The U.S. Census Bureau recently released a treasure trove of data, its 2018 report on Characteristics of New Housing. The report, based on data collected by the Bureau's Survey of Construction, covers a huge array of stats about new single-family housing on both a national and a regional basis. Much, but not all of the information dates back to 1973 and is presented by way of a series of spreadsheets and is used by researchers, policymakers, builders, and the housing finance industry. The longitudinal data, which is somewhat limited, is useful in identifying trends, and the whole database is actually sort of fun - potentially an enormous time sink for housing info junkies. The Bureau found there were 840,000 single-family homes completed in 2018. While this was the largest number since the

July 12, 2019 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.13% -0.12%   6.11% 7.26% 15 Yr. Fixed 5.71% +0.00%   5.54% 6.59% 30 Yr. Jumbo 6.15% -0.10%   6.15% 7.45% Compare Mortgage Rates from Local Lenders for Jul 12, 2019 Mortgage Rates Mixed Follow Fed Chair Testimony Wed, Jul 10, 2019 2:31PM Mortgage rates were mixed today following the much-anticipated congressional testimony by Fed Chair Jerome Powell. Although these testimonies are regularly scheduled events (twice a year), they can offer important insights into the evolution of thought at the Fed. This depends on the timing of various market movements and Fed communications, of course, as well as the questions asked by Congress. In today's case, investors were very interested to hear what Powell thought of the market's expectations for 3 rate cuts in 2019 and whether last week's strong jobs report changed anything. He didn't r... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.13% -0.12 0.00 15 Yr. Fixed 5.71% 0.00 0.00 30 Yr. FHA 5.91% -0.08 0.00 30 Yr. Jumbo 6.15% -0.10 0.00 7/6 SOFR ARM 5.65% +0.01 0.00 30 Yr. VA 5.92% -0.09 0.00 Updates Daily - Last Update: 9/16 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.28 -0.01   97.47 101.61 UMBS 30YR 6.0 102.43 -0.02   99.66 102.50 10 YR Treasury 4.029 -0.012   3.621 4.780 MBS Live Day Ahead: Ducking, Covering, and Waiting For Sell-Off To Run Its Course Fri, Jul 12, 2019 9:12AM In the day just passed, bonds slipped into a bit of a capitulation sell-off following slightly stronger CPI data and a much weaker 30yr bond auction.  In and of themselves, these events might not have justified the amount of selling seen, but ti... (read more) MBS Price Change UMBS 5.0 99.93 +0.02 UMBS 5.5 101.28 -0.01 UMBS 6.0 102.43 -0.02 GNMA 5.0 100.28 +0.04 GNMA 5.5 101.36 +0.13 GNMA 6.0 102.06 +0.08 Pricing as of: 9/16 1:13PM EST US Treasury Yield Change 2 YR Treasury 3.514 -0.023 5 YR Treasury 3.588 -0.012 7 YR Treasury 3.774 -0.017 10 YR Treasury 4.029 -0.012 30 YR Treasury 4.649 -0.012 Pricing as of: 9/16 1:13PM EST Other News Everything You Need to Know About Housing - and Then Some Fri, Jul 12, 2019 11:28AM The U.S. Census Bureau recently released a treasure trove of data, its 2018 report on Characteristics of New Housing. The report, based on data collected by the Bureau's Survey of Construction, covers a huge array of stats about new single-family housing on both a national and a regional basis. Much, but not all of the information dates back to 1973 and is p... (read more) New Home Buyers Shied Away in June Despite Friendly Rates Fri, Jul 12, 2019 10:52AM Applications for financing new home purchases slipped in June in spite of the continued easing of mortgage interest rates. The Mortgage Bankers Association (MBA) said its Builder Application Survey (BAS) shows mortgage applications for new home purchases increased 17.9 percent compared from a year ago but were down 14 percent from the previous month. This ch... (read more) VA Churning is Costing All Ginnie Mae Borrowers and Investors Fri, Jul 12, 2019 8:21AM The Government National Mortgage Association (Ginnie Mae) is the agency, housed under the Department of Housing and Urban Development, that converts government guaranteed mortgages into mortgage-backed securities for investors to purchase. Their originations are 57 percent FHA loans, 40 percent VA loans, and 3 percent loans from other government programs, pr... (read more) U/W Products; LO Training; Fannie, ARMs, and SOFR; Yield Curve News Fri, Jul 12, 2019 9:16AM Glenn Freezman sent, “I have a step ladder. I never knew my real ladder.” Toddlers, drunk people, and yoga pants don’t lie. What about statistics? Denver’s medical marijuana dispensaries outnumber Starbucks locations 3 to 1. In fact, this source says they outnumber Starbucks and McDonald’s combined. Colorado or elsewhere, who sa... (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 Calculated Risk Blog Q2 Review: Ten Economic Questions for 2019 NAHB Eye on Housing Building Materials Price Declines Led by Lumber and Plywood CNBC Bidding wars are heating up. Here's how to win your dream home Calculated Risk Blog Q2 GDP Forecasts: Around 1.5% CNBC Treasury Dept asks Congress to raise debt ceiling before summer recess Reuters U.S. producer prices rise slightly; cost of goods declines NAR - Realtor.com First-Time Home Buyer Nightmare: Why It's Taking Longer to Find the Perfect Home Bloomberg Messy 30-Year Treasury Sale Follows Dovish Powell, Firmer CPI Bloomberg Powell Says Tariffs and Immigration May Be Slowing Homebuilding Reuters Bostic: Fed's focus is its mandates not market pricing for rate cuts Reuters As Fed's Powell affirms rate cut view, others see U.S. economy humming Bloomberg Fed's Barkin: Risks Are Tilted a Little More to the Downside - Bloomberg Reuters U.S. government posts $8 billion deficit in June

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