The Mortgage Bankers Association (MBA) notes that applications for the purchase of new homes declined by 2.1 percent in October compared to the same month in 2017. Those applications were also 11 percent lower than in September. The information, taken from responses to MBA's Builder Application Survey, does not include any adjustment for seasonal patterns. Based on the survey results and other assumptions including about market coverage, MBA estimates that new single-family home sales were at a seasonally adjusted rate of 673,000 in October, an increase of 4.7 percent from the September sales rate of 643,000 units. On an unadjusted basis, the MBA projects 53,000 new home sales occurred during the month, up by 6 percent from 50,000 sales in September. Conventional loan applications accounted

November 16, 2018 Download our Mobile App: Download our Mobile App: Housing News New Home Sales, Prices Faded in October The Mortgage Bankers Association (MBA) notes that applications for the purchase of new homes declined by 2.1 percent in October compared to the same month in 2017. Those applications were also 11 percent lower than in September. The information, take... (read more) Rob Chrisman Profitability and Commission Products; HELOCs, Servicing, Digital...Geocoding Bid Tapes! Why is the housing market sluggish despite a solid U.S. economy, solid demographics, and pent-up demand? Those don’t matter if prices are out of reach relative to incomes , and housing appreciation has outpaced income growth for a long time. An... (read more) Housing News Mutual Mortgage Insurance Fund Outperforms for Fourth Year in a Row The Federal Housing Administration (FHA) said on Thursday that its Mutual Mortgage Insurance Fund (MMI Fund) exceeded its congressionally mandated minimum reserves in FY2018 for the fourth year in a row. In its 2018 Annual Report to Congress the agen... (read more) MBS Commentary MBS Live Day Ahead: Bonds Already Commuting for Thanksgiving? Because November 1st was a Thursday, we'll be treated to the earliest possible iteration of Thanksgiving. It's next week, by the way! Why are we talking about such things with respect to financial markets? Simply put, the winter holidays definitely h... (read more) Housing News Fannie Mae Offering Relief Programs in Wildfire Areas Fannie Mae has expanded the menu of post-disaster services it is offering to its borrowers. The new services are in addition to the up to 12 months of forbearance, waived fees, and temporary foreclosure moratorium that Freddie Mac and Fannie Mae (the... (read more) MBS Commentary MBS Live Recap: Bonds Pulled 2 Ways by Stocks and Global Gloominess Remember the middle of 2016 when rates managed to make it all the way back in line with all-time lows despite having almost no justification in terms of economic data and policy outlooks?  Those low rates were mostly about Brexit .  ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.37 -0.13 Price / Yield Change MBS UMBS 5.5 99.37 -0.13 UMBS 6.0 101.31 -0.09 GNMA 5.5 99.64 -0.14 GNMA 6.0 101.29 -0.03 Pricing as of: 7/23 4:07PM EST 10 Year US Treasury 4.3877 +0.0417 Price / Yield Change US Treasury 2 YR Treasury 3.882 +0.053 5 YR Treasury 3.933 +0.047 7 YR Treasury 4.144 +0.045 10 YR Treasury 4.385 +0.039 30 YR Treasury 4.946 +0.029 Pricing as of: 7/23 4:07PM EST Latest Video China trade and the Fed are the biggest risks to the market, strategist say... Pro: If Fed doesn't raise rates in December, it would be a signal for marke... Industrial production rises more than expected Around the Web CNBC Homebuilder stocks are getting crushed, but one analyst says the chart looks so bad it's good Reuters Dollar, U.S. yields slide on Fed official's rate comments Reuters Trump says China wants trade deal, U.S. may not impose more tariffs Reuters Dollar, U.S. yields fall on Fed comments; Brexit casts shadow Calculated Risk Blog NY Fed Q3 Report: "Total Household Debt Rises for 17th Straight Quarter" Calculated Risk Blog Kansas City Fed: Regional Manufacturing Activity "Growth Edged Higher" in November Redfin Nearly One in Three Homes For Sale in October had a Price DropHighest Level Since at Least 2010 Calculated Risk Blog BLS: Unemployment Rates Lower in 6 states in October, Texas and Washington at New Series Lows Calculated Risk Blog Industrial Production Increased 0.1% in October NAHB Eye on Housing Single-Family Permits: Declines in the Midwest and Northeast Reuters Brexit front and middle in light week for data CNBC US bond yields fall amid political uncertainty surrounding Brexit CNBC Larry Summers: 50 percent chance of a US recession by 2020

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