After three straight months of gains, April's new home sales were expected to give back a little and they did. The U.S. Census Bureau said sales of newly constructed homes were at a seasonally adjusted annual rate of 673,000 units, a 6.9 percent decline from March. The retrenchment was made even more likely by a significant upside revision to those March numbers; from 692,000 in the original estimate to 723,000, the highest number in at least a year. Despite April's decline, the month's sales pace is well above that in April 2018, up 7.0 percent from that estimate of 629,000. Analysts had predicted sales would slow to an annual rate between 640,000 and 696,000 units. The consensus of those polled by Econoday was 680,000. On a non-adjusted basis there were 66,000 newly constructed homes sold

May 23, 2019 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 23, 2019 Mortgage Rates Catch a Break Wed, May 22, 2019 4:53PM Mortgage rates moved higher at a pace that was probably quicker than the average homebuyer would like yesterday . That was part of a 4 day move leading back up from the lowest levels in more than a year (or close to them, depending on the lender). That 4-day move could have easily been quite a bit longer, and it still could be, as long as we overlook today's market movement. Thankfully, it's taken rates back in a friendlier direction. At issue is the unexpected flare-up in British politics surrounding Theresa May's referendum gambit yesterday. To be fair, the gambit was unexpected, but the fla... (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 5.5 101.26 +0.13   97.47 101.61 UMBS 30YR 6.0 102.53 +0.05   99.66 102.53 10 YR Treasury 4.048 -0.039   3.621 4.780 MBS Live Day Ahead: And Now We're Trendless Thu, May 23, 2019 9:12AM In the day just passed, bonds rallied somewhat sharply as headlines suggested Theresa May was soon to be ousted as Britain's prime minister.  Is it possible that other headlines regarding American politics were having an effect?  Maybe to a... (read more) MBS Price Change UMBS 5.0 99.75 +0.28 UMBS 5.5 101.25 +0.13 UMBS 6.0 102.53 +0.05 GNMA 5.0 100.05 +0.22 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.13 -0.01 Pricing as of: 9/8 4:38PM EST US Treasury Yield Change 2 YR Treasury 3.494 -0.024 5 YR Treasury 3.567 -0.022 7 YR Treasury 3.772 -0.029 10 YR Treasury 4.043 -0.044 30 YR Treasury 4.687 -0.082 Pricing as of: 9/8 4:38PM EST Other News New Home Sales End Three-Month Winning Streak, Still Up from 2018 Thu, May 23, 2019 10:46AM After three straight months of gains, April's new home sales were expected to give back a little and they did. The U.S. Census Bureau said sales of newly constructed homes were at a seasonally adjusted annual rate of 673,000 units, a 6.9 percent decline from March. The retrenchment was made even more likely by a significant upside revision to those March num... (read more) UI Urges CFPB, Don't Limit Access to Loan Information Thu, May 23, 2019 8:16AM The Urban Institute (UI) is urging the Consumer Financial Protection Bureau (CFPB) to rethink its plans for Home Mortgage Disclosure Act (HMDA) reporting. The HMDA, passed in 1975, requires many financial institutions to maintain, report, and publicly disclose loan-level information about mortgages. According to CFPB, the data "help show whether lenders are ... (read more) Calabria Says Let Fannie/Freddie Make More Profit Thu, May 23, 2019 8:11AM If you stuffed the old certificates in your sock drawer ten years ago, it may be time to dig them out. Mark Calabria, the new director of the Federal Housing Finance Agency (FHFA) says Fannie Mae and Freddie Mac common stock might be worth something after all. Bloomberg reports that Calabria told an audience in New York on Monday that the two government spon... (read more) Construction, Subservicer, Reverse Products; Technology Options Report Thu, May 23, 2019 9:09AM As millions around the globe revel in World Turtle Day, others are more interested about what went on the hallway chatter at the MBA’s Secondary Conference as we see the low rates of 2019. How a few of the big banks (Wells, Chase, Flagstar, to name a few) saw their residential mortgage profit rebound dramatically in the first quarter. Capital markets f... (read more) Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web Bloomberg Can Bond Traders Snooze Through Trade-War Alarm? Reuters Global growth worries slam Wall St. as trade tensions persist Reuters U.S. tariffs on China to cost American households: NY Fed research Reuters Trade uncertainties big downside risk, Fed officials say CNBC Mortgage rates fall, and could go even lower, as bond yields fall on fears of a protracted China trade war CNBC Mortgage rates fall, and could go even lower, as bond yields fall on fears of a protracted China trade war consumerfinancemonitor.com CFPB publishes Spring 2019 rulemaking agenda Calculated Risk Blog A few Comments on April New Home Sales Bloomberg U.S. Treasury 10-Year Yield Drops to Lowest Level Since 2017 Federal Reserve Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households Calculated Risk Blog Kansas City Fed: "Growth in Tenth District Manufacturing Activity Continued at a Modest Pace" Bloomberg Fed Staff Lose Faith Central Bank Will Hit 2% Inflation Goal Reuters New tariffs on Chinese goods to cost typical U.S. household $831 a year: NY Fed research

© 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.