The Housing Market Index (HMI) backed down a bit from its post-election surge in January, dropping 2 points to a composite reading of 67. The National Association of Homebuilders (NAHB)/Wells Fargo index, which measures builder confidence in the new home market, had gained 7 points (now revised down to 6) in December to reach its highest level since July 2005. According to NAHB Chairman Granger MacDonald, "Builders begin the year optimistic that a new Congress and administration will help create a better business climate for small businesses, particularly as it relates to streamlining and reforming the regulatory process." "NAHB expects solid 10 percent growth in single-family construction in 2017, adding to the gains of 2016," said NAHB Chief Economist Robert Dietz. "Concerns going into the

January 18, 2017 Download our Mobile App: Download our Mobile App: Housing News Builder Confidence Slides Off 12-Year High The Housing Market Index (HMI) backed down a bit from its post-election surge in January, dropping 2 points to a composite reading of 67. The National Association of Homebuilders (NAHB)/Wells Fargo index, which measures builder confidence in the new ... (read more) Housing News Refi Applications Continue Healing With Help From FHA Fee Cut Mortgage applications rose on a seasonally adjusted annual basis during the week ended January 13. The Mortgage Bankers Association said its Market Composite Index, a measure of applications volume, increased by 0.8 percent compared to the week ended... (read more) Mortgage Rate Watch Mortgage Rates Back Near 2-Month Lows Mortgage rates moved lower today , generally recovering the losses seen last Friday. This brings many lenders back in line with the lowest levels since November 17th, although last Wednesday (Jan 11) was slightly better on average. There hasn't been ... (read more) Rob Chrisman Deutsche Settles; Investor Requirement and Underwriting Changes The mortgage world is full of acronyms. Some refer to Finance of America as “FOAM,” for example. There are new ones every year, making it hard for old-timers in lending to keep track. Speaking of which, I’m not old, but then again, ... (read more) MBS Commentary MBS Live Day Ahead: Active Day for Data; Range Remains Intact Although yields were able to close at the lowest levels in more than a month yesterday, bonds continued to trade in the same intraday range (roughly 2.30-2.44% in terms of 10yr yields).  Today begins with that range being firmly reinforced as ... (read more) MBS Commentary MBS Live Recap: Best Closing Levels Since Late November In some regards, bonds had their best day of the year today.  The outright gains weren't quite as big as Jan 5th or 9th, but closing yields were the lowest since Nov 29th!  Much of today's bond market positivity owes itself to the 3-day w... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% 0.00 0.00 15 Yr. Fixed 5.91% 0.00 0.00 30 Yr. FHA 6.19% -0.01 0.00 30 Yr. Jumbo 6.80% 0.00 0.00 7/6 SOFR ARM 6.29% -0.04 0.00 30 Yr. VA 6.20% -0.02 0.00 Updates Daily - Last Update: 7/1 15 Yr. Fixed Rate 5.91% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.91 -0.01 Price / Yield Change MBS UMBS 5.5 99.92 -0.01 UMBS 6.0 101.58 +0.00 GNMA 5.5 100.07 +0.01 GNMA 6.0 101.43 +0.03 Pricing as of: 7/1 10:33PM EST 10 Year US Treasury 4.2446 +0.0054 Price / Yield Change US Treasury 2 YR Treasury 3.771 -0.005 5 YR Treasury 3.833 -0.006 7 YR Treasury 4.017 +0.004 10 YR Treasury 4.243 +0.004 30 YR Treasury 4.766 -0.001 Pricing as of: 7/1 10:33PM EST Latest Video Fed: Economy growing at modest pace in most regions Most expensive home in the US Industrial production up 0.8% in December Around the Web CNBC 'Our foot is still pressing on the gas pedal,' but we've eased back, Yellen says Federal Reserve Yellen, The Goals of Monetary Policy and How We Pursue Them CNBC Here's how to figure out how much home you can afford Calculated Risk Blog Fed's Beige Book: Modest expansion, Tight labor markets Market Watch Fed's Beige Book: Price pressures intensified' at end of last year CNBC Fed's Kashkari says fiscal outlook not clear enough to change his forecasts Market Watch Will a Trump presidency lead to more predatory lending? CNBC Fed's Kaplan, warning on debt, urges care on fiscal policies Calculated Risk Blog AIA: Architecture Billings Index increased in December CNBC Homebuilder confidence pulls back by 2 points in January after election euphoria Reuters U.S. banking regulator can sue banks over mortgage bonds: court Market Watch Treasury yields rise as investors look ahead to ECB meeting CNBC The Dow hasn't seen a month-long range this narrow since at least 1957

© 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.