Rates, Construction Woes Thu, May 10, 2018 4:21PM Applications for new home purchase mortgages slowed significantly in April when compared to March the Mortgage Bankers Association (MBA) said on Thursday. Its Builder Applications Survey (BAS) data shows the volume of applications declined 5 percent month-over-month, but remained 7.5 percent higher than during the previous April. The reported changes do not ... (read more) Senior Sales Jobs, Construction-to-Perm Product; Mergers and Capital Markets Thu, May 10, 2018 9:16AM Amazon, Google , Apple, Uber (largest food delivery system in the world) taking over the world? Perhaps, especially if we’re willing to give it to them. I mention this because Amazon just inked a partnership deal with Lennar Homes to put its Alexa device in control of each house: TV, lights, temperature, shades, and more. Will humans have to think for ... (read more) Latest Video Tax reform effects beginning to positively affect real estate investors, sa... Thursday is the best day to sell a home, find out what time Q2 2018 GDP tracking 3.7% Around the Web Bloomberg California Becomes First State to Mandate Solar on New Homes Calculated Risk Blog Hotels: Occupancy Rate increases Year-over-Year, On Pace for Record Year CNBC Burned-out house in Silicon Valley sells for a whopping $938,000 Brookings Institution Hutchins Roundup: Government programs reduce poverty, inflation and an aging population, and more Freddie Mac Mortgage Rates Level Out Brookings Institution Do our infrastructure systems put people at risk? Reuters U.S. weekly jobless claims hover near 48-year low CNBC US consumer prices rebound modestly in April CNBC This is the best day and time to list your home for sale Reuters RBS reaches $4.9 billion deal to settle U.S. mortgage bond investigation Bloomberg Corporate America Is Staring Down a $4 Trillion Wall of Refinancing CNBC The 10 best states for turning a profit on flipping a house CNBC Trump's Iran nuclear deal exit may spark a sanctions battle with Europe that the US already lost once

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.