New homes sales managed a small increase in December following three months of losses including a substantial downturn in November. The U.S. Census Bureau and the Department of Housing and Urban Development reported that sales of newly built homes were at a seasonally adjusted annual rate of 842,000 units. This is a 1.6 percent increase from the downward revision of the November estimate. The revision downgraded those sales from an annual rate of 841,000, a 11.0 percent decline, to 829,000. The December rate of sales represents 15.2 percent year-over-year growth. Analysts had expected a better recovery from the November loss. Those polled by Econoday had predicted sales would be in the range of 822,000 to 934,000. Their consensus was 871,000 units. On a non-adjusted basis there were 55,000

January 28, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Jan 28, 2021 Mortgage Rates Mostly Recover After Starting The Day Higher Tue, Jan 26, 2021 4:03PM Mortgage rates were mixed to slightly higher today, depending on the lender. "Higher" is a relative term, in this case as the average loan seeker is unlikely to see much of a difference between yesterday's quotes and today's. Even then, the changes would almost certainly be in the form of upfront costs (or lender credits) rather than to the interest rate itself. For the sake of thoroughness and accuracy, keep in mind there are really two different kinds of rate when it comes to mortgages. The " note rate " is unsurprisingly the rate found at the top of your mortgage note. This is the rate that... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 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 5.5 101.10 +0.03   97.47 101.61 UMBS 30YR 6.0 102.40 +0.03   99.66 102.50 10 YR Treasury 4.081 -0.002   3.621 4.780 MBS Live Recap: Why Are We Losing Ground Today and What's The Implication? Thu, Jan 28, 2021 3:52PM Why Are We Losing Ground Today and What's The Implication? Due to its timing and size, today's bond market weakness may suggest the short-term rally is reversing course.  One single day of selling is usually never enough to confirm such things and today is no exception.  Nonetheless, it's the riskiest day w... (read more) MBS Price Change UMBS 5.0 99.50 +0.06 UMBS 5.5 101.10 +0.03 UMBS 6.0 102.41 +0.03 GNMA 5.0 99.78 +0.05 GNMA 5.5 101.05 +0.01 GNMA 6.0 102.05 +0.07 Pricing as of: 9/10 6:00AM EST US Treasury Yield Change 2 YR Treasury 3.541 -0.027 5 YR Treasury 3.603 -0.024 7 YR Treasury 3.805 -0.028 10 YR Treasury 4.081 -0.002 30 YR Treasury 4.734 -0.001 Pricing as of: 9/10 6:00AM EST Other News New Home Sales Recover Slightly After Losses, Still up 15% Annually Thu, Jan 28, 2021 11:08AM New homes sales managed a small increase in December following three months of losses including a substantial downturn in November. The U.S. Census Bureau and the Department of Housing and Urban Development reported that sales of newly built homes were at a seasonally adjusted annual rate of 842,000 units. This is a 1.6 percent increase from the downward rev... (read more) FHA Forbearance Eligibility and Eviction Moratoria Extended Wed, Jan 27, 2021 9:21AM The Acting Secretary of the Department of Housing and Urban Development (HUD) has announced an extension of the deadline for borrowers with FHA mortgage loans to apply for and receive forbearance. Matthew Ammon said up to six months of deferred or reduced mortgage payments may be available to homeowners financially impacted by the pandemic who request it by ... (read more) More Evidence of Covid's Effect on Home Buying Preferences Tue, Jan 26, 2021 4:03PM It probably wasn't on your COVID Bingo card, but the National Association of Home Builders (NAHB) is finding more and more evidence that the pandemic is changing America's home buying plans . Rose Quint writes in NAHB's Eye on Housing Blog that the percentage of those households considering purchasing a home within the next year took the largest jump in the ... (read more) Ops, MLO, IT Jobs; MSR, Originator Ranking, Digital Tools; FHA's Bevy of News; Ginnie's eNote Pool Thu, Jan 28, 2021 10:33AM The stock price of American Airlines back to February 2020 levels. Investors seem to be “buying hope.” In Mortgage Land, though I am beginning to hear tales of pricing margins dropping slightly, if you’re a lender and it takes your back office two months to close a refinance, why make your pricing more aggressive? How does that help custome... (read more) Latest Video Stocks gain steam as market rebounds from worst sell-off in 3 months New home sales at 842,000, lower than expectations The Bond Report - 9am - January 28, 2021 Jobless claims rise less than expected at 847,000 first-time applicants Around the Web Calculated Risk Blog January 27 COVID-19 Test Results and Vaccinations news.google.com Dow jumps 400 points, rebounding from its biggest drop since October - CNBC CNBC U.S. economy closes out 2020 with lower than expected 4% gain CNBC Jobless claims rise less than expected at 847,000 first-time applicants CNBC The Federal Reserve doesn't see risks to market stability, even as concern about bubbles grows CNBC The ECB is sticking to its block on bank dividends ... for now CNBC Trump cut taxes for the rich. Biden wants to raise them Calculated Risk Blog House Prices and Median Household Income NPR Down But Not Out: Pandemic Likely Dealt Blow To Economy But There's Room For Hope CNBC Federal Reserve leaves interest rates and asset purchases unchanged, sees growth slowing CNBC Fed Chairman Powell will try to soothe markets, but that may not work news.google.com Fed set to release monetary policy decision CNBC Nearly one third of U.S. homes are at high risk of natural disaster, a new study says

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