The Department of Housing and Urban Development (HUD) announced on Tuesday that it has extended eligibility for FHA mortgages to individuals who are classified under the Deferred Action for Childhood Arrivals program (DACA). These individuals are perhaps better known as "Dreamers." DACA status is granted to undocumented individuals who were brought into the country before their 16 th birthday and were under the age of 31 when the category was established in June 15, 2012. Residency requirements apply and individuals must be in school, have completed high school, obtained a GED certificate, or be honorably discharged from one of the military services. DACA status allows its holders to work legally in the U.S. and prevents their involuntary removal from the country for a two-year renewable term

January 21, 2021 Download our Mobile App: Download our Mobile App: Housing News DACA "Dreamers" Given FHA Loan Eligibility The Department of Housing and Urban Development (HUD) announced on Tuesday that it has extended eligibility for FHA mortgages to individuals who are classified under the Deferred Action for Childhood Arrivals program (DACA). These individuals are per... (read more) Housing News Rising Material Prices and Lot Shortages Hurt January Builder Confidence After setting three successive record highs, most recently a 90 level in November , the pandemic and rising construction costs are taking a toll on the Housing Market Index (HMI). The National Association of Home Builders (NAHB) said the index, which... (read more) Housing News Construction Surges to Highest Levels in 15 Years Residential construction finished out 2020 much more strongly than analysts had expected. The U.S. Census Bureau and Department of Housing and Urban Development reported significant increases in both residential permitting and housing starts in Decem... (read more) Rob Chrisman Ops, AE Jobs; Sales, Leadership, Tech, Pricing Tools; VA, Ginnie, FHA Changes Incl. URLA Update In his Saturday Morning Cup of Joe , Jeremy Potter quipped, “The word ‘homeowners’ has the word ‘meow’ in it. Good luck unseeing that from now on.” Plenty of people are out there predicting the path of homeowners a... (read more) Mortgage Rate Watch Mortgage Rates Almost Back to Early January Levels Mortgage rates made more progress today, but only after some drama in the morning. The bond market started the day in weaker territory and many mortgage lenders were offering higher rates as a result. As the day progressed, bonds improved and lenders... (read more) MBS Commentary MBS Live Recap: Bonds Push Back Against AM Weakness, But Risks Remain Bonds Push Back Against AM Weakness, But Risks Remain Yields were breaking higher as the domestic session began with traders citing the European Central Bank (ECB) as the primary source of motivation.  T... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.73 +0.09 Price / Yield Change MBS UMBS 5.5 99.73 +0.08 UMBS 6.0 101.52 +0.08 GNMA 5.5 99.93 +0.07 GNMA 6.0 101.42 +0.07 Pricing as of: 7/7 12:58AM EST 10 Year US Treasury 4.3310 -0.0157 Price / Yield Change US Treasury 2 YR Treasury 3.858 -0.025 5 YR Treasury 3.912 -0.024 7 YR Treasury 4.103 -0.022 10 YR Treasury 4.331 -0.016 30 YR Treasury 4.860 -0.004 Pricing as of: 7/7 12:58AM EST Latest Video The Bond Report - 9am - January 21, 2021 Weekly jobless claims total 900,000, vs 925,000 estimate Treasury nominee Yellen says U.S. can afford a higher corporate tax rate if... Here's a look at the economy President-elect Biden will inherit Around the Web CNBC These are the five hottest and three coldest markets for home prices in 2021 Calculated Risk Blog Hotels: Occupancy Rate Declined 31.8% Year-over-year Calculated Risk Blog Comments on December Housing Starts NAHB Eye on Housing Confidence in Remodeling is Strong Despite COVID-19 Calculated Risk Blog Housing Starts increased to 1.669 Million Annual Rate in December CNBC Watch Christine Lagarde speaking after the ECB's latest policy move CNBC Weekly jobless claims total 900,000, vs 925,000 estimate CNBC European Central Bank keeps interest rates unchanged as new Covid lockdowns extend economic pain CNBC Treasury yields fall amid market highs following Biden's inauguration news.google.com Jobless claims preview: Another 935,000 Americans likely filed new unemployment claims last week - Yahoo Finance CNBC The Fed under Biden: New mandates, a close White House tie and big challenges ahead NPR President Biden Will Extend Student Loan Payment Freeze Through September 30 Calculated Risk Blog AIA: "Architecture Billings continue to lose ground" in December

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